Accra: Mrs. Elizabeth Ofosu-Adjare, the Minister of Trade, Agribusiness, and Industry, announced the discontinuation of the One-District-One-Factory (1D1F) Programme, a key initiative of the previous New Patriotic Party (NPP) government. She revealed this change during her address on the Floor of Parliament, stating that the 1D1F policy is no longer in effect.
According to Ghana News Agency, the minister outlined the ministry's new focus on developing agro-processing parks under a 24-hour economy policy. This approach aims to keep Ghana's economy active around the clock by boosting agro-processing zones, enhancing import substitution, increasing exports, generating foreign exchange, and creating employment opportunities.
Mrs. Ofosu-Adjare's remarks were in response to an urgent query posed by Mr. Alexander Afenyo-Markin, the NPP Member of Parliament for Effutu and the Minority Leader. He inquired about specific incentives and investment promotion strategies to attract private sector investment following the 1D1F cancellation.
The minister explained that the 24-hour economy policy, which includes investment incentives, is currently under review and will be presented to Parliament once finalized. She also mentioned that the ministry is engaging with stakeholders to address the impact of the 1D1F cancellation.
Mrs. Ofosu-Adjare attributed the policy cancellation to the previous administration and clarified that she was not responsible for the decision, thus unable to provide reasons or remedial measures for the cancellation's lack of transition planning.
