• Contact US
  • Advertise With US
  • Privacy & Policy
  • Submit Station
Thursday, October 2, 2025
Kumasi Mail
Advertisement
  • Home
  • News
    • All
    • Education
    • Health
    • Manhyia
    NADMO extends relief to conflict-affected communities in Bole district

    NADMO extends relief to conflict-affected communities in Bole district

    Tobinco Pharmaceuticals donates Air Conditioner to St. Theresa Catholic Hospital in Nandom

    Tobinco Pharmaceuticals donates Air Conditioner to St. Theresa Catholic Hospital in Nandom

    ‘Arrogance and Reversal’: Minority slams and demands Sam George to account for GH₵10,000 levy imposed on DSTV

    ‘Arrogance and Reversal’: Minority slams and demands Sam George to account for GH₵10,000 levy imposed on DSTV

    Abronye’s allegations against Kennedy Agyapong exposed as baseless, NPP Gen Sec fires back

    Abronye’s allegations against Kennedy Agyapong exposed as baseless, NPP Gen Sec fires back

    Kodua threatens mass suspensions if given power in his role as General Secretary

    Kodua threatens mass suspensions if given power in his role as General Secretary

    Ghana to introduce HIV preventive vaccine by 2026, plans local production

    Ghana to introduce HIV preventive vaccine by 2026, plans local production

    Four armed robbers including two soldiers, arrested  at Prestea Mining site

    Four armed robbers including two soldiers, arrested at Prestea Mining site

    We’re working with police to arrest dismissed KNUST SHS assistant headmaster – Gender Minister

    We’re working with police to arrest dismissed KNUST SHS assistant headmaster – Gender Minister

    GBA President urges Lawyers to prioritize public service

    Artificial Intelligence can enhance Ghana’s courts – GBA President

    • Health
    • Education
  • Election 2024
  • Politics
  • Business
  • Showbiz
  • Opinion
  • Sports
  • World
  • Media
  • Manhyia
  • History
No Result
View All Result
  • Home
  • News
    • All
    • Education
    • Health
    • Manhyia
    NADMO extends relief to conflict-affected communities in Bole district

    NADMO extends relief to conflict-affected communities in Bole district

    Tobinco Pharmaceuticals donates Air Conditioner to St. Theresa Catholic Hospital in Nandom

    Tobinco Pharmaceuticals donates Air Conditioner to St. Theresa Catholic Hospital in Nandom

    ‘Arrogance and Reversal’: Minority slams and demands Sam George to account for GH₵10,000 levy imposed on DSTV

    ‘Arrogance and Reversal’: Minority slams and demands Sam George to account for GH₵10,000 levy imposed on DSTV

    Abronye’s allegations against Kennedy Agyapong exposed as baseless, NPP Gen Sec fires back

    Abronye’s allegations against Kennedy Agyapong exposed as baseless, NPP Gen Sec fires back

    Kodua threatens mass suspensions if given power in his role as General Secretary

    Kodua threatens mass suspensions if given power in his role as General Secretary

    Ghana to introduce HIV preventive vaccine by 2026, plans local production

    Ghana to introduce HIV preventive vaccine by 2026, plans local production

    Four armed robbers including two soldiers, arrested  at Prestea Mining site

    Four armed robbers including two soldiers, arrested at Prestea Mining site

    We’re working with police to arrest dismissed KNUST SHS assistant headmaster – Gender Minister

    We’re working with police to arrest dismissed KNUST SHS assistant headmaster – Gender Minister

    GBA President urges Lawyers to prioritize public service

    Artificial Intelligence can enhance Ghana’s courts – GBA President

    • Health
    • Education
  • Election 2024
  • Politics
  • Business
  • Showbiz
  • Opinion
  • Sports
  • World
  • Media
  • Manhyia
  • History
No Result
View All Result
Kumasi Mail
No Result
View All Result
  • Home
  • News
  • Election 2024
  • Politics
  • Business
  • Showbiz
  • Opinion
  • Sports
  • World
  • Media
  • Manhyia
  • History
Home Business

The solution to 1D1F challenges lies in the 24-hour economy – Elizabeth Ofosu-Adjare, Minister-Designate for Trade, Agribusiness and Industry

Kumasi Mail by Kumasi Mail
January 22, 2025
in Business
0
The solution to 1D1F challenges lies in the 24-hour economy – Elizabeth Ofosu-Adjare, Minister-Designate for Trade, Agribusiness and Industry
Share on FacebookShare on Twitter

In a bold move to address the challenges plaguing Ghana’s ambitious One District, One Factory (1D1F) program, Minister-designate for Trade, Agribusiness, and Industry, Elizabeth Ofosu-Adjare, has said that the solutions to 1D1F challenges lies in the 24-hour economy.

This strategic shift aims to breathe new life into the initiative, which has faced significant hurdles since its inception.

The 1D1F program, aimed at adding value to Ghana’s raw materials, has faced significant hurdles, including a lack of raw materials and access to capital. Despite government support, factories have struggled due to high interest rates and unfulfilled promises of financial assistance.

Ofori-Adjare emphasized that the One District, One Factory (1D1F) initiative, launched under the Nana Addo Dankwa Akufo-Addo administration, has had both positive and negative impacts.

She noted, “1D1F is a program for Ghanaians by the govt of Ghana it has its pluses and minuses. For the pluses, the 1D1F set up factory where individuals could add value to our raw materials and these Agro producing factories started but because of some challenges they’ve not be able to do what was expected of them”.

The Minister designate highlighted a significant challenge facing the One District, One Factory (1D1F) initiative: the outgoing government’s failure to honor its promise to pay a 10% interest rate. She noted that this promise was made when the government capped interest rates at 20%.

“The 1D1F factories major challenge is that you know govt capped their interest at 20% and govt promises to pay 10% of them which was a very good programme but some where along the line the interest shot to 35% so now the problem the companies have is who pays the difference of 15% because they’ve already sold their products calculated at an interest of 10% and one thing govt has also not been able to do is to pay the extra 10% of these manufacturers. So these are the challenges of 1D1F”, she stressed.

Ofosu-Adjare suggests that transitioning to a 24-hour economy could provide a solution. She stressed that the approach would offer businesses incentives, with agribusiness playing a crucial role through commercial contract farming.

“Now that we know the challenges, how are we going to solve it going forward. I see the solution in the 24hr economy. In the 24hr economy, businesses are going to receive incentives, in the 24hr economy Agri business is going to play a key role. Agri business role, we’re going to do commercial contract farming. The commercial contract Farming is going to solve the raw material problem to a very large extent on so doing these factories that have signed on into the 1D1F am sure will sign on into the 24hr economy and get the benefits of the raw materials availability will get the benefits of tax holidays, they will get the benefits of stimulus package they will get and I think that it is Ghana, these industries are not political they’re looking for what a country can do for them”, she explained.

Source: www.kumasimail.com/ Kwadwo Owusu

Tags: Agribusinessand IndustryElizabeth Ofosu-AdjareMinister-designate for TradeOne DistrictOne Factory (1D1F) programtopstory
ShareTweetSend
Previous Post

Beige Bank Case: Prosecution requests adjournment, Court orders release of full proceedings

Next Post

Mahama warns Ministers to uphold humility and respect for Ghanaians

YOU MAY LIKE

Inflation drops by 2.8%  points in May 2025
Business

Inflation falls to 9.4% in September, first single-digit in four years

MTN SME Support Program Rewards 160 Entrepreneurs in Tamale with GH¢2 Million
Business

Brewing Dreams, One Sobolo Tea at a Time: The Story of Angbanlife

MTN SME Support Program Rewards 160 Entrepreneurs in Tamale with GH¢2 Million
Business

MTN SME Support Program Rewards 160 Entrepreneurs in Tamale with GH¢2 Million

Hungarian firms explore food security partnership with Ghana Armed Forces
Business

Hungarian firms explore food security partnership with Ghana Armed Forces

Farmers are suffering greatly; We carry barrels of water daily to spray our crops due to Galamsey- PFAG
Business

Farmers are suffering greatly; We carry barrels of water daily to spray our crops due to Galamsey- PFAG

Next Post
Mahama warns Ministers to uphold humility and respect for Ghanaians

Mahama warns Ministers to uphold humility and respect for Ghanaians

Tamale Circuit Court jails two thieves for 13 years for stealing  and possessing 215 duplicate keys

Tamale Circuit Court jails two thieves for 13 years for stealing  and possessing 215 duplicate keys

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

LATEST NEWS

Film industry needs tax incentives to attract big production deals

Film industry needs tax incentives to attract big production deals

Accra embraces Israeli Cinema as the wedding plan captivates film festival crowd

Accra embraces Israeli Cinema as the wedding plan captivates film festival crowd

NADMO extends relief to conflict-affected communities in Bole district

NADMO extends relief to conflict-affected communities in Bole district

Tobinco Pharmaceuticals donates Air Conditioner to St. Theresa Catholic Hospital in Nandom

Tobinco Pharmaceuticals donates Air Conditioner to St. Theresa Catholic Hospital in Nandom

‘Arrogance and Reversal’: Minority slams and demands Sam George to account for GH₵10,000 levy imposed on DSTV

‘Arrogance and Reversal’: Minority slams and demands Sam George to account for GH₵10,000 levy imposed on DSTV

Abronye’s allegations against Kennedy Agyapong exposed as baseless, NPP Gen Sec fires back

Abronye’s allegations against Kennedy Agyapong exposed as baseless, NPP Gen Sec fires back

Kodua threatens mass suspensions if given power in his role as General Secretary

Kodua threatens mass suspensions if given power in his role as General Secretary

Ghana to introduce HIV preventive vaccine by 2026, plans local production

Ghana to introduce HIV preventive vaccine by 2026, plans local production

Some Ashanti NPP Constituency Youth Organizers endorse Bryan Acheampong for 2028 flagbearer race

Some Ashanti NPP Constituency Youth Organizers endorse Bryan Acheampong for 2028 flagbearer race

Four armed robbers including two soldiers, arrested  at Prestea Mining site

Four armed robbers including two soldiers, arrested at Prestea Mining site

  • Trending
  • Comments
  • Latest
52-Year-old man arrested in Nsawam for possessing suspected EC Biometric Device

52-Year-old man arrested in Nsawam for possessing suspected EC Biometric Device

Ghana Airforce Z-9 Helicopter Goes Missing en Route to Obuasi, Rescue Efforts Underway

Ghana Airforce Z-9 Helicopter Goes Missing en Route to Obuasi, Rescue Efforts Underway

Asokore Mamponhene Nana Boakye Ansah passes away

Asokore Mamponhene Nana Boakye Ansah passes away

EPA CEO calls for Immediate action to restore polluted water bodies in Ashanti region

EPA CEO calls for Immediate action to restore polluted water bodies in Ashanti region

Hello world!

1
NCA promises lower data prices by year-end

NCA promises lower data prices by year-end

1
COVID-19: Information Ministry justifies GHC150K spent on staff

COVID-19: Information Ministry justifies GHC150K spent on staff

1
EC to conduct mop-up registration August 1-3

EC to conduct mop-up registration August 1-3

1
Film industry needs tax incentives to attract big production deals

Film industry needs tax incentives to attract big production deals

Accra embraces Israeli Cinema as the wedding plan captivates film festival crowd

Accra embraces Israeli Cinema as the wedding plan captivates film festival crowd

NADMO extends relief to conflict-affected communities in Bole district

NADMO extends relief to conflict-affected communities in Bole district

Tobinco Pharmaceuticals donates Air Conditioner to St. Theresa Catholic Hospital in Nandom

Tobinco Pharmaceuticals donates Air Conditioner to St. Theresa Catholic Hospital in Nandom

Facebook Twitter Youtube Instagram
Kumasi Mail

About US

Advertise With US

Submit Station

© 2024 KumasiMail.com