• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

24-Hour Economy Positioned to Revive Ghana’s Struggling 1D1F Initiative – Trade Minister-Designate Says 

9 months ago
in Business, Economy, Features, highlights, Home, home-news, latest News, Trade
1 min read
0 0
0
156
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

24-Hour Economy Positioned to Revive Ghana’s Struggling 1D1F Initiative – Trade Minister-Designate Says 

Minister-Designate for Trade, Agribusiness, and Industry, Elizabeth Ofosu-Adjare, has identified President John Mahama’s proposed 24-hour economy as the key to addressing structural challenges facing the One District, One Factory (1D1F) initiative.

Speaking during her vetting before Parliament’s Appointment Committee, Ms Ofosu-Adjare highlighted that a persistent shortage of raw materials has hampered the 1D1F program, which was introduced in 2017 by former President Nana Akufo-Addo to transform Ghana into a manufacturing-led economy.

“The solution lies in the 24-hour economy policy,” she explained, emphasizing that agribusiness, underpinned by commercial contract farming, would guarantee consistent raw material supplies.

“These factories will sign onto the 24-hour economy and benefit from raw materials, tax holidays, and other incentives,” she added.

Mahama’s 24-hour economy policy envisions a system where businesses operate continuously, supported by enhanced logistics, agribusiness integration, and industrial synergies.

Ms Ofosu-Adjare argued that this framework would address inefficiencies in Ghana’s industrial landscape, particularly the resource bottlenecks that have constrained the 1D1F initiative.

RelatedPosts

Elon Musk Could Leave Tesla if $1 Trillion Pay Plan is Rejected, Board Chair Warns

Dangote Seeks $5bn Afreximbank Loan for Refinery Expansion

BoG to Use Cedi@60 Celebration to Curb Dollarisation, Promote National Pride

Despite creating several manufacturing enterprises, the 1D1F program has faced significant operational challenges, raising concerns about its sustainability and impact. Ms Ofosu-Adjare underscored that Mahama’s strategy would not only mitigate these issues but also drive broader economic benefits, fostering value addition and export growth.

The proposal signals a renewed push to leverage policy innovation in addressing long-standing industrial challenges in Ghana, while also setting the stage for deeper structural reforms in the economy.

Tags: 1D1F24-hour economy24-Hour Economy Positioned to Revive Ghana’s Struggling 1D1F Initiative - Trade Minister-Designate Says

Leave a Reply Cancel reply

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

I agree to the Terms & Conditions and Privacy Policy.

No Result
View All Result

Highlights

Banks Write Off GHS 1.05bn as Bad Debt 

Finance Minister to Present 2026 Budget on November 13

TotalEnergies Says Mozambique LNG Now Needs Extra $4.5 Billion After Four Year Halt

Russian Automakers Move to Challenge Asian Rivals in Africa With Local Assembly Rollout

BoG Projected to Further Ease Policy Rate by 2.5-3% as Inflation Returns to Target Band

Domestic Debt Market: Gov’t Plans to Reopen DDEP Instruments, Raise GHS 75.7 Billion in Final Quarter of 2025

Trending

Business

Elon Musk Could Leave Tesla if $1 Trillion Pay Plan is Rejected, Board Chair Warns

October 27, 2025

Elon Musk Could Leave Tesla if $1 Trillion Pay Plan is Rejected, Board Chair Warns Elon Musk...

Dangote Seeks $5bn Afreximbank Loan for Refinery Expansion

October 27, 2025

BoG to Use Cedi@60 Celebration to Curb Dollarisation, Promote National Pride

October 27, 2025

Banks Write Off GHS 1.05bn as Bad Debt 

October 27, 2025

Finance Minister to Present 2026 Budget on November 13

October 27, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.