• 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

Government Announces Discontinuation of One-District-One-Factory Policy

2 months ago
in Business, Economy, Features, highlights, Home, home-news, latest News, Manufacturing, Markets, Trade
1 min read
0 0
0
100
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Government Announces Discontinuation of One-District-One-Factory Policy

Government has officially discontinued the One-District-One-Factory (1D1F) programme, marking a decisive shift away from one of the country’s most prominent industrialisation policies, as it pursues a new economic strategy centred on round-the-clock productivity.

Trade, Agribusiness and Industry Minister Elizabeth Ofosu-Adjare confirmed the policy’s termination in an address to Parliament on Tuesday, stating unequivocally that “there is no policy as 1D1F” and that the associated investment incentives had also been withdrawn.

Launched in 2017 by the previous New Patriotic Party (NPP) administration, the 1D1F initiative aimed to stimulate local manufacturing by establishing at least one factory in each of Ghana’s administrative districts. The policy sought to accelerate industrialisation, create jobs, and shift the economy from raw material exports towards value-added production. Its discontinuation signals the government’s intention to recalibrate its industrial policy framework amid evolving economic priorities.

Responding to questions from Minority Leader Alexander Afenyo-Markin, Mrs Ofosu-Adjare outlined the government’s new direction, highlighting the introduction of a 24-hour economy policy intended to spur continuous production and economic activity.

“The 24-hour economy policy is the new game changer which seeks to make Ghana vibrant irrespective of time,” she said, adding that the strategy would be anchored by the development of agro-processing parks aimed at import substitution, export growth, and youth employment.

The pivot comes as Ghana grapples with sluggish industrial growth, inflationary pressures, and currency volatility. The new approach is designed to attract private sector investment, particularly in agribusiness, while reducing the economy’s dependence on commodity exports.

RelatedPosts

Laud Nartey Writes on Avoiding the Oil Curse: Why PIAC Must be Rescued Under the Amended PRMA Act

Cedi Gains Against Dollar Slashed by 22% as Local Currency Ends September at GHS 12.15/$1

Public Debt Stock Pegged at GHS 628bn at End-July 2025; Circa 50% of GDP

Mr Afenyo-Markin pressed the minister for details on investment incentives under the new policy framework, particularly regarding the development of industrial parks in underdeveloped regions to mitigate investor risk.

The government’s decision reflects a broader effort to reorient industrial policy towards higher efficiency, export diversification, and job creation. However, the dismantling of the 1D1F initiative may raise concerns over the continuity and consistency of Ghana’s industrialisation agenda.

As Ghana positions itself for a post-1D1F era, the success of the 24-hour economy and agro-industrial initiatives will be key to sustaining growth and enhancing the country’s appeal to investors.

Tags: 1D1FGovernment Announces Discontinuation of One-District-One-Factory Policytrade minister

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

GCB Bank welcomes Cynthia Ofori-Dwumfuo as Chief Marketing Communications and Customer Experience Officer

MTN in Talks With US, EU Firms on African AI Data Centers Deal

Time to Regenerate: Why the Global Food Industry Should Embrace Regenerative Agriculture Now

President Mahama Launches GHS 13.85bn Big Push Infrastructure Programme to Modernise Ghana’s Roads

GSE Supports Dzorwulu Special School With Donation of New Computers, Refurbished ICT Centre

Sharpening Africa’s Edge in the Diamond Sector

Trending

Features

Laud Nartey Writes on Avoiding the Oil Curse: Why PIAC Must be Rescued Under the Amended PRMA Act

September 16, 2025

Laud Nartey Writes on Avoiding the Oil Curse: Why PIAC Must be Rescued Under the Amended PRMA...

Cedi Gains Against Dollar Slashed by 22% as Local Currency Ends September at GHS 12.15/$1

September 16, 2025

Public Debt Stock Pegged at GHS 628bn at End-July 2025; Circa 50% of GDP

September 16, 2025

GCB Bank welcomes Cynthia Ofori-Dwumfuo as Chief Marketing Communications and Customer Experience Officer

September 16, 2025

MTN in Talks With US, EU Firms on African AI Data Centers Deal

September 16, 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.