Business News of Wednesday, 9 July 2025

Source: www.ghanaweb.com

Government officially discontinues 1D1F program, shifts focus to 24-Hour Economy

Elizabeth Ofosu-Adjare is the Minister of Trade, Agribusiness and Industry Elizabeth Ofosu-Adjare is the Minister of Trade, Agribusiness and Industry

The 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 centered on round-the-clock productivity.

Speaking in Parliament on Tuesday, July 9, 2025, the Minister of Trade, Agribusiness and Industry, Elizabeth Ofosu-Adjare, announced that the 1D1F programme and its associated investment incentives had been withdrawn.

Launched in 2017 by the erstwhile Akufo-Addo 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 toward 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, 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 stated.

The minister added that the strategy would be anchored by the development of agro-processing parks aimed at import substitution, export growth, and youth employment.

SP/MA

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