One District One Factory (1D1F), a government initiative, will soon industrialize the local economy, according to Trade and Industry Minister Alan Kyerematen.
He added that the 1D1F plan would lead to the establishment of numerous industries across the nation.
His remarks follow the president’s commissioning of a Ghanaian-owned auto lubricant manufacturing firm. Nana Addo Dankwa Akufo-Addo.
The Trade Minister stated that this company, RIKPAT Company Limited, will create various automotive items for the market.
In a tweet sighted by GhanaWeb on Monday, September 5, 2022, Alan Kyerematen said, “I was pleased to join @NAkufoAddo to commission RIKPAT Company Limited, a solely Ghanaian-owned auto-lubricant manufacturing company which produces various lines of automotive products.”
“#1D1F is working to transform the Ghanaian economy into an industrialized one. More to come,†his tweet added.
President Nana Addo Dankwa Akufo-Addo earlier this year announced that 106 out of 278 factories under his government’s 1D1F initiative were operational.
He added that 148 factories were under construction while 24 were at the mobilization stage.
He made this known during the 2022 State of the Nations Address in parliament.