1D1F Archives - Wontumi Online

18 Oct

Industry Sector Sees Significant Boost With 8.2 % Growth

Evans ManassehNews1D1F, Ghana, Indurty

The Year-on-Year change in the Index of Industrial Production (IIP) for the second quarter (Q2) of 2024 grew by 8.2 percent, data from the Ghana Statistical Service (GSS) has shown. By this, on average, production in the industry sector grew by 8.2 percent in 2024 on average compared to the second quarter in 2023. The IIP measures changes over time in production volumes for the industry sector. According to the GSS, the Manufacturing sub-sector grew by 8.3 percent in the second quarter of 2024 while Mining and quarrying grew by 9.2 percent in the same period. Electricity and Gas declined…

18 Jun

Government Completes One District One Warehouse At Krachi East

Wontumi1Business1D1F, Krachi East

Dambai (O/R) June 17, GNA – Government has constructed 1,000 metric ton grains receptacle under its flagship project, “One District-One Warehouse” programme in the Krachi East Municipality of the Oti Region. The said facility is to enable farmers in the Municipality store their produce to prevent post harvest losses and to help food security in the area. Mr David Ubor Nasandi, a farmer told the Ghana News Agency (GNA), that the challenges of storage and other farming activities, which used to cripple their business, would now be a thing of the past. He said the Municipality has been blessed with…

12 Mar

Afenyo-Markin Defends $449M Tax Waiver Request For 1D1F Businesses

Wontumi1Business1D1F, Tax waiver request

Majority Leader Alexander Afenyo-Markin has rebutted claims by the Minority regarding the government’s tax waiver requests for businesses under the One District One Factory initiative. Despite opposition from the Minority, who raised concerns about potential corruption and misuse of public funds over the proposed $449 million tax exemptions, Afenyo-Markin defended the initiative during his debate on the State of the Nation Address on Monday, March 11, 2024. He emphasized that tax waivers are intended to stimulate economic growth rather than constitute losses to the state. Explaining the rationale behind tax exemptions, he clarified that they serve as incentives to attract…

14 Dec

K.T Hammond Justifies Tax Exemptions To 1D1F Companies

Wontumi1Business1D1F, KT Hammond

The Trade and Industry Minister, Kobina Tahir Hammond is fighting back accusations that the government is bringing to Parliament too many tax waivers running into GH₵12 billion. According to him, government is doing nothing wrong by bringing to Parliament tax waiver requests for approval. This follows Ranking Member on the Trade and Industry Committee, Yussif Sulemana’s claim that the Minority has identified a GH₵7 billion tax exemption the government intends to introduce under the guise of One District One Factory (1D1F), while in actuality it is seeking to benefit government cronies. Whilst refusing to confirm the numbers put out by the Ranking Member,…

25 Oct

1D1F: K.T Hammond Lauds B5 Plus As It Creates 10K Jobs In 3 Years

Wontumi1News1D1F, B5 Plus, KT Hammond

A one-district, one-factory (1D1F) entity, B5 Plus Ltd., has increased employment opportunities for over 10,000 youth with different educational backgrounds since the commissioning of phase one of the modernised steel plant in 2021. With an installed capacity of 250,000 tonnes and 60,000 tonnes a year for its rolling mill and prefabricated manufacturing plant respectively, the company also exports a large portion of its products to neighbouring West African countries, saving the country approximately $100 million in foreign exchange which is so critical for economic stability and growth. B5 Plus currently produces 4,000 different lines of products for the West African market.…

17 Oct

1D1F: President Akufo-Addo Commissions Sinotruck’s Phase 2 Assembly Plant

Wontumi1News1D1F

The President of the Republic, Nana Addo Dankwa Akufo-Addo, on Tuesday, 17th October 2023, under government’s flagship 1-District-1-Factory initiative, commissioned the Second Phase of the Sinotruk Vehicle Assembly Plant, in Tema. Simultaneously, he also cut the sod for the commencement of work on the Third Phase of the Sinotruk Project, which when completed, will make Sinotruk Ghana Limited, a fully integrated automobile manufacturer in Ghana, with the capacity to supply its assembly lines with domestically manufactured components and parts. Speaking at the event, President Akufo-Addo said the commissioning of the second phase, which represents commercial production of vehicles in the…

19 Sep

1D1F: 126 Factories Now Operational, Over 160k Jobs Created- KT Hammond

Wontumi1Business1D1F, KT Hammond

The Minister of Trade and Industry, KT Hammond, has disclosed that 126 projects are currently in operation under the government’s One-District-One-Factory policy. According to him, about 300 established companies are also at the various stages of completion, actively taking part in the supply chain. Addressing the Ghana Industrial Summit and Exhibition 2023, on September 18, organise by the Association of Ghana Industries, KT Hammond, highlighted a number of direct and indirect jobs One-District-One-Factory has provided. “Over 60% of the companies under the One-District-One Factory initiative operating under my ministry, are developing all, implementing similar programmes, which account for the bulk…

15 Jun

1D1F: Alan Did Not Lie On Number Of Factories – KT Hammond

Wontumi1Business1D1F, Alan Kyeremanten

Minister of Trade and Industry Kobina Tahir Hammond has said his predecessor, Alan Kyerematen did not lie in his comment on the number of factories under the One District One Factory (1D1F) programme that received money through the Exim Bank. The Adansi-Asokwa lawmaker said there was no lie in what Mr Kyerematen put out. Speaking on the Ghana Tonight show with Alfred Ocansey on TV3 Wednesday, June 14, he explained “Sometime in 2022, my predecessor Alan Kyerematen was asked specific questions in Parliament, about how much money has been facilitated or spent by the government through this specification. At that…

09 Aug

1D1F: President Akufo-Addo Inspects GH¢9.2 Million Yam/Cassava Factory In Bimbilla

Wontumi2Featured, News1D1F, akufo addo, Bimbilla

The President of the Republic, Nana Addo Dankwa Akufo-Addo, on Tuesday, 9th August 2022, visited Global Almas Processing Ltd, a yam and cassava processing factory located in Bimbilla, in the Northern Region. Taking the President on a tour of the factory, the Deputy Minister for Trade and Industry and Member of Parliament for New Juaben South, Hon. Michael Okyere Baafi, indicated to the President that the company has taken advantage of the available local raw materials in the Nanumba and surrounding areas to process yam and cassava flour for both domestic and foreign markets. According to the Deputy Minister, Global…

06 Oct

1D1F: President Akufo-Addo Commissions Gh¢6.2 Million Shoe Manufacturing Factory

Kakra NunuBusiness, District Diaries, Featured1D1F, Shoe Fabriek

The President of the Republic, Nana Addo Dankwa Akufo-Addo, on Wednesday, 6th October 2021, commissioned ‘Shoe Fabriek Ltd.’, the GH¢6.2 million shoe manufacturing company operating under Government’s 1-District-1-Factory initiative. The state-of-the-art factory is fitted with the requisite infrastructure and equipment capable of producing 800 pairs of high-quality shoes, including security boots, school shoes and casual shoes for men, women, and children, per day. According to the promoters of the project, the siting of the factory in the Akuapem North District is going to create jobs for the residents, which will help reduce rural-urban migration. Shoe Fabriek has, so far, created jobs for one hundred and forty-four…