1D1F programme cancelled, replaced with 24-Hour Economy – Minister
Mrs. Elizabeth Ofosu-Adjare, the Minister of Trade, Agribusiness, and Industry, says the One-District-One-Factory (1D1F) Programme, a flagship initiative of the previous New Patriotic Party (NPP) government, has been cancelled.
"Mr. Speaker, I want to draw the House's attention to the fact that as of now, there is no policy as 1D1F," she said on Tuesday on the Floor of Parliament.
The minister explained that the ministry was now focusing on agro-processing parks under the 24-hour economy policy, which aimed to make Ghana's economy vibrant around the clock.
"Mr. Speaker, we are doing agro-parks, which seek to be a great game changer, especially in the agro-processing zones... to produce around the clock for import substitution, export, foreign exchange, and to create jobs for our teeming youth."
Mrs. Ofosu-Adjare made the remarks when she answered an urgent question by Mr Alexander Afenyo-Markin, the New Patriotic Party (NPP) Member of Parliament (MP) for Effutu.
The MP, also the Minority Leader, asked the Minister about specific incentives and investment promotion packages being deployed to attract private sector investment, given the cancellation of the 1D1F.
The minister noted that the policy for the 24-hour economy, which included investment packages, was under review and would be presented to Parliament when completed.
When asked about transitional measures following the cancellation of 1D1F, the minister said the ministry was in talks with stakeholders and looking at the fallout from the cancellation.
However, she attributed the cancellation to the previous administration, stating:
"Since I did not cancel the policy, I would not be in a position to give reasons why remedial measures were not given before the cancellation," she said.
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