Local news

Gov’t Phases Out 1D1F, Prioritises Agro-Processing Parks Under 24-Hour Economy Plan

The government has officially ended the One-District-One-Factory (1D1F) policy, shifting its industrialisation focus to agro-processing parks under the 24-hour economy framework.

Trade, Agribusiness, and Industry Minister Elizabeth Ofosu-Adjare confirmed the move while addressing Parliament on Tuesday, July 8, 2025. She stated that the 1D1F initiative, a flagship programme of the previous New Patriotic Party (NPP) government, is no longer in effect and does not offer any incentives.

“Mr Speaker, I wish to inform the House that the 1D1F policy no longer exists,” she said in response to a question from Minority Leader Alexander Afenyo-Markin, who had sought clarity on the investment incentives being offered following the policy’s termination and the strategies in place to encourage private sector investment in less-developed areas.

Afenyo-Markin also questioned whether the Ministry was considering the creation of new industrial parks as part of its revised strategy. In response, the Minister highlighted the government’s pivot toward the 24-hour economy — a flagship initiative of the current administration aimed at ensuring continuous economic activity and productivity at all hours.

“The 24-hour economy is the new transformative policy designed to keep Ghana economically active around the clock,” Ofosu-Adjare explained.

As a key component of this initiative, she announced the development of agro-processing parks, which are intended to drive job creation, boost export capacity, reduce imports, and generate foreign exchange.

“These agro-parks will be central to our efforts to ensure round-the-clock production, especially in agro-processing zones, and will support our goal of value addition in agriculture,” she added.

The 1D1F policy, introduced in 2017, was designed to establish a factory in every district to support industrial growth and reduce dependence on raw material exports. With its phase-out, the government is now realigning its industrial policies to support broader economic transformation through innovation and sustained productivity.

Share
MasemTV Newsroom

Recent Posts

U.S. Embassy in Accra to roll out FIFA Pass for 2026 World Cup visa applicants

The United States Embassy in Accra has announced plans to introduce a new arrangement aimed… Read More

7 hours ago

IEA poll shows most Ghanaians confident Ghana is on the right path

A new nationwide survey by the Institute of Economic Affairs (IEA) indicates that most Ghanaians… Read More

7 hours ago

Star Oil withdraws from COMAC over disagreement on fuel price floor

Star Oil Limited has announced the immediate suspension of its membership in the Chamber of… Read More

8 hours ago

NAIMOS hits galamsey communities in Tano North district of the Ahafo Region

NAIMOS has intensified its fight against illegal mining at some parts of the Ahafo Region,… Read More

2 days ago

Ken Ofori-Atta Expected in U.S. Court Today Over Immigration Matter

Former Finance Minister Ken Ofori-Atta is scheduled to appear before a court in the United… Read More

2 days ago

Avoid Hasty Removal of Fuel Price Floor – Lamtiig Apanga Warns Government

The Deputy Chief Executive Officer of the Gaming Commission of Ghana, Lamtiig Apanga, has advised… Read More

2 days ago