The 24 Hour Economy will spur DIDP- Minister for Trade, Industry and Agribusiness
The Minister for Trade, Industry and Agribusiness, Hon. Elizabeth Ofosu- Adjare has
reiterated government commitment to implement the 24-hour economy programme. She
believes that this will be a major boost to the country's import substitution and export
drive agenda.The Minister made these remarks in meeting with one of
the teams spearheading various projects and programmes at the
Ministry.
Mr. Kofi Addo, a Director at the Ministry, took the Hon.
Minister through a presentation on the One District One Factory since its implementation
in 2017.He explained the policy concept, core principles, criteria for acceptance, the
companies operating under the 1D1F, status of implementation, breakdown of the various
sectors under the program, successes chalked, challenges and the way
forward.
Mr. Kofi Addo revealed that, Ghana adopted the five development
priorities of the African Development Bank which is popularly known as
the High 5s. These are Light up and Power Africa,
Feed Africa, Industrialize Africa, Integrate Africa, and
Improve the Quality of Life for the People
of Africa. He added that the 1D1F was one of
the main components of the Government’s Industrialization Plan which among other
things was intended to create employment opportunities particularly for the youth in
rural and He called for the selection of priority sectors for the 24-Hour Economy,
the conduct of a demand assessment of raw materials for the priority sectors, and
engagement and selection of about 40 companies to start the implementation of the
24-Hour Economy.
The Minister appreciated the detailed
presentation by the Director and promised to engage the Minister for Finance in
coming days concerning the implementation of the government's Industrialization
Development Programme and the 24 hour economy.
