Connect with us

News

Here are the factories commissioned, revamped under 1D1F in two months

Published

on

President Nana Addo Dankwa Akufo-Addo has in the past two months commissioned some factories under his government’s flagship programme, 1 District 1 factory initiative.

Some of the factories were built from scratch while others were revived from their almost dead state.

GhanaWeb in this article outlines the 7 factories President Akufo-Addo commissioned during his regional tour of the nation beginning September to now.

Rubber factory

President Akufo-Addo on September 3, 2021, commissioned a $2.1 million rubber processing plant at Wassa Dompim in the Western region.

The Ghanaian owned rubber company, Narubiz Rubber Factory has the capacity to process 20 tonnes of rubber a day and 6240 tonnes a year.

The rubber can be exported to foreign countries like Malaysia, Turkey and Hong Kong.

The income generated from this export amounts to $9.6 million.

Phase 3 KEDA Ceramics Factory

During the president’s tour of the Western region four months ago, he opened Phase 3 of KEDA ceramics factory.

The factory has employed 7,000 people both directly and indirectly, according to reports.

The ceramics factory currently exports 60% of the tiles produced on the West African market.

Rice Factory

A 6.7 million rice processing factory was commissioned at Sefwi Akontombra in the Western region on September 5, 2021.

It produces between 1.5 to 2.8 tonnes of processed rice in one hour.

Reports say 118 people have been employed so far and over 600 farmers from the Akontombra district have been engaged to supply paddy rice for processing.

Cassava factory

CH Global Limited, a cassava and yam processing factory was commissioned by the President on September 9, 2021, at Addo Nkwanta in the Krachi East District of the Oti region.

The facility is expected to process yams into frozen chips and yam balls.

The first phase of the project aims at processing 120 yams per hour. This means that 216,000 tubers of yam will be processed for yam chips and yam balls in a year.

Phase 2 of the project is expected to commence in 2022.

Darko Farms

During President Akufo-Addo’s tour of the Ashanti region, he visited the oldest and largest private poultry farm in Ghana, Darko farms.

The government pumped GH¢18 million into the poultry farm to revamp the almost dead company.

The financial support, which was channelled through the Ghana EXIM Bank, followed the inclusion of the company in the 1 District 1 Factory (1D1F) programme.

The company, which faced operational challenges due to financial constraints prior to the capital injection was due for an additional GH¢4 million, to enable it expand and produce at maximum capacity.

Garment factory

A garment factory located in Koforidua was revamped on October 5, 2021.

Maa Grace Company Limited specializes in the production of utility clothing, uniforms for security forces, hospital scrubs, uniforms for hotels, schools and the production of standardized uniforms.

Shoe Factory

President Nana Addo Dankwa Akufo-Addo, on Wednesday, October 6, 2021, commissioned Shoe Fabriek Ltd.

The GH¢6.2 million shoe manufacturing company operating under Government’s 1D 1F initiative.

It is 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, according to reports, has, so far, created jobs for one hundred and forty-four (144) people in the district.

Source: www.ghanaweb.com

Eye witness to any social issue,occurrence or any form of information you would like to share,kindly send us a report via email : editor@modernnewsgh.com or via Phone +233246319949

Business

Private sector has capacity to absorb youth job seekers – Oppong Nkrumah

Published

on

Minister for Information, Kojo Oppong Nkrumah, has reiterated that the private sector has the capacity to absorb the country’s teeming youth seeking for job opportunities.

According to him, even though a vibrant public sector can provide some number of employments, the main purpose of the government is to create an enabling environment for entrepreneurs to flourish in the private sector.

He argued that even the most efficient public service cannot be a substitute for the role that the private sector and entrepreneurship play in helping answer the questions of economic fortunes as a nation.

“Orienting our people, that it lies within our own hands to innovate, develop technologies and solutions that make our society better off, as against waiting for an expansion of the public sector to accommodate all our interests, is a challenge which however we have not met very well as a nation.

If entrepreneurship, private business, innovation and technology is what will be a most significant pillar in economic recovery, then our best energies, our best attention, must be directed there,” Mr. Nkrumah made this remark at the opening ceremony of Day-2 of the Ghana Economic Forum (GEF) in Accra organized by the B&FT.

He explained that entrepreneurship is the most significant instrument that can get the majority of the people, particularly the young, economically engaged and rewarded, thereby, calling for a renewal of the mindset and encouraging the youth to venture into it and take advantage of the good policies initiated by the government.

The information minister further said that entrepreneurship, when taken seriously, will enable the country build its own products and services, thereby, increasing exports to improve the balance of payment position of the economy.

Making some recommendations, Mr. Nkrumah said the conversations around entrepreneurship, its prospects, resolving its bottlenecks and highlighting its rewards must be mainstreamed as one of the most important conversations in this country.

He advised that public conversations on traditional media, digital media and all other platforms must reflect what citizens believe is the most important value driver for economic transformation.

“We cannot spend all our times discussing allegations and suspicions of one another. We cannot spend all our time comparing pastors, debating partisan political positions, and for the younger ones, we cannot spend all our time amplifying social media beefs and expect that entrepreneurship will gain its pride of place”.

He added that to stem entrepreneurship in the minds of the youth, the education system should include entrepreneurship in the curricular of every level of schooling.

“My point is that whatever we choose to include in academic curricular, one field of academic work which I believe should now be taught across all levels of education as a core subject just like literacy, numeracy and science, is entrepreneurship. So that no matter what else a Ghanaian child has studied, he / she is also equipped with the basic orientation to use that technical knowledge even in building on their own, a business out of it,” he said.

Mr. Oppong Nkrumah, however, stressed the need for government to step up its efforts in promoting entrepreneurship, despite programmes that are already in existence to achieve the purpose.

“I believe we all can agree that looking at the enormity of the challenge ahead, we need to quadruple our efforts as a country at the minimum. We need to provide avenues for more technical support, patient capital and paradigm orientation if truly we want to see more young people take up entrepreneurship. Government policy, must be bolder and larger and more focused in support of growing entrepreneurship in Ghana and indeed across the continent,” he said.

Source: thebftonline.com

Eye witness to any social issue,occurrence or any form of information you would like to share,kindly send us a report via email : editor@modernnewsgh.com or via Phone +233246319949
Continue Reading

Local

E/R : Police arrest notorious armed robbery and murder suspect in Adeiso

Published

on

The Eastern Regional Police Command has arrested Godstrong Tettey, a dangerous armed robber and murder suspect at Adeiso in the Eastern Region.

According to the police, the suspect has been on their wanted list for numerous crimes in the past few years.

In a statement on social media, Police intelligence led to his capture at Adeiso and items retrieved include two pump action guns, one locally manufactured pistol and one new foreign-manufactured pistol.

“The operation forms part of the Police Administrations’ resolve to weed out criminals from our society. Such intelligence-led preventive policing and strategic operations will continue”, the statement also said.

Godstrong Tettey had become notorious when he was seen in a widely circulated video on social media, brandishing a pistol.

He has been involved in alleged murder, car-snatching cases and violent landguard activities.

Eye witness to any social issue,occurrence or any form of information you would like to share,kindly send us a report via email : editor@modernnewsgh.com or via Phone +233246319949
Continue Reading

Local

Transport fares to go up by Monday

Published

on

Transport fares are expected to go up by Monday, October 25, according to the Ghana Private Road Transport Union (GPRTU).

The percentage at which the increment would be done is immediately not known but according to the Union, it is as a result of the fuel price increment.

The Industrial Relations Officer of GPRTU, Accra branch, Alhaji Abass Imoro, said they have met with the Transport Ministry on the issue and the only thing left for them is to increase the fares by next week.

“The rate at which our fuel prices are increased, I don’t want to preempt anything because there could be another increment soon,” he stated.

Earlier, the Union had warned that it would soon consider increment in transport fares should the current trend of fuel price increments continue.

The Union noted that at the last increments in transport fares, they had projected up till December, 2021 for any varying decision but the rate at which fuel products are being increased arbitrarily, they may be compelled to increase it before December.

Effective Sunday, October 17, a litre of fuel cost GH¢6.80 at some oumps, a situation which has caused many a Ghanaian anxiety.

Reacting to the issue on 3FM’s Sunrise on Wednesday to host Alfred Ocansey, Alhaji Imoro said “do not blame us if we increase it”.

“Government came up with a sharing policy and we have done our part but they have not. So, hopefully, by next week, we shall increase transport fares.”

Alhaji Imoro said “as we speak now, those who are not in any union have increased their fares. The floating trotro drivers have increased their fares”.

Energy expert Kojo Poku said “the government is not taking the impact of fuel price increase seriously”.

He said all the levies on fuel products have transferred unto the consumer, making life difficult for Ghanaians.

Mr. Poku urged the media to prevail on the Finance Ministry to render accounts to the people of Ghana on the stabilization levy.

“The Finance Ministry must account for the GH¢1.26 billion Price Stabilization Levy”.

Eye witness to any social issue,occurrence or any form of information you would like to share,kindly send us a report via email : editor@modernnewsgh.com or via Phone +233246319949
Continue Reading

Connect With Us

Our Facebook Page

Trending 🔊

Copyright © 2019-2021.All Rights Reserved.Built & Managed by The Modern Group