The Minister of Trade & Industry, Hon. Alan Kwadwo Kyerematen, on Friday, September 5, 2018, paid a working visit to the Sinotruck Assembling Plant in Tema which is under the 1D1F initiative.
The visit was to familiarize himself with the progress of work of the Chinese firm so as to get first hand information if any, about the challenges they are facing in order to assist them.
The Chinese owned company Sinotruck is expected to assemble heavy duty trucks for the Ghanaian and ECOWAS markets, and would employ over 250 technicians and engineers when fully operational.
It would be recalled that ahead of the 2016 general elections, the New Patriotic Party under the leadership of the flagbearer Nana Addo Dankwa Akufo-Addo promised to develop a framework to support the private sector to set up at least one medium to large scale enterprise in every district of Ghana.
The concept of the One District One Factory (1D1F) is designed to transform the industrial landscape of the country and build the capacities of local enterprises to produce high quality products and services for both the local and foreign markets.
The programme is private sector-led and open to both local and foreign investors. Partnerships between local and foreign investors are encouraged.
The Government’s primary role is facilitation and support in the form of incentives, access to financing as well as access to infrastructure. And Government can as well partner a private sector investor to sponsor a one district one factory (1D1F) project under a PPP arrangement.
It is not only new projects that can be classified as 1D1F enterprise. Existing projects that are seeking to expand their operations and which fit within the 1D1F framework can be adopted as 1D1F enterprises.
By Sammy Adieu, newsghana.com