Pulse.com.gh logo

One-District One-Factory China to give Ghana $400m for 1D1F

The money is expected to be used to build some 22 factories across the country.

  • Published:
The Deputy Minister of Trade, Robert Ahomka-Lindsay play

The Deputy Minister of Trade, Robert Ahomka-Lindsay

The Chinese government has promised to support Ghana’s one district, one factory initiative with $ 400 million.

The money is expected to be used to build some 22 factories across the country.

The said factories will be involved in the production and processing of garments, starch, and other items.

READ ALSO: April inflation drops to 9.6%

This was revealed at the signing of a memorandum of understanding between the Chinese and Ghanaian government represented by the Trade Minister on Wednesday (May 9, 2018).

The Chinese government will be represented by the China National Building Material Cooperation (CNBM). They are also expected supply equipment and other machinery to these factories.

It is unclear if the factories will be managed or operated by Chinese.

Meanwhile, the exact date for the start of construction is also yet to be made public.

In October 2017, a Deputy Trade and Industry Minister, Robert Ahomka Lindsay said 173 factories were set to be constructed across the country by private businesses.

Mr Ahomka Lindsay said that they have received business plans mainly from the agro-processing industry.

READ ALSO: Ghana needs more pilots – Aviation Minister

“Of that 173, 46% are in agro-processing, and 36% are manufacturing,” he said, adding that 65% of the projects were expansions of existing factories that had collapsed, or were under-functioning, while 35% were entirely new projects.”

The one-district one-factory program is aimed at industrialising Ghana. It was launched by President Akufo-Addo at Ekumfi in the Central Region.

The program will see at least one factory each, built in all 216 districts across the country.

Do you ever witness news or have a story that should be featured on Pulse Ghana?
Submit your stories, pictures and videos to us now via WhatsApp: +233507713497, Social Media @pulseghana: #PulseEyewitness & DM or Email: eyewitness@pulse.com.gh.

Recommended Articles

Recommended Videos

Top Articles

1 Breaking Otabil finally breaks silence on banking controversiesbullet
2 Capital Bank Collapse Here are the roles of a non-executive board chairbullet
3 Nana Appiah Mensah Menzgold boss apologises to BoG after Twitter rantbullet
4 Investment banks in Ghana Top 5 investment banks in Ghana and why...bullet
5 Bank Collapse Capital Bank Board misused GHC 610 million from...bullet
6 Banking Crises Sahel Sahara and Omni Bank become latest to mergebullet
7 Collapse Bank Here’s what former staffs of Capital Bank are...bullet
8 Increment Fuel prices to go up again – IESbullet
9 Collapsed Banks Here are the auditing firms for the 7...bullet
10 Banks Collapse Gov’t to take action against those...bullet

Top Videos

1 Former Capital Bank staff grills pork for survivalbullet
2 Forbes 2018 Africa's billionaires rich listbullet
3 New Discovery Ghana discovers new mineral, lithium in commercial...bullet
4 Money Alert Meet Africa's richest womanbullet
5 Support Finance minister buys Kantanka carbullet
6 Plane Crash Starbow suspends operations following plane crashbullet
7 Dr Joseph Siaw Agyepong Nobody can collapse my company – JOSPONGbullet
8 Tech 6 reasons you should buy an iPhone SE instead of any...bullet
9 New Phone Nokia’s MWC 2018 event in 7 minutesbullet
10 New Phones Nokia MWC 2018 Event in 5 minutesbullet