Pulse.com.gh logo

One District, One Factory Oil processing factory to be constructed in Akwatia

A Japanese delegation visited the Dekyembuor District in the Eastern region to sign a Memorandum of Understanding (MoU) between the district and the Japanese group.

  • Published:

An oil processing factory will be constructed in Akwatia in the Eastern Region under the one district, one factory program of the Nana Addo-led government.

This will be done by the Japanese government.

This was disclosed when a delegation of Japanese investors from CDC Company held a meeting with authorities and other stakeholders of Denkyembour.

READ ALSO: FDA says Ghana is safe

The two parties signed a Memorandum of Understanding (MoU) to allow for the beginning of the project.

An Economic Advisor from the office of the President Dr Kwadwo Samuel Frimpong led the Japanese delegation to Akwatia.

He said government focuses on creating private partnerships which will create jobs for the growing unemployed youth.

The District Chief Executive (DCE) of Denkyembour District signed the MoU on behalf of the District.

It was witnessed by the Member of Parliament (MP) for Akwatia, Mercy Adu Gyamfi.

READ ALSO: There are too many banks in Ghana – Barclays MD

All stakeholders present were happy a project from the government initiative was to be implemented in the area.

The chief of Akwatia Osabarima Kofi Boateng III said the land was available for the project to be implemented.

The DCE was optimistic the factory will ensure residents in the district make more income after completion.

However, the Director of Oil Palm Research Institute (OPRI), Sylvester K Derry, said the raw material base should be secured for a successful running of the factory.

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 Bank Collapse Capital Bank Board misused GHC 610 million from BoG –...bullet
4 Investment banks in Ghana Top 5 investment banks in Ghana and why...bullet
5 Collapse Bank Here’s what former staffs of Capital Bank are...bullet
6 Banks Collapse Accounts of defunct Royal Bank managers frozenbullet
7 Nana Appiah Mensah Menzgold boss apologises to BoG after...bullet
8 Banking Issues "Collapsed banks didn't fail; they were...bullet
9 IMANI Boss Attacking Otabil over Capital Bank collapse...bullet
10 IMANI Boss Otabil may have been ‘misled’ in Capital...bullet

Top Videos

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