Browsing: One-District-One-Factory (1D1F) initiative

Ghana President Nana Addo Dankwa Akufo-Addo has commissioned an $80 million steel manufacturing company in Ghana.

The company which will be operating under the government’s One District One Factory (1D1F) initiative was inaugurated on Tuesday, April 13, 2021. This is the first phase of the steel company, which is owned by B5 Plus Steel.

Speaking at the inauguration ceremony, President Nana Akufo-Addo said that the commissioning of the plant was a concrete manifestation that the new paradigm of economic development, which his administration has been vigorously pursuing since 2017, of insisting on value-addition industrial activities within a conducive and business-friendly environment, is making headway.

He reiterated his administration’s continued commitment to providing strategic support to companies and enterprises operating in Ghana.

The president also took to his social media handles to post the news about the project.

“On Tuesday, 13th April 2021, I commissioned Phase One of the B5 Plus