Minister-designate for trade, agribusiness and industry, Elizabeth Ofosu-Adjare has described how President Mahama’s 24-hour economy will provide solutions to the One District, One Factory (1D1F) initiative by former President Akufo-Addo.
Answering questions from the Appointment committee during her vetting, Ofosu-Adjare noted that inadequate raw materials for factories under the IDIF initiative was a key factor hindering the success of the initiative.
She explained that with the introduction of President John Mahama’s 24-hour economy policy during her administration, the challenges experienced by the IDIF initiative will be dealt with.
“I see the solution in the 24-hour economy because in the policy businesses are going to receive economy, agribusiness will play a key role where there will be commercial contract farming which will solve the raw material problem to a very large extent.
“These factories I’m sure will sign on the 24-hour economy and get the benefit of raw materials, tax holidays, etc,” she stated.
