Vision1 FM                       Light FM                         Light TV

ADB pledges GHC200m to One-District-One-Factory project

The Agricultural Development Bank (ADB) Limited has pledged GHC200 million to support the One-District-One-Factory (1D1F) initiative by the government, which seeks to industrialise the Ghanaian economy.

 

 

“The 1D1F is a very good initiative by the government to transform our economy from a service based to a more industrial focused economy where we can produce enough for both local and international markets and create the much-needed jobs across the various sectors,” remarked Dr John Kofi Mensah the Managing Director of ADB.

 

The board’s decision to support the initiative was taken following the bank’s lead role in supporting several government initiatives in the past and was hopeful this support will help accelerate the full implementation of the 1D1F.

 

“As an agric-focused bank, we believe that supporting producers of raw materials for the factories will ensure that these factories run efficiently at full capacity and keep these jobs in the towns and villages instead of straining the already stretched urban areas,” Dr Mensah said.

 

ADB, therefore, adds to a growing list of banks, development finance institutions, private investors and sovereign nations that have pledged support to the project that seeks to create a million jobs across the country.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Source: thebftonline.com

More Lifestyle..

Google has just made it harder for you to steal photos from Google Images Google has just made it harder for you to steal photos from Google Images 2018-02-16 - Google's just made a rather subtle change to its image search...
IES slams ‘insignificant’ 2% Special Petroleum Tax reduction  IES slams ‘insignificant’ 2% Special Petroleum Tax reduction 2018-02-16 - A senior Analyst at the Institute of Energy Security [IES], Richard...
Ten tips on how to become irresistible to a man  Ten tips on how to become irresistible to a man 2018-02-15 - Want your man to desire you more than any other girl? This article...
2018 WAFU Cup: Black Queens coach Mercy Tagoe upbeat despite opening day defeat to Ivory Coast 2018 WAFU Cup: Black Queens coach Mercy Tagoe upbeat despite opening day defeat to Ivory Coast 2018-02-15 - Interim coach of the Black Queens Mercy Tagoe is upbeat about...
January Inflation declines to 10.3% January Inflation declines to 10.3% 2018-02-14 - Inflation rate for January has seen a decline to 10.3 percent...