Summary: The proposed 24-hour economy could help resolve persistent raw material shortages that have hampered the government’s One District, One Factory initiative, according to the Minister-Designate for Trade, Agribusiness, and Industry Elizabeth Ofosu-Adjare. Integrating agribusiness with commercial contract farming would ensure a steady supply of raw materials to manufacturing enterprises, she said.
The government’s proposed 24-hour economy could be the catalyst needed to revive the faltering One District, One Factory (1D1F) initiative, according to Elizabeth Ofosu-Adjare, Minister-Designate for Trade, Agribusiness, and Industry.
Ms. Ofosu-Adjare, during her vetting before Parliament‘s Appointment Committee, said the persistent raw material shortages hindering the 1D1F programme could be resolved through the adoption of the 24-hour economy strategy.
“The solution lies in the 24-hour economy policy,” she stated, noting how the integration of agribusiness with commercial contract farming would ensure a steady supply of raw materials to manufacturing enterprises.
Under the 24-hour economy envisioned by President John Mahama, businesses would operate continuously, benefiting from improved logistics, tax incentives, and industrial collaboration. Factories participating in the initiative would secure raw materials through agribusiness partnerships, addressing one of the primary challenges that have constrained the success of the 1D1F programme since its launch in 2017 under former President Nana Akufo-Addo.
Ms. Ofosu-Adjare stressed that Mahama‘s policy framework would rectify inefficiencies in the country’s industrial landscape, enabling the country to overcome resource bottlenecks and foster value addition, export growth, and economic diversification.
“The 24-hour economy offers an opportunity to not only address immediate challenges but also pave the way for broader structural reforms,” she said.
Last Updated on June 20, 2025 by samboad
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