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The President of the Republic, Nana Addo Dankwa Akufo-Addo, on Tuesday, 13th April 2021, commissioned Phase One B5 Plus Steel Plant, an enterprise operating under Government’s One-District-One-Factory (1D1F) initiative.

According to President Akufo-Addo, “this plant is a concrete manifestation that the new paradigm of economic development, which this administration has been vigorously pursuing since 2017, of insisting on value-addition industrial activities within a conducive and business-friendly environment, is making headway.”

Addressing the gathering at Larkpleku, near Prampram, in the Greater Accra Region, the President noted that every year, some 350,000 students graduate from tertiary institutions across the country, and join the labour market in search of jobs, in addition to the thousands and thousands of apprentices and other non-graduates also in the search for employment.

He, thus, noted that came into office, in 2017, with a clear appreciation of the fact that, “unless we industrialise, with the goal of adding value to our primary products, we cannot create the necessary numbers of high-paying jobs that will address this grave problem of unemployment, as well as enhance the living standards of the mass of our people.”

President Akufo-Addo continued, “That is why Government took steps to roll out the 1D1F initiative. The seventy-six (76) factories operating under this initiative have so far employed some 139,000 people, who, hitherto, would have been at home twiddling their thumbs, with no hope in sight.”

He was, therefore, confident that when all 1D1F projects come on stream, some 285,000 more Ghanaians will get direct jobs, as the 1D1F policy has the potential to absorb many more young graduates into well-paying, sustainable jobs within their district, municipal or metropolitan areas.

“What we are witnessing here today in Larkpleku is a true reflection of the benefits of the 1D1F policy, i.e. the creation of thousands of direct and indirect jobs, and the expansion of value-addition activities in the country. It is gratifying to note that the company is converting scrapped metal, gathered from across the country, into building materials which is feeding the construction industries in Ghana and the ECOWAS Region”, he said.