As part of his two-day tour of the Central Region and part of his annual working visits to the sixteen (16) Regions of the country, Nana Akufo-Addo is expected to commission Central Oil Mills, a company operating under Government’s 1-District-1-Factory initiative, located in Assin Jukwa in the Central Region.
He will also commission a lubricant factory, also under the 1D1F initiative, at Gomoa Akotsi Fetteh Junction in the Gomoa East constituency and the tour will begin on Monday, 18th, and Tuesday, 19th October 2021.
Central Oil Mills (COM), an oil palm processing factory, is supported by the Ghana EXIM Bank under the President’s IDIF initiative.
It Specialties is Agro-processing of palm products into palm oil and other allied products., General oil palm farming, and Exports of palm & Allied products and seeks to strategically set up processing facilities within the catchment areas in the region and the district in particular where oil palm farms/plantations are available to support farmers with affordable, easy, accessible and value-added services to prevent post-harvest losses.
As of 2021, 278 1D1F projects are in various stages of implementation under the 1D1F Initiative. Out of this number, 104 are currently in operation, 150 are under construction, and 24 are at the mobilization stage.
One hundred and sixty-five (165) out of the 278 are new projects representing 60% whilst 113 companies are existing projects being supported, representing 40%.
In promoting the 1D1F initiative, the Akufo-Addo Government is seeking to address the youth unemployment challenge, by attracting private sector investments into the development activities of these communities.
Source: Mybrytfmonline.com/Kofi Atakora