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1D1F: PRESIDENT AKUFO-ADDO COMMISSIONS GH¢6.2 MILLION SHOE MANUFACTURING FACTORY
The President of the Republic, Nana Addo Dankwa Akufo-Addo, on Wednesday, 6th October 2021, commissioned ‘Shoe Fabriek Ltd.’, the GH¢6.2 million shoe manufacturing company operating under Government’s 1-District-1-Factory initiative.
The state-of-the-art factory is fitted with the requisite infrastructure and equipment capable of producing 800 pairs of high-quality shoes, including security boots, school shoes and casual shoes for men, women, and children, per day.
According to the promoters of the project, the siting of the factory in the Akuapem North District is going to create jobs for the residents, which will help reduce rural-urban migration.
Shoe Fabriek has, so far, created jobs for one hundred and forty-four (144) people in the district, and is a classic example of the import substitution programme being implemented by the Ministry of Trade and Industry, as part of the 1D1F Initiative.
President Akufo-Addo congratulated the promoters of the factory, Michael Asare Bediako, Opoku Benson and Salomey Gyamfi, for supporting the industrial transformation agenda of his administration.
Whilst encouraging Ghanaians institutions, such as schools, to patronize made in Ghana shoes from this factory, the President expressed gratitude to the traditional authorities and the residents of the community for their unflinching support to the company, and advised the workers to put in their best to ensure sustained growth of the company.
As of September 2021, 278 1D1F projects are at 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.
Adukrom-Nkurakan Road 30% complete
The President also inspected ongoing work on the reconstruction of Nkurakan – Adukrom – Trom Junction Road. This bituminous road has not seen any major intervention for a very long, as such the road is narrow and in poor condition.
The road was awarded on 23rd December 2020 to Messrs. General Construction & Development Limited, with work commencing on 19th July, 2023.
It is expected that, when the road is completed, it will bring relief to both motorists and pedestrians. It will reduce vehicle operating cost and reduce travelling time and facilitate the movement of goods and services. It will also serve as alternative link to Koforidua, the regional capital when coming from Mamfe.
The Africa Investment Network has entered a new partnership with 17 Asset Management to expand investment opportunities for Africans in the diaspora.
The two organisations will work together to open more pathways for diaspora investors, provide better data on markets, and connect investors to viable projects across the continent.
The partnership will focus on mapping investment opportunities across countries and sectors, building a Diaspora Pathways Program to guide new investors, and creating a shared research platform that provides market insights, returns benchmarks, regulatory updates and sector outlooks.
The two groups will also develop a trade and deal catalogue to help match businesses with partners.
As part of the collaboration, both institutions will host investment roadshows through the Global Africa Summit series, starting with GAS Accra from December 11 to 12 at the Alisa Hotel.
The event will showcase deals, hold sector briefings and connect investors with government and private sector actors.
Africa Investment Network founder and Chief Executive Jane Reindorf Osei noted that diaspora capital remains one of Africa’s strongest advantages because it is patient, purpose driven and closely linked to local development outcomes.
She explained that the partnership will help direct more diaspora investment into areas where it can make the most impact.
Chairman of 17 Asset Management, John Morris, highlighted that the joint effort will blend strong investment design with Africa Investment Network’s networks and convening power.
He stressed that improved research and compliant market access will give diaspora investors more confidence across different markets.
The two institutions will open their diaspora investment platform in the second quarter of 2026, followed by the launch of a co investment window.
Investment roadshows will also be held in North America, the Caribbean and key African centres next year.
Africa Investment Network and 17 Asset Management invited governments, development finance institutions, family offices, asset managers and other partners to support deal creation, risk sharing and market building initiatives aimed at boosting diaspora participation.
By: Jacob Aggrey
Government Communications Minister Felix Kwakye Ofosu insists that neither President Mahama nor the National Democratic Congress has filed any petition seeking the removal of the Electoral Commission Chairperson and her two deputies.
In a one on one Interview with GHone, he explained that the President only forwarded petitions he received, as required by law, and has not initiated any action against the EC leadership.
According to him, the identities and motives of the petitioners remain unknown to government, and the Presidency is not involved in that part of the process.
Mr Kwakye Ofosu stressed that while the NDC has openly disagreed with some actions of the Electoral Commission in the past, the party has not submitted any petition asking for the removal of the EC Chair or her deputies.
He noted that comments by the NDC National Chairman, Johnson Asiedu Nketiah, questioning the EC’s competence, do not amount to a formal petition.
He added that criticism of public officials is normal and does not automatically translate into a request for their removal.
Mr Kwakye Ofosu explained that once a petition is received, the President’s only role is to forward it to the Chief Justice.
The Chief Justice then decides if the allegations have merit. If they do, a committee is set up to investigate.
He said those named in the petitions will be officially informed by the Chief Justice, not the Presidency.
They will then have the opportunity to appear before the committee, respond to the claims, and provide any evidence in their defence.
Mr Kwakye Ofosu expressed confidence that the process will be fair and will protect the rights of all those involved.
By: Jacob Aggrey
