President Nana Addo Dankwa Akufo-Addo proudly announced that the impactful One District One Factory (1D1F) initiative has successfully generated employment opportunities for 160,000 Ghanaians. This substantial achievement is spread across a network of 169 factories operating under the initiative, showcasing its wide-ranging impact on the nation’s workforce.
During the inauguration of the state-of-the-art Koforidua Sports Stadium, also known as the Youth Resource Centre, the President underscored the initiative’s success. This event marked the commissioning of the first in a series of ten such stadia with ancillary facilities, contributing to the country’s development.
President Akufo-Addo highlighted the remarkable growth in the tourism sector, with a noteworthy increase in related jobs. The sector now boasts a total of 277,985 jobs, representing a significant 10% surge compared to the previous year. Furthermore, the President emphasized the commitment to nurturing talent within the tourism value chain by providing growth training to 6,000 young individuals engaged in various roles such as cooks, security personnel, and tour guides in 2024.
In drawing parallels between different impactful initiatives, the President reiterated the success of the 1D1F initiative, emphasizing the creation of jobs for 160,000 Ghanaians through the establishment of 169 new factories. This multifaceted approach to economic development underscores the government’s commitment to widespread employment opportunities and industrial growth.
Adding to the array of initiatives, President Akufo-Addo shared insights into the YouStart program. This initiative, designed to empower the youth in building commercially viable businesses, is set to receive substantial financial support. An impressive GH¢200 million, coupled with US$150 million from the World Bank, aims to bolster youth enterprises, playing a pivotal role in alleviating unemployment challenges among the country’s youth.
The President’s commitment to economic development and youth empowerment is further exemplified by the dedicated allocation of funds to the YouStart program. This financial injection from the World Bank underscores the international recognition and support for initiatives aimed at fostering entrepreneurship and mitigating unemployment challenges.
As President Akufo-Addo continues to steer the nation towards economic prosperity, his focus on comprehensive initiatives such as 1D1F and YouStart reflects a strategic and forward-thinking approach. The multifaceted efforts aimed at job creation and youth empowerment are pivotal in shaping a sustainable and resilient future for Ghana.
In summary, President Akufo-Addo’s recent announcements not only celebrate the successes of existing initiatives but also shed light on the government’s unwavering commitment to fostering economic growth, job creation, and youth empowerment. The nation looks forward to the continued impact of these programs as they contribute to a brighter and more prosperous future for Ghana.