Ghana grants import duty waivers to 36 investors

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President Akufo-Addo
President Akufo-Addo

Ghanaian President Nana Addo Dankwa Akufo-Addo said late Thursday that his government had granted import duty waivers to 36 companies under the country’s flagship industrialization program.

Commissioning a new factory in the Ashanti Region, Akufo-Addo said the import duty exemptions to the 36 companies, under the One District One Factory (1D1F) program cost the country a total of 435 million Ghana cedis (74.9 million U.S. dollars).

He said some of the beneficiary companies were in agro-processing, ceramics manufacturing, hardware manufacturing, and vehicle assembly.

“Prospective companies desirous of establishing such ventures under the 1D1F initiative are assured of the government of Ghana’s unwavering support,” the president said.

He said the government would support private sector initiatives such as Premier Foods to become globally competitive and take advantage of market integration frameworks under the African Continental Free Trade Area initiative. Enditem

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