Akufo Addo Commissions GHS10M Cassava And Yam Processing Factory In Krachi East

Akufo Addo Commissions GHS10M Cassava And Yam Processing Factory In Krachi East

 

 

The President, Akufo Addo on Thursday, 9th September 2021, commissioned CH Global Limited, a cassava and yam processing factory operating under Government’s 1 District 1 Factory initiative, located at Addo Nkwanta, in the Krachi East District of the Oti Region. With support from Ghana EXIM Bank to the tune of GH¢10 million,

 

the facility will process yam into frozen chips and yam balls, under the brand name CH Foods, and will take advantage of available local raw materials in catchment area. The first phase of the project is also estimated to process an average of 120 tubers of yam per every hour, resulting in 60 bags of processed frozen yam chips and

 

 

 

 

yam balls, requiring an annual production of 216,000 tubers of yam. The implementation of phase two of the project, which is scheduled to start in the 2022, will also introduce a cassava processing line for the production of cassava fries and snacks, with a capacity to process some 700 metric tons of cassava per year. Promoters

 

 

told President Akufo Addo that some 254 people will be employed by the factory under phase one, whilst phase two will also create a significant number of direct and indirect employment opportunities for the youth in and around the district. The President also commended the Business Promoters and traditional authorities of the

 

 

 

 

area for their unflinching support for the project as well as Ghana EXIM Bank for providing the loan facility for the establishment of this state-of-the-art factory at the Addo Nkwanta in the Krachi East District in Oti Region. As of September 2021, 278 1D1F projects are at various stages of implementation. Out of this number, 104 are

 

 

currently in operation, 150 are under construction, and the remaining 24 are at the mobilization stage. One hundred and sixty-five (165) out of the 278 projects, that is 60% of the factories, are new projects, whilst 113 companies are existing projects being supported, representing 40%.

 

 

Rationale for 1D1F

With unemployment also being one of the main issues confronting the nation, the 1D1F initiative is seeking to address the youth unemployment challenge, as well as underdevelopment among the peri-urban and the rural communities, by attracting private sector investments into the development activities of these communities. 1D1F programme is also designed to transform the

 

 

 

 

industrial landscape of the country and also build the capacities of local enterprises to produce high-quality products for both the local and foreign markets. The establishment of CH Global in the Addo Nkwanta of the Krachi East District in the newly created Oti Region is a demonstration of the government’s commitment to supporting the private sector under the One District One Factory Initiative.