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1D1F: President Akufo-Addo commissions garment manufacturing factory at Koforidua

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The President of the Republic, Nana Addo Dankwa Akufo-Addo, on Tuesday, 5th October 2021, commissioned ‘MaaGrace Company Ltd’, a garment manufacturing company, operating under Government’s 1-District-1-Factory initiative. The company specialises in the production of utility clothing, uniforms for security forces, hospital scrubs, uniforms for hotels, uniforms for schools and production of standardised uniforms. Equipped with 600 industrial machines, and with the support from the Ministry of Trade and Industry and Ghana EXIM Bank, the company was able to export 20,000 and 80,000 units per month, in 2019 and 2020 respectively, of hospital scrubs and uniforms for chefs to the United States. The company commenced operations in 2003 under the Government of former President John Agyekum Kufuor. However, its operations went down upon the exit of the Kufuor-led Government. In 2017, the company applied for support under the 1-District-1-Factory initiative, and has since seen its operations resuscitated. President Akufo-Addo commended the management of the company, and, indeed, other garments and textiles factories in the country, for the support extended to the Government in the fight against the COVID-19, by domestically manufacturing personal protective equipment (PPEs) for use by frontline health workers and other professional. MaaGrace Limited was one of the leading garment companies that produced over 2 million face masks, 18,000 hospital gowns and headcovers, as well as 12,000 medical scrubs within a short period of time, a classic example of Government’s import substitution strategy, which is one of the strategic objectives of the 1D1F Initiative. The promoter of the business, Mrs. Comfort Owusu-Agyemang, told the President of the significant employment opportunities created by the company, which underscores the strategic intervention the 1D1F programme is playing in fixing the challenges that confront Ghanaians, particularly youth unemployment. She indicated that some six hundred (600) youths from across the New Juabeng North Municipality and its environs have secured employment in their locality, which prevents rural-urban migration, another strategic objective of the 1D1F initiative. With the support of Ministry of Trade and Industry, Ghana EXIM Bank, and Ethical Apparel Africa, the number of persons to be employed is expected to increase significantly. 1D1F Rationale The establishment of the One District One Factory (1D1F) initiative is in fulfillment of a campaign promise by the NPP, under the leadership of the President, to support the private sector to establish at least one industrial enterprise in each of the administrative districts of the country. The concept of the One District One Factory (1D1F), among other initiatives of the Government, is designed to transform the industrial landscape of the country, and build the capacities of local enterprises to produce high quality products and services for both domestic and foreign markets. New Juaben North District Assembly Block President Akufo-Addo also commissioned the newly constructed Administration Block of the New Juaben North Municipal Assembly. The building has been constructed to ensure effective administration of the assembly. It will be recalled that the New Juaben South Municipal was carved out in 2017 by a legislative Instrument (LI) 2302 The contract was awarded to Messers King Dwosco Enterprise Limited with a contract sum of GH¢3,442,539.45 with EcoPlanners & Engineering Consult as consultants to the project. 


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Prince Nelson Opoku (Genius) is Ghanaian - Nigerian professional entertainment Blogger and Entrepreneur. He is the Founder & Owner of Nelson Genius Limited, Glitz Empire Media Networks and Ghana Beat Media Inc.

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Malawi government appoints Mike Tyson Cannabis Ambassador

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Mike Tyson is an individual with a rich and varied history over the course of his life, some of incredibly positive and some of it not so, and now the former Heavyweight champion has become the cannabis ambassador to Malawi.The Ministry of Agriculture of Malawi sent Tyson a letter asking him to take the aforementioned position in the south-eastern African nation, which legalised the medicinal and industrial use of cannabis in 2020, in order to promote economic growth and diversify its economy as the tobacco market declined.Malawi relied on tobacco for a long time, and it represents around 13 percent of the nation’s GDP and 60 percent of its foreign exchange earnings. With the tobacco industry having fallen, the Malawian government decided that the cultivation of cannabis as an alternative would help the country from an economic standpoint.Tyson has grown synonymous within the field of cannabis use, mainly due to his podcast, and this is why he is being turned to by Malawi in their hour of need.However, the drug is still illegal on a recreational basis, and there are in fact significant levels of resistance to changing that measure.The technical knowledge for effective cannabis cultivation is lacking, whilst farmers have been critical of high government tariffs placed on the sale of the plant.However, the Malawi government believes it is worthwhile persevering with the endeavour as it will ultimately bolster their economy.Tyson has been asked to help the local farmers with regards to cultivating the plant, as well as changing the opinion of the drug amongst the population of the nation.“Malawi may not be able to do it alone, as the industry is complex and requires collaboration, therefore I would like to name you Mr. Mike Tyson, Malawi’s Cannabis Ambassador,” the letter from the Malawi government read.
https%3A%2F%2Fgbafrica.net%2Fmalawi-government-appoints-mike-tyson-cannabis-ambassador%2F


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Gov’t pays GH¢5.7bn of debts owed SSNIT — Starr Fm

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The government has since 2017 made payment of GH¢5.77 billion to clear part of the social security contributions owed to SSNIT, the latest update from the Social Security and National Insurance Trust (SSNIT) has shown.
Delays in the payment of due contributions by the government have been cited in the actuarial valuation reports as hampering the scheme’s level of investible funds. Indebtedness by the government to the Trust continues to hurt the scheme’s compliance rates and long-term sustainability.
SSNIT in its update assured that management has not relented in its efforts to retrieve all arrears owed the Trust by employers to improve the sustainability of the Scheme.
“It must be noted that government has since 2017 paid GH¢5.77billion to clear social security contributions owed by successive governments. SSNIT continues to actively engage government, the largest employer, to pay the contributions of its employees,” the Trust highlighted.
As of September this year, 7,951 criminal cases were pending in court against defaulting employers. Likewise, over 500 employers – including the government – have arranged for terms of the settlement.
According to the Africa Centre for Retirement Research (ACRR), indebtedness to the Trust almost doubled in 2018; given that delay in contribution, payment has been assessed to have a tremendous impact on the long-term cost of the scheme. Over 75 per cent of indebtedness to the Trust is by the government.
“It is imperative that government settles its outstanding indebtedness to the Trust and sticks to the payment schedule as stipulated by section 63 of Act 766. As well, this will present a good example for private sector employers to follow,” ACRR said in its research report.
Private-sector indebtedness
Over GH¢230million remains outstanding in debt by the private sector as of September 2021 to SSNIT. This is expected to go up further if the Trust retrieves all outstanding contribution reports and updates inspections on all establishments.
The Director-General of the SSNIT, Dr. John Ofori-Tenkorang, said the Trust takes no delight in taking legal action against employers, but it has become necessary for SSNIT to fulfil its obligation to pay retirement benefits.
SSNIT also assured all stakeholders and the public that the Scheme presently has enough reserves to pay all accruing benefits due to members and their validly nominated dependants.
“The Trust, therefore, assures all members and the public that it will continue to ensure prudent management of funds to enhance the long-term sustainability of the Scheme,” it said.
Source: B&FT

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Ghana (Covid-19 Updates)

😷 130,920 Total Cases
😥 1,209 Deaths
😇 129,042 Recovered
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