President Nana Addo Dankwa Akufo-Addo, on Thursday, commissioned CH Global Limited, a cassava and yam processing factory located in Addo Nkwanta, in the Krachi East District of the Oti Region.
With the support of GH¢10 million from Ghana EXIM Bank, the facility will process yam into frozen chips and yam balls under the brand name CH Foods. It will take advantage of available local raw materials in the catchment area.
The project’s first phase is estimated to process an average of 120 tubers of yam per 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 2022, will establish a cassava processing line to produce cassava fries and snacks, with a capacity to process some 700 metric tons of cassava per year.
The factory will employ about 254 people 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.
President Akufo-Addo commended the Business Promoters and Traditional Authorities of the area for their unflinching support for the project and Ghana EXIM Bank for providing a loan to establish the state-of-the-art factory.
As of September 2021, 278 1D1F projects are at various stages of implementation under the initiative. Out of this number, 104 are currently in operation, 150 are under construction, and 24 are at the mobilisation stage.
One hundred six-five out of the 278 projects, that is, 60% of the factories are new projects, whilst 113 companies are existing projects.
With unemployment being one of the main issues confronting the nation, the 1D1F initiative seeks to address the youth unemployment challenge and underdevelopment among peri-urban and rural communities by attracting private sector investments into the development activities of these communities.
1D1F programme is designed to transform the country’s industrial landscape and build the capacities of local enterprises to produce high-quality products for both the local and foreign markets.
The establishment of CH Global in Addo-Nkwanta of the Krachi East District in the newly created Oti Region demonstrates the Government’s commitment to supporting the private sector under the One District One Factory Initiative.
Rex Mainoo Yeboah, ISD