Loading grant details…
China National Building Materials provides $400 million loan to Association of Ghana Industries for One District, One Factory (1D1F) Project
| Funder | China National Building Material Company (CNBM) |
|---|---|
| Recipient Organization | Association of Ghana Industries (AGI) |
| Country | Ghana |
| Start Date | Jun 26, 2017 |
| End Date | Jul 22, 2032 |
| Duration | 5,505 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 57943 |
Grant Description
China National Building Materials provides $400 million loan to Association of Ghana Industries for One District, One Factory (1D1F) Project In 2017, China National Building Material Co., Ltd. (CNBM), a subsidiary of China National Building Material Group (a Chinese state-owned enterprise), signed a $400 million loan facility agreement with the Association of Ghana Industries (AGI) for the One District, One Factory (1D1F) Project.
The 1D1F Project is a key component of the Ten Point Industrial Transformational Agenda of the Government of Ghana. It is designed to support the establishment of at least one industrial enterprise in each of country’s 260 districts. The program is private sector-led but facilitated by Government of Ghana.
It provides financing support for up to 85% of total capital expenditures required for the setup of factory (industrial enterprise).
The businesses that are supported by the CNBM facility come from the following sectors: general manufacturing, agriculture, ICT, textiles, renewable energy, waste management, pharmaceuticals, and tourism.
As of 2020, 181 projects were at various stages of implementation under the 1D1F initiative across 112 districts in the country. In April 2022, there were 278 1D1F projects at varying implementation stages. As of July 2024, 321 factories had been established across 142 districts, and 169 factories were fully operational.
Sources & References
- 1D1F-CNBM Facility
- China gives Ghana $2bn to finance one-district, one-factory - Veep
- WTC Accra promotes ‘One District One Factory’ initiative
- District Industrialization for Jobs and Wealth Creation
- ON THE REQUEST FOR APPROVAL OF INCENTIVES TO SUPPORT IMPLEMENTATITION OF THE ONE DISTRICT ONE FACTORY(]DlF) PROGRAMME
- PRESIDENT AKUFO-ADDO INAUGURATES 1 DISTRICT, 1 FACTORY PROJECT IN ASOKWA
- THE BUDGET STATEMENT AND ECONOMIC POLICY OF THE GOVERNMENT OF GHANA FOR THE 2019 FINANCIAL YEAR
- MEDIUM TERM EXPENDITURE FRAMEWORK (MTEF) FOR 2020-2023, 1D1F: Gov’t has supported 321 factories across 142 districts, creating 170,000 jobs — Finance Minister
- Ghana One District One Factor (1D1F) Initiative Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.
All Grantees
Association of Ghana Industries (AGI)
Interested in applying for this grant?
Complete our application form to express your interest and we'll guide you through the process.
Apply for This GrantQuick Summary
Related Grants
