Ghana adopts timber factory under 1D1F initiative, injects US$1.12m to support revival operations

GHANA – The government of Ghana has adopted Ayum Forest Product Limited, a timber processing factory, under the One District One Factory (1D1F), injecting US$1.12m (about GH¢6.5 million) to support the company’s revival. According to a report by Ghana Web, the factory which is located at Mim in the Asunafo North District was shut down in 2016 due to financial and operational challenges. Following its adoption under the programme, Ayum Forest Product Limited has become one of the 68 ailing companies that have received government support under 1D1F to revamp…

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