President Akuffo Addo says a total of 107 factories are fully operational under the One District One Factory (1D1F) initiative.
The President says over 200 of these factories are under construction and will be completed soon.
The President made these remarks when he commissioned the Atlantic Life Sciences Company, a pharmaceutical company under the 1D1F programme.
The $30 million Atlantic Life Sciences Ltd, a company operating under Government's 1D1F programme, and located at Bingo Prampram is the 107th factory completed and operating under the initiative out of the 278 enterprises being established and rehabilitated across the country.
"Out of the total investment for the project, which is estimated at US $35 million, Ghana Exim Bank provided a credit facility to the tune of $10 million for the procurement of plant, equipment, and machinery. This underscores the kind of support given by government to the private sector to take advantage of economic opportunities in the country", he added.
Atlantic Life Sciences Ltd, with the support of government, has established the factory to manufacture vaccines, anti-snake serums, eye drops, inhalation anaesthesia products, syrups, tablets, and capsules, in Larkpelu.