Audio By Carbonatix
President John Dramani Mahama has announced plans to source cotton from neighbouring Benin as part of efforts to revive the dormant Volta Star Textile Limited in Juapong and restore the factory to full production.
The President says arrangements are being made to sign a memorandum of understanding with the government of Benin to supply Ghana with cotton for the Volta Star Textile Limited as part of efforts to revive the once-thriving factory.
Speaking during the sod-cutting ceremony for the Juapong Model Market in the Volta Region, the President said the initiative forms part of the government’s broader strategy to restore the textile company’s operations through strategic investment and reliable access to raw materials.
“Arrangements are being made to sign a memorandum of understanding with the government of Benin to supply us with cotton from Benin to feed the factory in Ghana,” Mahama announced.
He disclosed that government has already made significant progress in securing a strategic investor for the textile company after inviting bids from interested firms.
According to him, the evaluation process has been completed, with government now preparing to select a preferred investor to rehabilitate and modernise the factory.
Mahama said reviving Volta Star Textile Limited remains central to government’s industrialisation agenda and the proposed Volta Economic Corridor, which seeks to integrate agriculture, manufacturing, logistics and export-led production.
He expressed confidence that restoring the factory would create employment opportunities, stimulate economic activity in Juapong and strengthen Ghana’s textile manufacturing sector.
Latest Stories
-
From despair to dance: Family of nurse Salomey Baffoe rejoices after GH¢100k bail granted
9 minutes -
Kejetia Phase III pricing talks loom as government moves to restart stalled works
45 minutes -
Nchiraa Yam festival: Two killed, 14 injured as police restore calm
52 minutes -
I draw inspiration for my songs from Reggae music – Lyrical Joe
53 minutes -
AI must not replace human judgment in public spending – BoG Governor
56 minutes -
Ghana should withdraw from 2027 AFCON – Kojo Addae Mensah
1 hour -
Team Ghana departs Accra for Angola ahead of Karting Africa Trophy
1 hour -
AIT President Prof Clement Dzidonu urges lifelong learning as AI reshapes work and education
1 hour -
FWSC to meet striking teacher unions on Tuesday
1 hour -
NPP won’t force candidates to step down – Miracles Aboagye
1 hour -
Black Stars: Building in the sinking sands
2 hours -
Low inflation on paper, high cost of living: How Presidents Mahama and Trump are facing stark economic reality
2 hours -
NPP will negotiate with popular non-politicians to secure winnable candidates – Miracles Aboagye
2 hours -
Only 5% of Ghanaians can afford housing without support – Gov’t
2 hours -
Nigeria launches rescue after military plane crashes with 32 aboard
2 hours