The historic Volta Star Textiles Limited, formerly Juapong Textiles Limited, is making a bold appeal for revival as it seeks an investment between $25 million and $100 million to restore full operations.

Once a cornerstone of Ghana’s textile industry, the factory, located in Juapong in the North Tongu District, had a production capacity of 20 million yards per annum at its peak.

Speaking at the launch of the 7th Volta Trade and Investment Fair, Managing Director of Volta Star Textiles Limited, Mr Jerome Kwaku Dunyo, outlined management’s comprehensive plan to resuscitate the textile giant. He said the company has prepared a flexible business plan requiring $100 million for full restoration and modernisation, though an investment of $25 million could restart operations on a smaller scale.

The event, themed “Volta Rising: Building Global Partnerships for a Thriving 24-Hour Economy,” was organised by the Volta Regional Coordinating Council (VRCC) in collaboration with the Association of Ghana Industries (AGI). The venue, Volta Star Textiles itself, was deliberately chosen to symbolise the region’s industrial heritage and its potential for economic transformation.

Volta Regional Minister James Gunu underscored the strategic importance of reviving the factory, aligning it with Ghana’s new industrialization drive. He said the initiative supports the 24-hour economy policy outlined in the 2025 budget, which is backed by an initial $300 million investment and aims to attract $4 billion over the next four years.

He explained that the policy is expected to stimulate industrial growth, create 1.7 million jobs, and position Ghana as a globally competitive, round-the-clock economy. For the Volta Region, he highlighted the revival of Juapong Textiles and the development of a 24-hour Industrial Park in Adaklu on 1,500 acres of secured land as key opportunities to drive manufacturing, logistics, and exports.

The Malaysian High Commissioner to Ghana, H.E. Nauzer Idid Syed Yuroff Idid, pledged his country’s readiness to support the initiative, describing the fair as a vital bridge between Ghana and international partners.

Chief Executive Officer of the Volta Trade and Investment Fair, Mr. Fred Avornyo, also encouraged local and international investors to seize the opportunity to partner, grow businesses, and transform livelihoods.

Volta Star Textiles Limited, established in 1968 as Juapong Textiles Limited, was a central part of Ghana’s post-independence industrialization agenda. At its peak, the factory produced over 20 million yards of textiles annually for both domestic and export markets. However, years of financial challenges, operational difficulties, and competition from imports crippled operations, reducing the company to near inactivity.

Now in its 7th edition, the Volta Trade and Investment Fair continues to serve as a flagship regional platform for trade promotion, investment attraction, and partnership building. The fair has evolved into a hub for innovation, cultural exchange, and regional economic integration, highlighting opportunities across agriculture, manufacturing, and tourism.