Ghana is receiving support from the UK Government, through the UK-Ghana partnership for Jobs and Economic Transformation (JET), to transform high-potential sectors, including garments and textiles, according to British High Commissioner to the country Harriet Thompson, who recently toured the Volta Star Textiles Limited (VSTL) factory in the North Tongu District of the Volta region.
The programme is helping create the needed policy environment to drive investment into these sectors to operate at their fullest potential, generate wealth and generate employment, she said.
Her team was helping Ghana identify the right investors for the factory in financing to enable the factory return to its former days of full operation and production; she was quoted as saying by Ghanaian media reports. The factory now employs 750 workers instead of about 2,000 earlier.
Samuel Okudzeto Ablakwa, Member of Ghanaian parliament for North Tongu Constituency, said advanced discussions were under way with investors in the United Kingdom who had expressed interest in revamping the facility.
Thompson also indicated that the neighbouring Akosombo Textile Limited would also feature under the British Trade Portfolio, which they were seeking to increase under the new Ghana-UK Trade Agreement, he added.
Ghana is receiving support from the UK Government, through the UK-Ghana partnership for Jobs and Economic Transformation (JET), to transform high-potential sectors, including garments and textiles, according to British High Commissioner to the country Harriet Thompson, who recently toured the Volta Star Textiles Limited (VSTL) factory in the North Tongu District of the Volta region.
