President John Dramani Mahama has announced plans to source cotton from neighbouring Benin as part of efforts to revive the Volta Star Textile Limited in Juapong and restore the factory to full production.
Speaking at the sod-cutting ceremony for the Juapong Model Market in the Volta Region, President Mahama said the government is preparing to sign a memorandum of understanding with the Government of Benin for the supply of cotton to the textile factory.
According to the President, the arrangement is intended to provide a reliable supply of raw materials to support the resumption of operations at the company.
He also disclosed that the government has made progress in securing a strategic investor for the factory after inviting bids from interested firms.
President Mahama said the evaluation of the bids has been completed and that the government is preparing to select a preferred investor to rehabilitate and modernise the facility.
He said the revival of Volta Star Textile Limited forms part of the government’s industrialisation agenda and the proposed Volta Economic Corridor, which aims to integrate agriculture, manufacturing, logistics and export-oriented production.
According to the President, restoring the factory is expected to create employment opportunities, stimulate economic activity in Juapong and strengthen Ghana’s textile manufacturing industry.
