President John Dramani Mahama has announced plans to source cotton from neighbouring Benin to revive the dormant 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 revealed that plans are far advanced to sign a Memorandum of Understanding (MoU) with the Beninese government.
This initiative forms part of a broader strategy to restore the factory’s operations through strategic investment and reliable raw material access.
“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 said.
The President also disclosed that the government has made significant progress in securing a strategic investor for the company.
Following a competitive bidding process, the evaluation phase has been completed, and the government is now preparing to select a preferred investor to rehabilitate and modernise the facility.
Reviving Volta Star Textile Limited remains central to the government’s industrialisation agenda and the proposed Volta Economic Corridor, which aims to integrate agriculture, manufacturing, logistics, and export-led production.
He added that the restoration of the factory is expected to create local employment, stimulate economic activity in Juapong, and strengthen the national textile manufacturing sector.
By: Rainbowradioonline.com/Ghana
