Pulse.com.gh logo
Go


Revamp Gov’t is committed to reviving textile industries - Minister

Mr Hagan, who said this at the 50th-anniversary celebration of GTP in Tema, added that the move would also help create more jobs for the Ghanaian youth.

  • Published:

Mr Kweku Ricketts Hagan, the Deputy Minister of Trade and Industry, has said government is committed to reviving the textile industry to produce more for export.

To this end, he said, the Ministry of Trade and Industry is working assiduously to revamp the Juapong and Volta Star Textiles factories to augment the efforts of the Ghana Textile Printing (GTP) company.

Mr Hagan, who said this at the 50th-anniversary celebration of GTP in Tema, added that the move would also help create more jobs for the Ghanaian youth.

He said for a country such as Ghana whose imports exceeds its exports; it is imperative to add value to its raw materials.

He said this would turn the country's economy around and as such the Ministry is doing everything possible to revive dormant manufacturing companies to make Ghana an export rather than import oriented nation.

The Deputy Minister said electricity and the regular power supply has been the major concern of manufacturing companies adding that government has initiated some measures to solve the situation.

Mr Kofi Boateng, the Managing Director of GTP, said it has not been easy for the manufacturing companies over the past few years, and this was mainly due to unstable power supply.

He said the pirating of their designs also negatively affected their sales but expressed optimism that this year would be better for the company.

 

Source: GNA

Do you ever witness news or have a story that should be featured on Pulse Ghana?
Submit your stories, pictures and videos to us now via WhatsApp: +233507713497, Social Media @pulseghana: #PulseEyewitness & DM or Email: eyewitness@pulse.com.gh.

Recommended Articles

Recommended Videos




Top Articles

1 Taxes In Ghana Don't rejoice; VAT has been hiked through ‘backdoor’ –...bullet
2 Kwabena Duffuor Official: Duffuor’s assets not being auctionedbullet
3 2018 Budget Review Prepare to pay 35% tax if you earn 10k and abovebullet
4 Menzgold Ghana Don't deposit money with Menzgold – BoG cautions...bullet
5 Investment banks in Ghana Top 5 investment banks in Ghana and...bullet
6 Uche Ofodile Captain Planet’s wife heads MTN Liberiabullet
7 Nigeria To The World Ex-Nigerian Minister appointed to...bullet
8 Education Top 5 private high schools in Ghana according to...bullet
9 2018 Budget Review Gov’t imposes tax on luxury vehiclesbullet
10 Salaries In 2018 Here are the dates public workers...bullet

Top Videos

1 Money Alert Meet Africa's richest womanbullet
2 Forbes 2018 Africa's billionaires rich listbullet
3 New Discovery Ghana discovers new mineral, lithium in commercial...bullet
4 Tech 6 reasons you should buy an iPhone SE instead of any of the...bullet
5 Support Finance minister buys Kantanka carbullet
6 Plane Crash Starbow suspends operations following plane crashbullet
7 Dr Joseph Siaw Agyepong Nobody can collapse my company – JOSPONGbullet
8 New Phone Nokia’s MWC 2018 Event in Under 10 Minutesbullet
9 New Phones Nokia MWC 2018 Event in 5 minutesbullet
10 Video We are determined to move Ghana beyond aid - Bawumiabullet

Business