The Chief Executive Officer of Ghana EXIM Bank, Sylvester Adinam Mensah, has revealed that plans are underway to establish a garment and apparel factory in the Volta Region. This announcement was made at the Volta Economic Forum in Ho on Wednesday. The proposed factory is expected to create jobs and support local production in the region. Mr. Mensah cited the successful commissioning of a similar facility in the Northern Region as a precursor to this new project.
The garment factory in the Northern Region, known as the Northshore Apparel Hub, was recently commissioned by President John Dramani Mahama at Savelugu. This wholly Ghanaian-owned facility has already created over 2,300 direct jobs and operates around the clock, producing garments for both local and international markets. The facility was funded by Ghana EXIM Bank, German Development Bank KfW, and the Agricultural Development Bank. Mr. Mensah expressed hope that the next garment and apparel factory will be sited in the Volta Region.
The Volta Economic Forum was held under the theme “Transforming Potentials into Wealth for the Volta Region” as part of the activities marking this year’s yam festival. Mr. Mensah urged stakeholders to move beyond discussing the region’s economic potential and begin developing projects that could turn it into a centre for production, exports, and job creation. He emphasized that the project will create jobs across southern Volta, drawing workers from various communities.
The proposed garment factory in the Volta Region is part of President Mahama's Reset Agenda, which aims to create employment opportunities and stimulate local production. Mr. Mensah's announcement has been met with enthusiasm from stakeholders, who see it as a step towards unlocking the region's economic potential. The factory is expected to have a positive impact on the local economy and provide opportunities for residents.
The Volta Region has been described as having significant economic potential, but it has not been fully utilized. Mr. Mensah's call to action is seen as a move to change this narrative and turn the region into a hub for production and exports. The region's rich natural resources and strategic location make it an ideal location for various industries, including garment manufacturing.
The garment factory project in the Volta Region is expected to have a positive impact on the local economy, creating jobs and stimulating economic growth. The project is also seen as a way to promote local production and reduce reliance on imports. With the successful commissioning of the Northshore Apparel Hub in the Northern Region, stakeholders are optimistic about the prospects of the proposed factory in the Volta Region.
Key stakeholders, including government officials, business leaders, and community representatives, attended the Volta Economic Forum. They discussed various issues related to the region's economic development, including the proposed garment factory. The forum provided a platform for stakeholders to share ideas and explore opportunities for collaboration and investment in the region. Three key points have emerged from the discussions: the need for investment in infrastructure, the importance of job creation, and the potential for the Volta Region to become a hub for production and exports.
Key points
- The proposed garment factory in the Volta Region is expected to create jobs and stimulate local production.
- The project is part of President Mahama's Reset Agenda, which aims to create employment opportunities and stimulate local production.
- The Volta Region has significant economic potential, but it has not been fully utilized.
