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EDIAF to help revive Volta Star Textiles
04
Feb '16
Government of Ghana has secured money from the export trade agricultural and industrial development fund (EDAIF) to resuscitate the distressed Volta Star Textiles Limited, while it searches for investors, Ghana news agency reported.

Minister of trade and industries, Dr Ekwow Spio Garbrah, stated this during the third day of his working visit to the Volta region, where he met management and workers of the company.

Volta Star Textiles, mainly makes grey baft for Ghana Textile Printing (GTP) company as an off-taker. Workers of the factory, have been on indefinite strike over non-payment of their salaries for 10 months.

'Let me on behalf of government, the sole shareholder, and the people of Ghana apologise for the inconveniences to you, workers,' the Minister told the agitated workers. The EDAIF grant would clear all backlogs and pay salaries to put the factory back into production soon, he added.

The Minister previously said comprehensive efficiency tests, including worker-machine ratio and other productivity assessments, would be carried out in the factory during his meeting with management and staff of the company.

The minister further expressed regret that reports from management did not appear to have conveyed the real situation on the ground to his office and he expressed hope that the search for investors would yield results soon, to put the factory back to business. (NA)

Fibre2Fashion News Desk – India

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