Home / Knowledge / News / Textiles / GH¢ 5 mn for restoration of cotton sector
GH¢ 5 mn for restoration of cotton sector
08
Sep '10
The Deputy Minister of Trade and Industry, Mr. Mahama Ayariga, declared, on Wednesday, that the Govt. has made GH¢5 million available to the cotton industry for its restoration. This will ensure a higher efficiency and a better growth.

According to him, GH¢ 3million facility was extended to the cotton growers and another GH¢2million was given as financial assistance on fertilizers and chemicals to restore the cotton industry which was flourishing well earlier, by the ministry through the Export Development and Investment Fund (EDIF). This was revealed by the minister, on Wednesday, in Tamale at a multi-stakeholders conference on the cotton industry which intended to discuss and bring out a planned agenda to restore the sick industry.

The conference was held to develop a long term strategy for the cotton industry in Ghana and was attended by people from diverse professional backgrounds, which are directly or indirectly related to the cotton industry. The four-day conference intended to develop a wide-ranging strategy for restoring the cotton industry, reviving its ability to remove poverty and its capability to generate employment opportunities as well as stimulating the sick textile industry.

The minister said that the ministry is dedicated to the work of building a strong, technically oriented and aggressively trading industrial sector which would enhance the process of economic growth and job creation. He further added that the ministry is following two major strategies to attain the objective.

These strategies, involving export-driven and local market-driven industrialization, are well aligned with the new and comprehensive industrial policy.

According to the Northern Regional Minister, Mr. Moses Bukari Mabenga, numerous special measures were initiated in the past decade to develop the agricultural sector but these initiatives were not implemented in the northern part of the country.

According to him, the rejuvenation of the cotton sector would not only supply raw materials for the textile industry but would also support the Govt. policy of providing free school uniforms to the students.

Fibre2fashion News Desk - India


Must ReadView All

Apparel/Garments | On 25th Jun 2017

Half of 7,000 new apparel online each day target women

Adobe has released its first Digital Price Index for apparels,...

Textiles | On 25th Jun 2017

First Insight, Chico's FAS enter partnership

First Insight, a technology company transforming how retailers make...

Apparel/Garments | On 25th Jun 2017

Expand changing use of social and web resources

With over 400 million impressions to date and web traffic of over two ...

Interviews View All

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
June 2017

June 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search