The British high commissioner to Ghana, Harriet Thompson has toured the Volta Star Textiles Limited in the company of traditional rulers and the MP for the area, Samuel Okudzeto Ablakwa.
“My team is helping to lead discussions that will identify the right investors for this factory, help to structure the financing in the right way that can enable this factory to return to its former days,” Thompson said.
The factory has been in financial distress since 2011.
The establishment which has the capacity to produce 25 million fabrics per annum now produces five million only due to outmoded facilities.
The MD of the factory, Jerome Kweku Dunyo said the government is “making a lot of efforts, to getting private investors to retool the machinery of this factory and to get it running. However, the effort of the government alone may not be enough”.
For his part, Ablakwa said: “We just have to revamp the factory,” adding that, when revamped it can help in promotion of the Africa Continental Free Trade programme.
The locals say joblessness could be addressed if the factory is revamped.
Albert Kuzor
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