The government is set to breathe new life into Ghana’s struggling textile industry as part of its 24-Hour Economy policy, with plans underway to revive the defunct Akosombo Textiles Limited (ATL) and Juapong Textiles Limited (JTL).
Deputy Minister of Finance, Thomas Nyarko Ampem, announced the initiative during an event in Akosombo, emphasizing the transformative impact the move will have on job creation, industrial growth, and community development.
“If there’s any constituency that stands to benefit massively from the 24-hour economy, it is Asuogyaman,” he said. “Our vision is to use Akosombo and Juapong Textiles to produce nearly all textiles used in Ghana and across much of West Africa.”
Originally established in 1967 under the leadership of Ghana’s first President, Dr. Kwame Nkrumah, ATL and JTL were once vibrant symbols of local manufacturing, producing high-quality real wax and African print fabrics.
However, decades of decline have left the companies dormant, leading to significant job losses and economic hardship in the region.
The call for revitalization has grown louder in recent years, with industry leaders like Ralph Ayitey, National Treasurer of the Association of Ghana Industries (AGI), describing the collapse of JTL as a major setback to the local economy.
The Deputy Minister also announced that the Asuogyaman Constituency will benefit from the forthcoming Volta Project — an ambitious plan to leverage the Volta Lake for enhanced agriculture and agribusiness opportunities.
Additionally, he revealed that major road rehabilitation projects are set to begin in the area, aiming to improve transportation networks and boost trade.
The announcement has renewed hope among residents and stakeholders, with many optimistic about the return of a once-thriving textile sector and the accompanying economic revitalization for the Asuogyaman district.
Source: Starrfm.com.gh
