The Acting Chief Executive of the Ghana Export-Import Bank (GEXIM), Sylvester Mensah, has affirmed the Bank’s support for players in the textile and apparel industry in line with the government’s agenda to generate growth in job opportunities through the 24-hour economy policy.
Sylvester Mensah made this commitment when he accompanied the Minister of Trade, Agribusiness and Industry, Elizabeth Ofosu Adjare on a working visit to the manufacturing units of Dignity DTRT Limited and Tex Styles Ghana Ltd, manufacturers of Vlisco, GTP, and Woodin in Accra and Tema.
“In line with the President’s assurance to encourage exports and generate employment, we consider the garment sub-sector as an area that can generate very quick jobs and foreign exchange to reduce the burden on the cedi. We are here today with the Honorable Minister to familiarize ourselves with the operations of these companies, explore ways of addressing their challenges and provide the needed assistance to help them scale up and create the needed jobs for Ghanaians,” he emphasized.
Elizabeth Ofosu Adjare indicated the government’s desire to collaborate with the private sector to industrialize the country and create jobs in addition to creating an ideal business environment for industries to thrive and increase exports.
“We are willing to assist the garment sector as much as we can to enable them to create the needed jobs and to export. We commend your efforts and we are going to support you to replicate this business model in other regions to create more jobs,” she added.
Mr. Kodwo Agyenim-Boateng, the Managing Director of Tex Styles and Mr. Skip Richmond, the Founder and Co-CEO, DTRT Group, thanked the Minister and Acting Chief Executive of GEXIM for the working visit and suggested a closer collaboration with the Ministry and GEXIM to help in addressing challenges facing the garment, textile and apparel industry.
Prior to the working visit, Hon. Elizabeth Ofosu Adjare and the Management of GEXIM on Monday 10th February 2025 held meetings with selected industry players, including Volta Star Textiles Ltd (VSTL), Akosombo Industrial Company Limited (AICL), Tex Styles Ghana Ltd (TSGL) and Dignity DTRT Limited at the Ministry in Accra.
The meetings were to discuss ways of strategically positioning the garment sub-sector for job creation.
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