The Decline of Local Textile Industries In Ghana. A Case Study of Volta Star Textiles Limited in Jaupong, Ghana.

Abstract

The study was carried out at Juapong in the Volta Region of Ghana where Volta Star Textiles Limited is located. The qualitative research approach was adopted for the study and used to present data in a systematic manner. The data gathering tools used for the study were interview and questionnaire. A three page well-designed questionnaire copies were administered to the Sample Population made up of one-hundred and eighty (180) respondents. In all, majority (94%) of respondents who participated in the study were male while only (6%) were female. This shows a marginal gender imbalance at Volta Star Textiles Limited. A major finding of the study is that the high cost involved in production makes it difficult for the company to break even. This high cost can be linked to sporadic increases in utility tariffs and the high cost of raw material (cotton). The study further reveals that, about (70%) of machinery used at Volta Star Textiles Limited are obsolete. It is therefore recommended that government forms partnership with a strategic investor to recapitalize VSTL and position it to deliver on its short, medium and long term objectives.