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GEXIM affirms support to garment, textile & apparel industry players 

The Acting Chief Executive of the Ghana Export – Import Bank (GEXIM), Sylvester Mensah, has affirmed the Bank’s support for players in the garden, textile and apparel industry in line with the government’s agenda to generate growth in job opportunities through the twenty – four (24) hour economy policy.

Sylvester Mensah made this commitment when he accompanied the Minister of Trade, Agribusiness & 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 on Tuesday 10th February 2025.

“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 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.

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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 Management of GEXIM on Monday February 10, 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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President Mahama expresses gratitude to Organised Labour over fruitful wage negotiations

 President John Dramani Mahama has   conveyed his sincere gratitude and appreciation to Organised Labour for their understanding and cooperation in reaching agreement

on the minimum wage and base pay.

The President assured Organised Labour of his commitment to work closely with them in the

effort to resuscitate the economy and matters relating to the welfare of Ghanaian workers.

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The President also reiterates his commitment to prudence in the management of public finances

with an emphasis on modesty and sacrifice on the part of all government officials even as work

goes into economic recovery and the alleviation hardships.

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Government approves 10% salary increase for public sector workers

The John Dramani Mahama-led government has approved a 10% salary increase for all public sector workers following successful negotiations with the Labour Union.

The last salary increase for public sector workers in Ghana was in 2024, when the then government, led by Nana Addo Dankwa Akufo-Addo approved a 23% raise to adjust for the cost of living and economic conditions.

President Mahama personally engaged with union representatives to secure their support for the increase, underscoring the government’s commitment to easing financial burdens amid economic challenges.

Minister of Labour, Jobs, and Employment, Dr. Rashid Pelpuo who made the announcement said the increment takes effect on March 1, 2025.

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In addition to the salary increase, the national daily minimum wage has also been raised by 10%, setting the new wage at 19.97 cedis. The new minimum wage will also take effect on March 1, 2025.

Source:gbcghanaonline.com

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