Home / All / Fiber & yarn / Ghana’s cotton sector to get $10-mn boost
Middle East textile Journal February Digital Issue
cotton from Turkmenistan

Ghana’s cotton sector to get $10-mn boost

RMG Ghana Ltd will invest $10 million in the country’s cotton industry under a five-year project to raise cultivation of the crop from the current 4,000 metric tonnes to 50,000 metric tonnes. The investment will cover operational and marketing costs, help expansion of farm sizes, ensure timely availability of production inputs and raise income of farmers.

 

The initiative is part of a strategic partnership agreement between RMG Ghana, an agro input firm, and Wienco Cotton—the first a sister company and the second a subsidiary of Wienco Ghana Limited—to make Ghana one of the major cotton producers in the continent.

 

The white gold of Ghana must return to be the game-changer in the country’s economy, media reports in Ghana quoted group chief executive officer of RMG Ghana Daniel Ruegg as saying.

 

The Arailius Group of the United Kingdom also intends to invest in cotton and textile production, while the China Agricultural Machinery and Engineering Corporation (CAMEC) will establish mechanisation centres in cotton producing districts to promote smallholder and commercial cotton production, according to the government.

About Kohan Journal

Kohan Textile Journal is the leading magazine for the Textile industry, Textile machinery, Synthetic Fibers and Nonwovens in MENA region (the Middle East and North Africa) and is published every two months. It basically emphasizes on textile machinery, textile products, carpet and synthetic fibres distributed among the factories, manufacturers, and traders of floorcovering industries.l

Check Also

Egypt denies sale of local spinning and weaving factories

Egypt denies sale of local spinning and weaving factories

The Government of Egypt has denied all the reports of selling local spinning and weaving …

Leave a Reply

Your email address will not be published. Required fields are marked *

error: Content is protected!!