No employee of Akosombo Textiles Limited (ATL) laid off

28th Sep 2018 | Source: Akosombo Textiles Ltd

<div style="text-align: justify;"><span style="font-family:arial,helvetica,sans-serif; font-size:12px"><span style="font-family:arial,helvetica,sans-serif; font-size:12px"><span style="font-family:arial,helvetica,sans-serif; font-size:12px">As stated by his Excellency the Vice President Dr. Mahamudu Bawumia during his key note address at the opening ceremony of the Ghana Industrial Summit and Exhibition 2018 at AICC on Tuesday 18th September 2018, ATL will be producing the fabric for uniforms of the 100,000 graduates under the Nation Builders Corps (NABCO), as part of Government’s industrialization drive and to revive the textile industry. This in addition to other contracts will boost our business, increasing production activities from 2 shifts to 3 shifts, which will require further employment.</span></span></span></div>

<div style="text-align: justify;"><span style="font-family:arial,helvetica,sans-serif; font-size:12px"><span style="font-family:arial,helvetica,sans-serif; font-size:12px"><span style="font-family:arial,helvetica,sans-serif; font-size:12px">In addition, the Ministry of Trade and Industry in collaboration with the textile manufacturers and traders has planned a roadmap, aimed at reviving the local textile industry and promoting made-in-Ghana fabrics. This includes among other things the implementation of the Tax Stamp to curb smuggling and to protect intellectual property rights of manufacturers in Ghana.</span></span></span></div>

<div style="text-align: justify;"><span style="font-family:arial,helvetica,sans-serif; font-size:12px"><span style="font-family:arial,helvetica,sans-serif; font-size:12px"><span style="font-family:arial,helvetica,sans-serif; font-size:12px">It is worthy to note that as part of government policy to boost the textiles industry, ATL was a proud recipient of a government stimulus package in August 2018 to support the company’s operations. The injection has assisted the organization to complete a number of exercises including clearing of salary arrears which is scheduled to be completed by the end of October. </span></span></span></div>

<div style="text-align: justify;"><span style="font-family:arial,helvetica,sans-serif; font-size:12px"><span style="font-family:arial,helvetica,sans-serif; font-size:12px"><span style="font-family:arial,helvetica,sans-serif; font-size:12px">Finally, we would like to assure our hardworking Employees, Clients, Customers, Suppliers and the General public that we are still in operation, therefore all such inaccurate stories should be disregarded. Our research and product development team are currently working on new brands and products intended to be launched in November for the Christmas Season. ATL - whatever the occasion - whenever people come together - you will find ATL “bringing fabrics to life”!</span></span></span></div>