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The Ghana Export-Import Bank (GEXIM) CEO, Sylvester Adinam Mensah, announced the commissioning of the Northshore Apparel Hub in Savelugu, Northern Region, which is expected to stimulate economic activity and create employment across the region. The facility, financed through a blended financing model involving GEXIM, Germany’s KfW Development Bank, and equity contributions from the project promoters, is a flagship investment under GEXIM’s five-year strategic plan.

Mensah highlighted that the factory would provide direct jobs on its production floor and generate additional opportunities in transportation, food services, accommodation, maintenance, packaging, logistics, and other supporting activities. He emphasized that the wages earned by employees would improve livelihoods, support children’s education, increase access to healthcare, and strengthen local businesses.

The CEO also noted that the decision to establish the factory in Savelugu demonstrated the promoters’ confidence in the skills and potential of people in the Northern Region, showcasing that indigenous businesses could undertake large-scale industrial projects and compete on the global market.

Brief written by urgent.news from MyJoyOnline Ghana's own syndicated text. Machine-written — may contain errors; check the original before relying on it.