The Volta Star Textiles Limited (“VSTL”), located at Juapong in the North Tongu District of the Volta Region of Ghana, was established in the late 1960s and incorporated in November 2007 as an agro-processing business involved in the processing of cotton into yarn and grey baft for local consumption and export. The mission of VSTL is to stand out as the preferred textiles products supplier in Africa and beyond and to be recognized as a world class company through its “total quality” and people driven spirit.
Government of Ghana (‘GoG”) acting through the Ministry of Trade and Industry (“MoTI”) has appointed PwC to assist with the revitalisation of VSTL as part of efforts to enhance the status of VSTL as a leading textile processing company in West Africa and to improve the economic prospects of Juapong and its surrounding communities.
To achieve this objective, GoG through MoTI is inviting prospective bidders to submit an Expression of Interest (“EoI”) to acquire 70% of the shares of VSTL.
The deadline for the submission of the EoI is Monday, 4 January 2016 at 4pm.
Expressions of Interest should be marked CONFIDENTIAL – PROJECT STAR and addressed to:
THE PARTNER
PRICEWATERHOUSECOOPERS (GHANA) LIMITED
NO. 12 AIRPORT CITY, UNA HOME, 3RD FLOOR
AIRPORT CITY, ACCRA, GHANA
ATTN: KINGSFORD ARTHUR
For enquiries, please contact Augustina Mills or Kwesi Arhin at the PricewaterhouseCoopers (PwC) Ghana Ltd office at No. 12 Airport City, Una Home, 3rd Floor, Airport City, Accra or PMB CT 42, Cantonments, Accra.
T: +233 (0) 302 761 500 F: +233 (0) 302 761 544
© 2015 PricewaterhouseCoopers (Ghana) Ltd. All rights reserved. In this document, “PwC” refers to PricewaterhouseCoopers (Ghana) Ltd which is a member firm of PricewaterhouseCoopers International Limited, each member firm of which is a separate legal entity.
