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Related Keywords: boost growth, create employment, garments and textiles, Ghanaian government, Mr Alan Kyerematen, One Factory policy, One-District, part of industrialisation drive, plans to revive onetime special initiatives, second National Single Window conference on trade facilitation, Trades and Industries Minister

Ghanaian government plans to revive the onetime special initiatives on garments and textiles as part of it’s industrialisation drive to create employment and boost growth, announced Trades and Industries Minister, Mr Alan Kyerematen at the opening of the second National Single Window conference on trade facilitation in Accra.

Mr Kyerematen said that the garment textiles and the automobile assembling plants were key areas the government was seeking to diversify into, hopefully within the next five years.

Related Keywords: cotton textiles, currency control tightened, Egypt biggest manufactured exports, exports of garment plummeting, focus on spinning, garments and textiles, Minya project, new city dedicated to textiles manufacturing, pound against the dollar, pricing its products out of international market, suffered badly since central bank began pegging

Egypt’s biggest manufactured exports are garments and textiles. The industry suffered badly since the central bank began pegging the pound against the dollar after Egypt’s uprising in 2011, pricing its products out of the international market. The problem became more acute as currency controls tightened over the past couple years, with exports of garments plummeting by 14.7 percent in the year to end of June and those of cotton textiles by 7.2 percent, according to central bank figures.