An agreement is expected to be signed in Accra on Monday between the government and a Czechoslovakia Republic based company, TELFIN for work to begin on the abandoned Shoe Factory in Kumasi.
The company is investing about 6.5 million dollars into the factory that is expected to begin operations by April with an initial workforce of 800.
This was disclosed by Mr Sampson Kwaku Boafo, Ashanti Regional Minister to newsmen after he led a delegation from the company to pay a courtesy call on President John Agyekum Kufuor at the Castle, Osu.
Mr Jan Gaszczyk, Chief Executive of the Company, said they were motivated to assist in reactivating the factory that was built with assistance from the Czech government during the First Republic.
The factory would produce shoes of all types including leisure ones and boots for the security services.
President Kufuor was shown some samples made by the factory.
