Our Story

1963:

Negotiations begin for a new textiles factory.  Ghana hosts the Africa Cup of Nations for the first time and the Black Stars win the tournament, beating Sudan in the final.

1966:

GTP, originally the Ghana Textiles Printing Company, begins life a couple of months before Ghana’s ninth birthday.  Ownership of the new company is shared between the Ghanaian government, Gamma Holdings of the Netherlands and the giant Anglo-Dutch firm, Unilever.  Ghana’s founding father, Kwame Nkrumah, is ousted from office.

 

 

1982:

GTP is taken over by its workforce, supported by the government.  Ownership of the company becomes completely Ghanaian as Gamma Holdings and Unilever withdraw.  The Black Stars triumph again in the African Cup of Nations, becoming champions of Africa for the fourth time.

 

1992:

After years of decline, GTP returns to its roots as a conventional shareholder owned business.  Ghana holds a peaceful democratic election for the first time in many years and the Fourth Republic enshrines its current constitution, which guarantees multiparty democracy after decades of coups.

 

 

1994:

Unilever resumes management control of GTP and Gamma Holdings reassumes its stake in the business.  Gamma makes a huge cash and equipment investment, transforming GTP’s prospects and largely taking it out of government ownership in the process.  The ‘Guinea Fowl War’ breaks out in northeast Ghana, as old communal tensions explode into lethal violence and mass displacement.  Happily, a peace accord is signed, though the violence is repeated sporadically into the following year.

 

2000:

The new millennium sees GTP reach a production milestone that would have seemed impossible in its 1980s slump.  The company produces an incredible 16 million yards of fabric.  Regrettably, this amazing zenith is undermined by the glut of cheap, inferior quality imports, leading to a decline to 7.5 million yards by 2006.  2000 also witnessed a peaceful general election and perhaps fittingly, in 2006 Ghanaians saw a solar eclipse.

2004:

GTP begins a transformation, changing its name from the Ghana Textile Printing Company to Tex Styles Ghana Limited.  Management starts to take on the threat posed by cheap imports; increasing efficiency and cutting production costs, a lengthy, sometimes necessarily painful process that eventually results in production increasing to a very healthy 18 — 20 million yards per annum by 2010.  Ghana sees a revival too, with the first peaceful, uncontested renewal of a government mandate in its young history.

 

 

2010:

After a long and loyal relationship with GTP, Gamma Holdings sells its stake in the company to Actis, a London based private equity firm specializing in emerging markets.  Vlisco, a firm with a trading history in the West Africa sub region dating back to the 19th century, takes on the distribution side of the business.  Ghana’s Black Stars become the third team to reach the quarterfinals of the FIFA World Cup, beating the mighty USA on the way to doing so and being denied a semi-final place in the first contest on African soil only by an infamous handball and missed penalty in the final minutes of their quarterfinal match with Uruguay.

2013/4:

GTP embraces the Internet and social media with its potential for greater consumer insights and business opportunities around the world, both powering and profiting from the steadily rising profile of African cultural influences in the global marketplace, particularly in the world of fashion.  The future is as bright and bold as our flagship NuStyle fabrics.  Ghana’s iSPACE foundation introduces the Odekro.org website to promote transparency, provide online access to public records and help Ghanaians keep a watchful eye on their public servants, particularly MPs. GTP and Ghana are clearly moving in the right direction.