Government is committing US$1 billion to transform Ghana’s textile and garment industry into a competitive manufacturing hub capable of supplying international fashion markets.
The investment is expected to boost local production, increase exports and create jobs under the government’s 24-Hour Economy and Accelerated Export Development Programme.
Finance Minister Dr Cassiel Ato Forson announced the initiative when he presented the 2027 Budget Statement and Economic Policy to Parliament on Thursday, November 12.
He said the investment would focus on modernising existing textile mills, expanding garment factories and establishing dedicated industrial enclaves for textile and garment manufacturing.
The proposed industrial enclaves will be equipped with essential infrastructure, including reliable electricity, industrial water supply, laboratories, warehouses, treatment facilities and factory buildings. The facilities are expected to reduce production costs and enable manufacturers to handle large orders.
Government will also extend support to local fashion designers, tailors and dressmakers through the provision of modern equipment, technical assistance and commercial partnerships to help them access regional and international markets.
Dr Forson said the initiative was intended to develop a strong domestic industry capable of producing fabrics, garments and Ghanaian fashion brands for the global market.
“Our ambition is to put Made-in-Ghana fashion into wardrobes around the world and put dependable incomes into Ghanaian homes,” he told Parliament.
Implementation is expected to begin in 2027, with government focusing on developing the industrial enclave infrastructure and upgrading priority production facilities.
New and modernised production lines are expected to become operational in 2028, while the broader target is to establish a commercially viable textile and garment industry capable of supplying international markets by 2030.
By: Rainbowradioonline.com/Ghana