Volta Region to benefit greatly from 2027 budget – President Mahama
President John Mahama says the Volta Region will receive a significant share of the 2027 national budget, with investments expected in agriculture, tourism, textile and garment and hospitality industries.
He said the proposed allocations would support economic activities and create opportunities for businesses and residents across the region.
Speaking at the 2026 Hogbetsotso Festival in Anloga on Saturday, November 7, the President outlined the government's plans to position the Volta Region as a major hub for tourism, agriculture and industrial development.
"Next week, the Minister of Finance will present on my behalf the 2027 budget. In this presentation, we will outline our plan for what we call the new economy. This is a bold initiative that will seek to invest over nine billion dollars ($9b) in sectors of the economy between 2027 and 2030."
"Volta Region is set to benefit greatly under the new economy policy in the areas of textile, garment, commercial agriculture and hospitality and tourism," he said.
As part of the industrialisation agenda, President Mahama disclosed that he had commissioned the Ghana Export-Import Bank (EXIM Bank) to establish a garment factory at Weta in the Ketu North Municipality.
"We have commissioned the Ghana EXIM Bank to commence work on a Light Industrial Area in the Weta area. 200 acres of land have been acquired. This industrial area will be dedicated to the textile and garment industry. We expect that initially, when it starts, it will create some 3,000 jobs and grow eventually to 10,000 jobs when it is fully operational."
The proposed factory is expected to support the garment and textile industry while creating employment opportunities for people in the area.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
KioskNews shows a cleaned-up reading view extracted from the publisher’s page — the original always lives on their site, not ours.