Government to invest US$1bn in textile and garment industry – Ato Forson
Government will invest US$1 billion to transform Ghana's textile and garment industry into a competitive manufacturing hub, capable of supplying global fashion markets.
Finance Minister, Dr Cassiel Ato Forson said the investment is aimed at expanding local production, increasing exports and creating employment opportunities under the government's 24-Hour Economy and Accelerated Export Development Programme.
Presenting the 2027 Budget Statement and Economic Policy to Parliament on Thursday, November 12, he said the initiative will focus on modernising existing textile mills, expanding garment factories and establishing dedicated industrial enclaves for textile and garment production.
The enclaves will be equipped with essential infrastructure, including reliable electricity, industrial water, laboratories, warehouses, treatment facilities and factory buildings to help manufacturers reduce production costs and handle large orders.
Government will also support local fashion designers, tailors and dressmakers with modern equipment, technical assistance and commercial partnerships to enable them to access regional and international markets.
Dr Forson said the investment will help build a competitive local industry capable of producing fabrics, garments and Ghanaian fashion brands for global markets.
“Our ambition is to put Made-in-Ghana fashion into wardrobes around the world and put dependable incomes into Ghanaian homes,” he told Parliament.
The government plans to begin developing industrial enclave infrastructure and modernising priority facilities in 2027, with new and upgraded production lines expected to become operational in 2028.
By 2030, the target is to establish a textile and garment industry operating at commercial scale and supplying wider international markets.
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