Ghana govt investing $1bn to reshape textile & garment sector

Date:

The Ghanian government will commit US $1 billion to reshape its textile and clothing sector into a competitive production base able to serve international fashion buyers.

Finance Minister Dr Cassiel Ato Forson explained the funding is intended to lift domestic output, grow export earnings and generate jobs through the administration’s 24-Hour Economy and Accelerated Export Development Programme.

Delivering the 2027 Budget Statement and Economic Policy in Parliament, he outlined a drive centred on upgrading current textile mills, enlarging garment factories and creating purpose-built industrial parks devoted to fabric and clothing manufacture.

The new parks will feature common core infrastructure, namely dependable power, process water, laboratories, warehouses, treatment facilities and ready-built factory units, helping producers cut operating costs and fulfil bulk export orders.

State assistance will also reach domestic fashion designers, tailors and seamstresses, providing up-to-date machinery, technical guidance and commercial tie-ups to open doors into regional and international markets.

Dr Forson explained that the funding will underpin a competitive domestic sector able to turn out fabrics, garments and Ghanaian fashion labels for worldwide markets.

“Our ambition is to put Made-in-Ghana fashion into wardrobes around the world and put dependable incomes into Ghanaian homes,” he told lawmakers.

Work on park infrastructure and priority facility upgrades is scheduled to start in 2027, with new and modernised production lines due to come on stream in 2028.

By 2030, the ultimate goal is a commercially scaled textile and garment industry, supplying a much broader range of international markets.

Dr Forson also proposed that ministries, departments and state agencies would be obliged to source uniforms, hospital linen, bedding and protective clothing solely from Ghanaian textile and garment producers.

Image courtesy: Invest for Jobs

Bhargav Pathak
Bhargav Pathakhttps://textilesresources.com
With a passion for the textile, apparel, and fashion industry, I embarked on a journey fueled by education from NIFT Gandhinagar and affiliation with NDBI at NID Ahmedabad. Since 2006, I've contributed to various corporate ventures, specializing in B2B, B2C, SaaS, and AI products within the textile domain. In July 2023, I launched TextilesResources.com, a knowledge hub offering the latest news, articles, and soon-to-come features like interviews and a trade fair calendar. Grateful for the growing community, we've recently introduced a Business Directory for enhanced visibility. Join us on LinkedIn and stay connected with the ever-evolving textile landscape!

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