The government plans to expand the textile and apparel manufacturing sector.

38

Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.

The Government of Ghana is projecting to scale the textile and garment manufacturing industry to a value exceeding US$2 billion by 2033, under a new policy framework aimed at revitalising the sector.

According to the Ministry of Trade, Agribusiness, and Industry, the expansion drive is expected to attract US$1.2 billion in fresh investments, generate about 150,000 direct and indirect jobs, and revive cotton cultivation across 50,000 hectares of farmland nationwide.

Speaking at a stakeholder validation workshop on the draft Textiles and Garment Manufacturing Policy in Accra, Deputy Minister of Trade, Agribusiness, and Industry Samson Ahi reaffirmed the government’s commitment to repositioning the industry as a major contributor to economic growth.

Source: newsthemegh.com