Growth Investment Partners (GIP) Ghana Ltd, the local investment arm of British International Investment (BII), has made a strategic investment in Maagrace Garments Industries Limited (MGIL), one of Ghana’s leading export-oriented garment manufacturers. The deal is expected to significantly expand MGIL’s production capacity and drive job creation, particularly for women and youth in the Eastern Region.
The investment will fund the construction of a new state-of-the-art production facility at MGIL’s base in Koforidua. Once completed, the expansion will more than double the company’s current capacity, positioning Ghana as a competitive player in the global ethical apparel market. MGIL currently employs over 700 workers, 72% of whom are women, and exports over 90% of its output to major brands in the US, UK, and Europe.
According to Jacob Kholi, Chief Executive and Investment Officer of GIP Ghana, the partnership with MGIL reflects the country’s growing industrial capabilities. He noted that the investment is a testament to Ghana’s industrial potential and its ability to compete globally in ethical garment manufacturing. Kholi emphasized that MGIL’s track record in creating jobs, especially for women, while driving export growth aligns with GIP’s mission to back scalable and inclusive businesses.
MGIL is a subsidiary of Ethical Apparel Africa (EAA), a UK-headquartered sourcing and manufacturing firm with a mission to create over 10,000 quality jobs in West Africa by 2030. The company has already implemented a series of productivity-enhancing technologies—ranging from solar energy systems and digital pattern-making tools to smart metal detection and an advanced ERP platform—resulting in a doubling of output and improved skills transfer to Ghanaian managers.
Keren Pybus, Co-Founder and CEO of Ethical Apparel Africa, expressed confidence in the expansion project and the new partnership. She said the investment supports their vision of building a world-class garment industry in Ghana—one that raises the standard for ethical manufacturing, women’s empowerment, and environmental responsibility.
Beyond factory expansion, MGIL is also setting benchmarks for worker welfare and inclusion. The company has built an on-site wellness centre, introduced compensation systems that offer wages four times the previous average, and is actively working towards a 60% female leadership target. Its efforts have earned it recognition as a 2X-aligned company for advancing gender inclusion.
The expansion project is expected to create over 1,000 new jobs by 2026 while contributing significantly to Ghana’s foreign exchange earnings and industrial development goals through increased exports. As Ghana pushes for diversification of its industrial base, the GIP–MGIL partnership marks a significant step toward making the country a preferred destination for ethical and sustainable garment manufacturing.
