The government, in partnership with the private sector, plans to establish three garment factories, each capable of employing 3,000 workers per shift, amounting to 27,000 jobs, as part of President John Dramani Mahama’s 24-hour Economy Policy.
This was announced by the Minister of Trade, Agribusiness and Industry, Mrs. Elizabeth Ofosu-Adjare, at the second edition of the Kwahu Business Forum held in Mpraeso, Eastern Region.
She said that this forms part of a broader industrialisation and job creation drive aimed at reviving distressed industries and enhancing value addition for domestic and export markets.
The Minister also announced plans to launch a Pharmaceutical Manufacturing Development Policy to incentivise local production of essential medicines, urging pharmaceutical firms to scale operations for both local consumption and exports.
Highlighting further industrial initiatives, Mrs. Ofosu-Adjare said a component manufacturing policy is being finalised to support the automotive sector, with a call on local artisans at Abossey Okai, Kokompe, and Suame Magazine to invest in vehicle parts production.
She reiterated government’s commitment to creating a business-friendly environment through the Business Regulatory Reform Programme, a collaboration involving over 50 institutions, including MMDAs, the Ghana Revenue Authority, the Registrar of Companies, and the Bank of Ghana.
In positioning Ghana competitively on the global trade front, she said the government is also advancing the Accelerated Export Development Programme to strengthen exports in key sectors like garments, processed foods, and pharmaceuticals. “These efforts are supported by the Ghana Export Promotion Authority and the AfCFTA Coordination Office,” she added.
As part of international outreach, the Minister also announced an upcoming business delegation to China to pursue targeted Business-to-Business (B2B) engagements.
Mrs. Ofosu-Adjare called on traditional leaders to support the initiative by providing land and urged businesses to invest in agro-processing, particularly women-led enterprises, which the government is supporting through training, equipment access, and market facilitation.
