Ghana is set to establish three garment manufacturing plants, each designed to create 3,000 jobs per shift, resulting in a total of 27,000 new jobs under the 24-Hour Economy Policy, as stated by Elizabeth Ofosu-Adjare, the country’s Minister of Trade, Agribusiness and Industry. This initiative aims to engage with the private sector for successful implementation.
This initiative is part of President John Dramani Mahama’s strategy for rapid industrialization and job creation. The ministry is actively promoting strategic value addition to revitalize struggling industries and enhance production for both local and global markets. Ofosu-Adjare mentioned this during the second edition of the Kwahu Business Forum held in Mpraeso within the Kwahu South district of the Eastern Region.
The Forum serves as a significant government effort to encourage entrepreneurship and bolster the development of domestic small and medium enterprises (SMEs).
This year, the Forum highlighted the importance of aligning the country’s financial systems with national development goals to foster entrepreneurship, industrialization, and inclusive economic growth, as reported by local media outlets.
A key objective this year is to pass the Business Regulatory Reform Commission Bill, which aims to institutionalize reforms, address public-private sector issues, and enforce regulatory impact assessments, she noted.
Furthermore, she will lead a high-level delegation from the private sector to China to facilitate targeted business-to-business (B2B) interactions. The Ghana garment factories initiative is expected to play a crucial role in transforming the country’s economy and creating sustainable job opportunities.
