Ghana unveils draft policy to transform textile industry by 2033
At a recent stakeholder validation workshop in Accra, the country’s Deputy Trade Minister Samson Ahi reiterated the government’s strong commitment to revitalising the sector.
Ghana has unveiled a draft policy to transform its textile industry into a $2-billion economic engine by 2033.
The plan targets $1.2 billion in investments, 150,000 jobs and cotton farming revival across 50,000 hectares to tackle cheap imports hitting domestic manufacturers.
The sector has struggled for decades under rising production costs, raw material scarcity and competition from Asian manufacturers.
He termed the goals ‘ambitious, but achievable’ and said the policy aims at positioning Ghana as a competitive player in global textile markets.
The country’s textile industry has struggled for decades under rising production costs, raw material scarcity and competition from Asian manufacturers.
The new framework seeks to reverse this by attracting long-term capital, boosting cotton cultivation and streamlining value chains, domestic media outlets reported.
Fibre2Fashion News Desk (DS)
