Ghana to set up 3 garment factories with private sector collaboration
This formed part of President John Dramani Mahama's rapid industrialisation for job initiative, and the ministry was promoting strategic value addition to revive deformed industries and scale up production for both domestic and international markets, she told the second edition of the Kwahu Business Forum at Mpraeso in the Kwahu South district of the Eastern Region.
The Forum is a major government initiative to foster entrepreneurship and support the growth of domestic small and medium enterprises (SMEs).
Ghana plans to set up three garment units, each capable of offering 3,000 jobs per shift, creating 27,000 jobs under the 24-hour Economy Policy, according to the country's Minister of Trade, Agribusiness and Industry Elizabeth Ofosu-Adjare. It intends to collaborate with the private sector in the effort. A top priority this year is to pass the Business Regulatory Reform Commission Bill, she said.
This year's Forum stressed the importance of aligning the nation's financial systems with national development priorities to support entrepreneurship, industrialisation and inclusive economic growth, she was cited as saying by domestic media outlets.
A top priority this year is to pass the Business Regulatory Reform Commission Bill, which would institutionalise reforms, mediate public-private sector concerns and enforce regulatory impact assessments, she added.
She would be leading a high-powered private sector delegation to China to pursue targeted business-to-business (B2B) engagement.
Fibre2Fashion News Desk (DS)
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