itma 2027

Ghana Unveils Ambitious Plan to Revive Textile Sector with $2 Billion Target by 2033

Ghana’s government has set its sights on revitalizing its struggling textile industry with a bold new policy aimed at transforming the sector into a $2 billion economic engine by 2033. The draft policy, unveiled this week, outlines plans to attract $1.2 billion in fresh investments, create 150,000 new jobs, and revitalize cotton farming across 50,000 hectares of land—an effort to counter the increasing influx of cheap textile imports that have eroded local manufacturing.

During a stakeholder workshop in Accra, Deputy Trade Minister Samson Ahi emphasized that the goals, though ambitious, are achievable. “This isn’t just reviewing documents; it’s about creating a shared roadmap for the future of the sector,” Ahi said. The policy aims to position Ghana as a competitive force in global textile markets while addressing high youth unemployment, which hovers near 15%.

Labour Minister Dr. Abdul-Rashid Pelpuo also stressed the importance of competence over patronage in executing the policy, calling for a “mindset reset” to ensure that the country’s textile revival isn’t undermined by inefficiency or overstaffing. “We need to hire based on competence, not patronage,” Pelpuo stated, underscoring concerns that past inefficiencies have hindered progress in the sector.

For decades, the textile industry in Ghana has faced mounting challenges, including rising production costs, limited access to raw materials, and intense competition from Asian manufacturers. The new policy aims to combat these issues by attracting long-term investment, boosting cotton cultivation, and streamlining the value chain.

If successful, the initiative could help mitigate the growing threat posed by ultra-fast fashion platforms like Shein and Temu, which have flooded the market with low-cost imports, threatening local jobs and industries.

The new blueprint has been met with optimism from both cotton farmers in Ghana’s rural belt and factory workers in the country’s declining industrial hubs. However, as global fast fashion giants tighten their grip, the success of Ghana’s textile revival will depend on its ability to turn ambitious targets into tangible employment opportunities and economic growth on the ground.

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