Government plans $10bn investment to boost local production and jobs
By: Jennifer Nerkie Kenney Government is preparing to introduce a $10 billion, five-year domestic investment framework aimed at boosting local production, expanding industrial capacity and creating employment opportunities across the country. Speaking on behalf of the Chief of Staff at the fifth Ghana CEO Vision and Awards at the Kempinski Hotel in Accra on Friday, […]
Government is crafting a $10 billion, five-year plan to stimulate local production and job creation across Ghana. Chief of Staff Julius Debrah unveiled the initiative at the Kempinski Hotel in Accra on October 30, 2026, as part of the country's new economic blueprint expected in the 2027 national budget. Half of the investment would focus on agriculture, irrigation, agro-processing, and agribusiness to diminish reliance on food imports and bolster domestic production.
The framework targets youth unemployment by generating employment opportunities for thousands of job seekers. Priority sectors include manufacturing, pharmaceuticals, and mineral processing, with the aim of transitioning from exporting raw materials to processing and refining locally. The government is also seeking strategic investors to establish processing and refining facilities, battery value-chain industries, and advanced manufacturing enterprises, particularly around lithium, manganese, and gold resources.
The 24-hour economy initiative encourages businesses to adopt multi-shift production models and embrace digital technologies to enhance productivity and expand employment. Debrah emphasized that the private sector is vital for sustainable economic growth, job creation, and prosperity. He urged businesses to transition from preservation to expansion, caution to investment, and local ambition to continental competitiveness.
Written by urgent.news from GBC Ghana's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
