Volta Region to benefit greatly from 2027 budget – President Mahama

President John Mahama has announced that the Volta Region will receive a substantial portion of the 2027 national budget, with investments anticipated in key sectors such as agriculture, tourism, textile and garment, and hospitality. Speaking at the 2026 Hogbetsotso Festival in Anloga on November 7, the President discussed the government's plans to transform the Volta Region into a prominent destination for tourism, agriculture, and industrial development.

The President stated that next week, the Minister of Finance will unveil the 2027 budget, which will encompass a new economic strategy. This strategy aims to invest over nine billion dollars ($9b) in various sectors of the economy between 2027 and 2030.

The Volta Region is poised to benefit significantly from this new economy policy, particularly in the areas of textile and garment production, commercial agriculture, and tourism. To advance the industrialization agenda, President Mahama has commissioned the Ghana Export-Import Bank (EXIM Bank) to establish a garment factory in Weta, located in the Ketu North Municipality.

A portion of 200 acres of land has been allocated for this industrial area, which will primarily focus on the textile and garment industry. It is projected that the factory will initially generate approximately 3,000 jobs, with the potential to expand to 10,000 jobs upon full operation. This initiative is expected to stimulate economic activities and create employment opportunities for residents in the region.