{
  "id": 19787108,
  "title": "Ghana targets global fashion markets with US$1 billion textile investment",
  "url": "https://urgent.news/2026/11/13/ghana-targets-global-fashion-markets-with-us-1-billion-textile",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-13T08:56:26.000Z",
  "source": {
    "name": "3News",
    "slug": "3news",
    "url": "https://3news.com/lifestyle/ghana-targets-global-fashion-markets-with-us-1-billion-textile-investment"
  },
  "original_language": "en",
  "account": "The Ghanaian government has announced a US$1 billion investment to elevate the country's textile and garment industry to a competitive global manufacturing and export sector by 2027. Finance Minister Dr Cassiel Ato Forson introduced the 2027 Budget Statement to Parliament on November 12, 2026, highlighting that the investment would bridge Ghanaian creativity and craftsmanship with industrial progress, international markets, and employment opportunities. The initiative, part of the 24-Hour Economy and Accelerated Export Development Programme, aims to boost local production, expand exports, and generate jobs. Dr Forson emphasized the ambition to produce fabrics, sew garments, and sell Ghanaian brands across the globe, stating, \"Our ambition is clear: fabrics made in Ghana; garments sewn in Ghana; and Ghanaian brands sold across the world.\"\n\nThe investment will fund the modernization of textile mills, the expansion of garment factories, and the creation of dedicated textile and garment industry zones. To support manufacturers, the government plans to offer serviced land, reliable electricity, industrial water, laboratories, warehouses, and factory facilities, enabling them to reduce production costs and handle large orders. Dr Forson stressed the importance of backing local fashion entrepreneurs, promising to connect them with modern equipment, technical assistance, and commercial partnerships to compete in regional and international markets. The government will also revise public procurement laws to mandate the purchase of uniforms, hospital textiles, bedding, and protective wear exclusively from Ghanaian textile and garment manufacturers. The goal is to establish a commercially competitive textile and garment industry by 2030, with the capability to supply international markets and establish a global reputation for Ghanaian fashion brands.",
  "summary": "Ghana will invest US$1 billion in its textile and garment industry, Finance Minister Dr Ato Forson said in the 2027 Budget, targeting global fashion markets.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}