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Sunday, April 20, 2025

Government to revive collapsed industries, build 3 state-of-art garment factories

Elizabeth Ofosu-Adjare, Minister of Trade, Agribusiness and Industry play videoElizabeth Ofosu-Adjare, Minister of Trade, Agribusiness and Industry

The Minister of Trade, Agribusiness, and Industry, Elizabeth Ofosu-Adjare, has announced plans to revive nearly collapsed industries in the country as part of efforts to promote strategic value addition.

This initiative aims to scale up production to meet both domestic and international market demands.

Speaking at the second Kwahu Business Forum on Saturday, April 19, 2025, the Trade Minister revealed that the government will partner with the private sector to establish three state-of-the-art garment factories.

According to Elizabeth Ofosu-Adjare, these factories are expected to create 27,000 jobs for the country’s growing unemployed youth population.

“The ministry is promoting strategic value addition, reviving struggling industries, and scaling up production for both domestic and international markets. Under this initiative, we plan to establish, with support from the private sector, three state-of-the-art garment factories. Each will have the capacity to employ 9,000 people, creating a total of 27,000 jobs under the 24-hour economy policy,” she stated.

The theme for this year’s Kwahu Business Forum is “The Future of Business: The Role of the Financial Sector.”

SA/MA

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