In Parliament, the Finance Minister outlined several major initiatives that will significantly boost Ghana’s trade, agribusiness and industrial transformation agenda. I am pleased to highlight these key allocations to the Ministry of Trade, Agribusiness and Industry:
Modern Textiles & Garments
Government will partner the private sector to establish three new garment factories in Bono East, Central and Eastern Regions. These factories will operate in three shifts and are expected to create over 27,000 direct jobs, transforming livelihoods and expanding our export capacity.
Metals Industry Support
To strengthen local manufacturing and prevent the loss of raw materials, government will restrict the export of non-ferrous scrap metals. This will feed domestic industries involved in construction, electronics, automotive parts, cables, batteries, tools and jewellery.
Rubber Value Chain Growth
Despite having processing capacity of over 178,000 tonnes annually, Ghana produces only about 100,000 tonnes of raw rubber. To secure raw materials for local processors, government will also restrict the export of raw rubber, ensuring a stronger and more sustainable rubber value chain.
Operationalization of Seven Agro-Processing Plants
Seven new agro-processing factories in the Northern, Central, Ahafo, Bono, North East, Bono East and Western North Regions will be fully operationalized. These plants will process yam, fish, poultry, cashew, rice, shea butter and palm kernel oil, creating over 700 direct jobs and reducing post-harvest losses while supporting out-growers.
Boosting Cashew Processing
Under the President’s Accelerated Export Development Initiative, two new cashew processing plants will be constructed by Ghana EXIM Bank at Sampa (Bono Region) and Aboabo, Techiman (Bono East Region) to enhance value addition and drive export earnings.
These initiatives reflect our unwavering commitment to building a strong industrial base, promoting agribusiness, creating jobs and adding value to Ghana’s natural resources.
