Govt to invest US$1billion in textile, garment industry to boost exports, create jobs

Government will invest US$1 billion in the textile and garment industry between 2027 and 2030 to modernise production, expand manufacturing capacity, boost exports and create jobs. The investment, announced by Dr Cassiel Ato Forson, Minister of Finance, in the 2027 Budget Statement and Economic Policy presented to Parliament on Thursday, forms part of the Government 39;s New Economy Programme, which will be implemented under the 24-Hour Economy and Accelerated Export Development Programme.