Investment Opportunities

Ghana has a reputation for producing high quality, traditionally designed printed cloth. The widely celebrated Kente cloth of the Ashanti and Ewe people are hand-woven and brightly coloured with traditional symbols and design.

African textiles have gained an international reputation for their patterns, but national branding had not been promoted heavily in the past. Promoting high quality, traditionally designed fabrics as "Made in Ghana" appeal to the niche USA markets that manufacturers are beginning to serve.

The following investment opportunities are available:

  • Production

Textile companies to set up factories in Ghana to produce for the US market.

  • Marketing and Distribution

Buyers and sellers to make exploratory visits to Ghana and request trial orders.

Textile manufacturers to set up factories in Ghana to supply fabrics.

  • Raw Materials

Fabric suppliers to supply raw material requirements for Ghanaian textile manufacturers.

  • Technological and Supporting Services

Suppliers of textile manufacturing equipment to supply the Ghanaian market on a sustainable basis.

Need for suppliers and financiers of factory building technology.

The Market

The main markets for textile and textile products are mainly the US and EU. Over the last five years, exports of cotton textiles and textile products have shown consistent upward increases.

As seen in table 1, total exports of textiles and garments amounted to US $ 53,549,700 in 2011.  Also the volume of textiles and garments exported in 2011 was 24,387,967.

The leading product was cotton fabrics (grey baft), which contributed an amount of US $19,499,290 with a total weight of 823,198 kgs. The second leading product was raw/lint cotton which accounted for US $16,928,721 with a total weight of 8,557,724 kgs.

 

Table 1

PRODUCTS

WEIGHT

KGS

VALUE

USD

Garments/clothing

317,435

2,408,271

Cotton fabrics (grey baft)

823,198

19,499,290

Textile products nes

12,545,465

11,396,261

Sacks and bags

1,840,285

2,223,150

Carpets

111,301

333,532

Sewing Thread

43,064

260,017

Twine, cordage, rope

81,589

35,449

Bedspreads

39,955

107,488

Raw/lint cotton

8,557,724

16,928,721

Linens

1,942

4,101

Curtains

272

6,647

Towells

43

214

Tarpaulins

9,726

149,461

Sub Total

                             24,371,999

 

                             53,352,602

 

Investing in Ghana's textiles and garment industry

Sector Overview

Textile manufacturing in Ghana is an industry consisting of ginneries and textile mills producing batik, wax cloth, fancy printed cloth and Kente cloth. Firms have located in Ghana to serve local and regional markets with printed African patterned fabrics. The industry has shown signs of significant growth in recent years, promoting high-quality traditionally designed fabrics as "Made in Ghana" to niche markets, especially the US.

Ghanaian textile companies prefer to locate within designated industrial areas to take advantage of Ghana's free zone regime and stable operating environment. Today, Ghana's textiles industry include vertically integrated mills, horizontal weaving factories and the traditional textile manufacturing firms involved in spinning, hand-weaving and fabric-processing.

Textile exports include:

  • Cotton yarn]
  • Cotton fabric
  • Printed fabric
  • Polyester fabric
  • Blankets
  • Bed sheets

The dry, savannah climate in the northern regions of the country is ideal for the cultivation of cotton, which is the primary material used by mills, weavers, batik, and tie-dye manufacturers in Ghana.

The industry is supported by National Vocational Training Institutes throughout the country. These institutes provide basic practical and theoretical training in tailoring and dressmaking. There are also a growing number of private fashion design institutes and internationally acclaimed designers that teach latest techniques to aspiring textile designers.

The government has initiated various policies aimed at restructuring and improving the textiles industry. The objectives include

  • Increase of employment opportunities for the growing population
  • Expansion and diversification of the economy
  • Promotion of both domestic and foreign investment