Ghana’s garment sector is set for a major boost as Growth Investment Partners Ghana (GIP) announces a strategic investment in Maagrace Garments Industries Limited (MGIL) to double production capacity and create over 1,000 new jobs by 2026.
The investment, channeled through GIP’s development finance vehicle backed by British International Investment (BII), will fund a new production facility at Maagrace’s Koforidua base. The goal is to scale up exports to meet rising demand from global brands in the US, UK, and Europe while unlocking large-scale job opportunities for women and youth.
“MGIL is proof that Ghana can lead in ethical, export-driven manufacturing,” said Jacob Kholi, CEO of GIP Ghana. “This is about backing inclusive businesses that are built to compete globally.”
Maagrace already employs over 700 workers, 72% of them women. The expansion project is expected to push that figure well past 1,700, supported by automation, warehousing, and technology upgrades. Owned by UK-based Ethical Apparel Africa, Maagrace has become a magnet for ethical sourcing—paying wages up to four times higher than industry averages and investing heavily in female leadership and worker wellbeing.
“Partnering with GIP fast-tracks our vision for a world-class, socially responsible garment industry in Ghana,” said Keren Pybus, CEO of Ethical Apparel Africa. “This is more than factory expansion—it’s about dignity, opportunity, and scaling what works.”
With over 90% of Maagrace’s output heading to international markets, the investment marks a strong signal that Ghana’s industrial sector can deliver jobs at scale while competing on global terms.
