…investment will unlock job opportunities for over 1,000 Ghanaians
Growth Investment Partners (GIP) Ghana Ltd, an investment platform established by British International Investment (BII), has announced an investment in Maagrace Garments Industries Limited (MGIL), a leading Ghanaian garment manufacturing company.
The investment will finance the construction of a new production facility at MGIL’s premises in Koforidua, aimed at developing the industry by boosting production capacity, increasing export volumes, and creating employment at scale—particularly for women and youth.
MGIL is a subsidiary of Ethical Apparel Africa (EAA), an apparel sourcing and manufacturing firm headquartered in the United Kingdom. MGIL currently employs over 700 direct workers, with 72 % of its workforce being women.
The company exports over 90% of its products to major international brands based in the United States, the United Kingdom and Europe. EAA has a strong social purpose and has a mission to create over 10,000 quality manufacturing jobs in West Africa by 2030, while shaping the emerging apparel ecosystem to prioritise people and protect the planet.
Jacob Kholi, Chief Executive and Investment Officer of GIP Ghana said:“ This investment is a testament to Ghana’s industrial potential and our ability to compete globally in ethical garment manufacturing. MGIL’s track record in creating jobs—especially for women—while driving export growth aligns with our mission to back scalable and inclusive businesses.”
Since acquiring MGIL, EAA has invested heavily in productivity-enhancing technologies, including solar power systems, digital pattern software, smart metal detection, and a custom enterprise resource planning (ERP) platform. These innovations have doubled productivity and enabled the successful transfer of technical skills to local middle managers.
Keren Pybus, Co-Founder and CEO of Ethical Apparel Africa commented:
We are thrilled to join forces with GIP as we aim to broaden MGIL’s activities even more. This investment aligns perfectly with our ambition to create an exceptional garment sector in Ghana—a sector that sets new benchmarks for ethical production, gender equality, and eco-friendly practices.
The enlargement of the Koforidua plant will significantly increase current capacity by adding new production machinery and storage areas. According to the firm’s projections, this development should lead to the generation of more than 1,000 extra positions by 2026.
Maagrace is strongly dedicated to assessing and enhancing employee welfare, as evidenced by their establishment of an onsite health center and adoption of compensation systems that provide salaries quadruple those previously earned on average.
MGIL is making significant strides towards achieving a 60% female leadership representation and has been acknowledged as a 2X-aligned organization due to its demonstrable advancements in promoting gender diversity. Additionally, MGIL is pivotal in positioning Ghana as a leading center for garment production, drawing international investments and enhancing the nation’s revenue from exports through its focus on manufacturing for global markets.
Provided by SyndiGate Media Inc.
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