…this investment will create more than 1,000 new jobs.
Growth Investment Partners (GIP) Ghana Ltd., a venture initiated by British International Investment (BII), has declared an investment in Maagrace Garments Industries Limited (MGIL), which is a prominent player in Ghana’s garment production sector.
This funding will support the establishment of a new manufacturing plant at MGIL’s site in Koforidua. The objective is to stimulate growth within the sector through enhanced production capabilities, expanded exports, and large-scale job creation—with an emphasis on opportunities for women and young people.
MGIL is a part of Ethical Apparel Africa (EAA), which is an apparel sourcing and production company based in the UK. Currently, MGIL has more than 700 employees directly working for them, and among these staff members, 72% are women.
The firm ships more than 90 percent of its goods to prominent international labels located in the United States, the United Kingdom, and Europe.
The EAA is driven by significant social goals and aims to generate more than 10,000 high-quality manufacturing positions in West Africa by the year 2030. Additionally, they strive to mold the developing apparel industry with an emphasis on benefiting individuals and safeguarding environmental health.
Jacob Kholi, who serves as both the Chief Executive and Investment Officer at GIP Ghana, stated: “This investment underscores Ghana’s significant industrial capabilities and our capacity to excel internationally within the realm of ethical clothing production. The history of MGIL in generating employment opportunities—particularly for women—and fostering an increase in exports resonates perfectly with our commitment to supporting ventures that can scale up inclusively.”
Following the acquisition of MGIL, EAA has made significant investments in technology aimed at boosting efficiency. These include implementing solar energy systems, adopting digital pattern software, integrating advanced smart metal detectors, and deploying a bespoke ERP system.
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, stated: “We are thrilled to collaborate with GIP to broaden MGIL’s activities. This investment aligns with our mission to establish a top-tier apparel sector in Ghana, one that sets new benchmarks for ethical production, female empowerment, and environmental stewardship.”
The enlargement of the Koforidua plant will significantly increase current capabilities by adding new manufacturing machinery and expanding storage areas. According to the firm’s projections, this development should lead to the generation of more than 1,000 tambahanpositions 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 the former average income levels.
MGIL is diligently striving to achieve a 60% representation of women in leadership roles and has been acknowledged as a 2X-aligned firm due to its quantifiable advancements in promoting gender diversity. Additionally, MGIL is instrumental in positioning Ghana as a prominent center for garment manufacturing, drawing foreign direct investments and enhancing the nation’s foreign exchange revenues through its focus on exports.
Provided by SyndiGate Media Inc.
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