GIP, MGIL partner to strengthen Ghana's garment manufacturing industry

Growth Invest­ment Partners (GIP) Ghana Ltd, an invest­ment level established by British International Investment (BII), has invested successful Maagrace Garments Industries Limited (MGIL), a Ghanaian garment manufacturing company.

The concern volition concern the operation of a caller accumulation installation astatine MGIL’s premises successful Koforidua, aimed astatine processing the manufacture by boost­ing accumulation capacity, increas­ing export volumes, and creating employment astatine standard peculiarly for women and youth.

Jacob Kholi, Chief Executive and Investment Officer of GIP Ghana successful a connection issued successful Accra yesterday said, “This invest­ment is simply a testament to Ghana’s concern imaginable and our quality to vie globally successful ethical gar­ment manufacturing.

“MGIL’s way grounds successful creat­ing jobs, particularly for wom­en, portion driving export maturation aligns with our ngo to backmost scalable and inclusive businesses,” helium said.

Since acquiring MGIL, EAA has invested heavy successful produc­tivity-enhancing technologies, including star powerfulness systems, dig­ital signifier software, astute metallic detection, and a customized endeavor assets readying (ERP) platform.

These innovations person dou­bled productivity and enabled the palmy transportation of method skills to section mediate managers.

MGIL is simply a subsidiary of Ethical Apparel Africa (EAA), an apparel sourcing and manufac­turing steadfast headquartered successful the United Kingdom.

It presently employs implicit 700 nonstop workers, with 72 percent of its workforce being women.

The institution exports implicit 90 per cent of its products to large planetary brands based successful the United States, the United King­dom and Europe.

EAA has a beardown societal pur­pose and has a ngo to make implicit 10,000 prime manufacturing jobs successful West Africa by 2030, portion shaping the emerging apparel ecosystem to prioritise radical and support the planet.

Keren Pybus, Co-Founder and CEO of Ethical Apparel Africa said, “We are delighted to spouse with GIP to further grow MGIL’s operations. This concern supports our imaginativeness of gathering a world-class garment manufacture successful Ghana, 1 that raises the modular for ethical manufac­turing, women’s empowerment, and biology responsibility.”

The enlargement of the Koforid­ua installation volition much than double

existing capableness done instal­lation of caller accumulation equip­ment and warehousing space. The institution estimates the enlargement volition enactment the instauration of implicit 1,000 further jobs by 2026.

The connection said Maagrace was profoundly committed to measur­ing and continuously improving idiosyncratic well-being, having already built an on-site wellness centre and implemented wage structures that connection wages 4 times higher than erstwhile mean earnings.

MGIL is actively moving toward a 60 percent pistillate enactment people and is recognised arsenic a 2X-aligned institution for its measurable advancement successful sex inclusion.

It is besides playing a cardinal relation successful establishing Ghana arsenic a highly competitory garment manufactur­ing hub, attracting overseas nonstop concern and contributing to the country’s overseas speech net arsenic an export-focused business