DBG, AGI policy dialogue charts reform roadmap for textiles, garments sector

At a recent event, DBG’s CEO, Dr. Randolph Nsor-Ambala, spoke about their goals. He emphasized their commitment to sustainable industrial transformation. This will be achieved through strategic financing and partnerships.

“DBG is key to Ghana’s development agenda,” he stated. “We are not just financiers but also drivers of structural change.” He highlighted the importance of partnerships and inclusive finance for a resilient economy. The dialogue on textiles and garments supports their mission for sustainable growth.

Dr. Humphrey Kwesi Ayim Darke, President of AGI, urged the government to create stable incentives. He noted that industry players are ready to invest if policies are clear and enforced.

DBG announced targeted initiatives for sector growth. They plan to conduct a feasibility study on industry intelligence gaps. This study will map the entire value chain from raw materials to garment manufacturing.

The Bank is also working with Participating Financial Institutions (PFIs). They aim to identify five bankable projects and assess capacity needs for technical assistance. These efforts will support DBG’s upcoming sector action plan.

This plan aims to combine long-term finance with data and training for industrial growth. Both organizations intend to create a detailed policy brief from the dialogue's outcomes. This document will include draft regulations and recommended investment incentives.

If implemented effectively, experts believe this roadmap could boost wax print production in Tema. It may also enhance cut-and-sew operations in Accra’s industrial areas. Additionally, it could reshape Ghana’s industrial policy towards labor-absorbing value chains.

Participants left the forum feeling optimistic about future actions. They were encouraged by the collaboration between government, finance, and industry.