Why Invest in Ghana's Textile Industry
Looking for a compelling reason to invest in Ghana? Consider the following:
1. Growing Demand for Textile: Ghana's central position in West Africa not only ensures efficient and cost-effective distribution of textiles globally but also grants access to the vast ECOWAS market, comprising over 350 million people. With an average flying time of 8 hours to major international markets, Ghana minimizes travel time, bolstering the textile industry's efficiency and making it a hub for both domestic and international textile demand.
2. Efficient Seaport Infrastructure: Ghana boasts the largest seaport in the West African sub-region. This translates into shorter lead times for exporting textiles to the European Union (EU) and United States (US) markets, which, in turn, contributes to increased demand.
3. Access to AGOA and AfCFTA: Ghana's participation in initiatives like the African Growth and Opportunity Act (AGOA) provides businesses with tariff-free access to the lucrative US market. This translates into significant savings, with up to 32% in duty savings, not to mention an additional 7.5% (China surcharge) savings compared to China or Asia. Additionally, with continental agreements like the African Continental Free Trade Area (AfCFTA), Ghana is poised to provide access to 2 billion people by 2050, further fueling international demand for its textile.
4. Duty-Free Advantage: Ghana offers a unique duty-free advantage for textiles. Shipping textile from Ghana to the East Coast takes just 25 days, making it a competitive option. Air freight costs are also favorable, with direct flights to the USA and EU, making it accessible and affordable.
The Dawa Industrial Zone Advantage
Investors can effortlessly establish industries in Ghana at Dawa Industrial Zone, benefitting from a hassle-free one-stop-shop approach for land acquisition, access to major transportation routes, state-of-the-art infrastructure, reliable security, and professional advice, saving time, effort, and costs associated with legal and bureaucratic hurdles.
Leverage these 5 key advantages to grow your textile business in Dawa:
5. Competitive Labour Costs: Labour costs in Ghana are highly competitive, with workers earning an average of $80 per month. Additionally, obtaining work permits is easy and cost-effective, and the workforce is English-speaking, making it a preferred choice for investors.
6. Affordable Power: Power costs in Ghana are attractive, with a national strategy aiming for rates as low as 5 cents per kilowatt-hour, primarily from hydroelectric sources. This cost-effectiveness is a significant factor in your investment's success.
7. Stability and Ease of Doing Business: Ghana is a politically stable democracy with a fair, equitable, and transparent judicial system. This stability and security create an ideal environment for businesses.
8. Duty-Free Access: Where else can you get duty-free access with fabric from anywhere in a stable offshore origin where the workers speak English? West Africa offers duty-free access for textiles from anywhere to the USA, EU, and UK.
Why Dawa?
The establishment of the Dawa Industrial Zone underscores Ghana's commitment to supporting textile and apparel manufacturing. This 2000-acre industrial park, located in proximity to key transportation hubs such as ports and airports, provides an ideal ecosystem for textile production. It offers an efficient infrastructure, reliable electricity supply, and streamlined customs processes, reducing production lead times and ensuring seamless access to both domestic and international markets. Investing in the Dawa Industrial Zone positions businesses to capitalize on Ghana's strategic advantages and tap into the expanding textile markets effectively.
What Our 170-acre Textile Village Has To Offer You
If you are planning to start a cloth manufacturing business, you need the best industrial park with the latest high-end technology that makes your business more successful. The Dawa Industrial Zone provides a perfect environment for textile businesses to leverage the industry's value chain. From textile manufacturing to garment production and export, Dawa Industrial Zone provides the necessary infrastructure, including a dedicated power plant, water supply, and internet connectivity to support textile businesses in carrying out their activities and facilitate growth in the industry.
The Dawa Industrial Zone Advantage
Investors can effortlessly establish industries in Ghana at Dawa Industrial Zone, benefitting from a hassle-free one-stop-shop approach for land acquisition, access to major transportation routes, state-of-the-art infrastructure, reliable security, and professional advice, saving time, effort, and costs associated with legal and bureaucratic hurdles.
Leverage these 5 key advantages to grow your textile business in Dawa:
Ready to Invest?
Send us an email at enquiries@diz-ghana.com to get started!
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