President John Mahama has indicated that the Volta Region will benefit from substantial allocations in the 2027 national budget, with targeted investments in agriculture, tourism, textiles and garments, and the hospitality sector.
He said the planned investments were aimed at stimulating economic growth, strengthening local industries and expanding business and employment opportunities for residents across the region.
Addressing the 2026 Hogbetsotso Festival in Anloga on Saturday, November 7, President Mahama outlined plans to establish the Volta Region as a key centre for tourism, agricultural production and industrial growth.
“Next week, the Minister of Finance will present on my behalf the 2027 budget. In this presentation, we will outline our plan for what we call the new economy. This is a bold initiative that will seek to invest over nine billion dollars ($9b) in sectors of the economy between 2027 and 2030.”
“Volta Region is set to benefit greatly under the new economy policy in the areas of textile, garment, commercial agriculture and hospitality and tourism,” he said.
As part of the government’s industrialisation drive, President Mahama said he had tasked the Ghana Export-Import Bank (EXIM Bank) with establishing a garment factory at Weta in the Ketu North Municipality.
“We have commissioned the Ghana EXIM Bank to commence work on a Light Industrial Area in the Weta area. 200 acres of land have been acquired. This industrial area will be dedicated to the textile and garment industry. We expect that initially, when it starts, it will create some 3,000 jobs and grow eventually to 10,000 jobs when it is fully operational.”
The facility is expected to boost the local garment and textile industry while providing jobs for residents in the area.
