The Minister of Trade, Agribusiness and Industry, Hon. Elizabeth Ofosu-Adjare, has refuted claims that 70% of foreigners are controlling the retail market in the country.
She emphasized that there is no empirical evidence to show that, the claim is true stressing that the Ministry has put in place strenuous measures to ensure that retail market become sole bona-fide of Ghanaians.
The Minister of Trade, Agribusiness and Industry, Hon. Elizabeth Ofosu-Adjare addressing the media
The Minister made the statement when she took her turn at the Government Accountability Series held in Accra on Wednesday (January 21, 2026).
The Tachiman North Member of Parliament however blamed some Ghanaians who front retail businesses for Foreigners describing the act as unacceptable
Touching on the outlook of the Ministry, the Minister described the 2026 outlook of the Ministry as promising expressing confidence in the prospects for Ghana’s trade and industrial sector.
She added that the outlook looks even more promising than the achievements recorded in 2025.
“last year was marked by stronger industrial activity, declining prices, heightened investor interest, and the rollout of policies aimed at reinforcing the sector”, Hon. Ofosu Adjare stressed.
She said the future looks promising as government plans to deepen its support for the private sector, particularly through the establishment of three large garment factories.
She stressed that these factories could generate up to 27,000 jobs over time, underscoring the sector’s potential to provide immediate employment opportunities due to minimal training requirements.
“The successes of 2025 are evident – industry is performing well, prices are stabilising, and investor confidence is on the rise. But 2026 looks even more promising,” she said.
“The government will back the private sector to set up three large garment factories, aiming to employ 27,000 people in the long run. Garment factories are labour-intensive, and the beauty is that workers do not need months of training before starting work. This is a major advantage for employment”, the Minister emphasized
The minister described the initiative as a strategic step towards expanding industrial capacity, tackling unemployment, and strengthening Ghana’s manufacturing base, reaffirming the government’s commitment to private sector–driven economic growth.
Source:www.senaradioonline.com
