President John Mahama says the Volta Region 2027 budget share will deliver massive investments across agriculture, tourism, textiles, and hospitality under the government's upcoming New Economy policy.
Speaking at the 2026 Hogbetsotso Festival in Anloga on Saturday, November 7, Mahama told traditional leaders and residents that the region is positioned to become a major driver of industrial and economic 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." - President Mahama
"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 added.
New Garment Factory for Weta
To jumpstart the region's industrial push, Mahama revealed that he has directed the Ghana Export-Import Bank to construct a dedicated textile and garment hub 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." - President Mahama
The 200-acre project forms part of a broader industrial strategy aimed at adding value to local resources and providing long-term employment for youth across the Volta Region.
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