GIP Backs Maagrace Garments to Expand Production, Create Over 1,000 Jobs in Ghana’s CSector
Growth Investment Partners (GIP) Ghana Ltd, an investment platform backed by British International Investment (BII), has announced a strategic investment in Maagrace Garments Industries Limited (MGIL), aimed at scaling up Ghana’s garment manufacturing industry and driving inclusive job creation.
The investment will fund the construction of a new production facility in Koforidua, Eastern Region, expanding MGIL’s output capacity and positioning the company to increase its export volumes significantly. The expansion is expected to generate over 1,000 new jobs by 2026, with a strong focus on empowering women and youth.
MGIL, a subsidiary of Ethical Apparel Africa (EAA), already employs more than 700 workers—72% of them women—and exports over 90% of its garments to clients in the US, UK, and Europe. The company has distinguished itself with its commitment to ethical manufacturing and gender inclusion, earning recognition as a 2X-aligned company for its progress in promoting women in leadership roles.
“This investment is a testament to Ghana’s industrial potential and our ability to compete globally in ethical garment manufacturing,” said Jacob Kholi, CEO of GIP Ghana. “MGIL’s track record in creating jobs—especially for women—while driving export growth aligns with our mission to back scalable and inclusive businesses.”
Since acquiring MGIL, EAA has invested in advanced technologies including solar energy systems, smart quality control tools, and digital manufacturing platforms, which have doubled productivity and accelerated local talent development.
“We are delighted to partner with GIP to further expand MGIL’s operations,” added Keren Pybus, CEO and Co-Founder of Ethical Apparel Africa. “This investment supports our vision of building a world-class garment industry in Ghana—one that raises the standard for ethical manufacturing, women’s empowerment, and environmental responsibility.”
The upgraded facility will feature new production lines and warehousing space, while continuing to prioritize worker well-being. MGIL has already implemented progressive pay structures that offer wages four times the previous average, and established an on-site wellness centre to support employee health.
The move aligns with Ghana’s broader industrialization strategy and is expected to strengthen the country’s position as a competitive garment export hub in West Africa, attracting further foreign investment and increasing foreign exchange earnings.
