President John Dramani Mahama has urged investors in the United Kingdom to consider Ghana as a top African investment destination, noting the country’s stability, democratic credentials, and developing economy.
As part of his working tour, President Mahama spoke at the inauguration of the Ghana-UK Investment Summit in London yesterday. He stated that Ghana stood out in a quickly changing global economy where investors were looking for stable and forward-thinking economies.
Ghana, he said, had “political stability, democratic maturity, strategic geographic access, improving macroeconomic fundamentals, and a government committed to creating a transparent and investor-friendly business environment.”
The President underlined that Ghana’s people were its greatest asset, characterising them as a youthful, aspirational, and enterprising populace functioning inside one of the most stable democratic regimes in Africa.
He clarified that the nation’s legal system, which was based on English common law and had a long history of stable institutions and peaceful political transitions, remained autonomous and predictable.
According to President Mahama, his administration is pursuing public sector reforms, digitising public services, and increasing regulatory efficiency to improve the business climate because it understands how important stability is to investors.
He went on to say that Ghana was not only a market with more than 34 million consumers, but also a vital entry point to both the African Continental Free Trade Area (AfCFTA), which encompasses more than 1.4 billion people with a combined GDP of more than US$3 trillion, and the ECOWAS region, which has a population of over 425 million.
Ghana was well-positioned to act as a conduit for accessing these prospects, President Mahama emphasised, adding that no serious international investor could overlook the enormous potential that were rising throughout Africa.
He stated that Ghana was open to business and prepared to collaborate with investors in ways that would boost industrialisation, increase exports, transfer technology, develop skills, and generate jobs.
The President stated that long-term alliances based on respect, openness, and shared prosperity were of special relevance to his government.
Regarding the economy, President Mahama claimed that despite taking over what he called a precarious state characterised by high inflation, debt vulnerabilities, and eroded investor confidence, the nation has made great strides toward regaining stability.
He clarified that stability and confidence had been restored through fiscal consolidation, disciplined economic management, and improved cooperation between monetary and fiscal institutions.
He said that while overseas reserves had grown from US$8.9 billion to US$13.9 billion, helping to support the local currency, inflation had decreased from 23.8% in 2024 to 3.4% in April 2026. The economy had expanded to a GDP of US$114 billion, he continued, and interest rates were decreasing.
President Mahama reaffirmed the government’s goal of developing a productive, export-driven, industrialised, and technologically advanced economy that will provide investors with competitive returns while opening up possibilities for citizens.
He claimed that the 24-hour economy plan, which was propelling investments in energy, the green transition, agriculture, infrastructure, and technology, was a crucial component of this change.
Source: newsthemegh.com