Mahama highlights economic recovery, promotes investment ppportunities at Ghana-UK Summit

President John Dramani Mahama has outlined what he described as Ghana’s remarkable economic turnaround, stating that the country has made significant progress in restoring stability, rebuilding investor confidence and creating a more attractive environment for business and investment.

Addressing participants at the Ghana-UK Investment Summit in London on Monday, June 1, 2026, President Mahama recalled the economic challenges his administration inherited upon assuming office in 2025.

According to him, the country was grappling with high inflation, weakened investor confidence, limited fiscal space due to debt vulnerabilities and widespread uncertainty affecting businesses and economic activity.

He said the government responded with a series of strategic interventions aimed at restoring macroeconomic stability and strengthening the foundations of the economy.

“Through disciplined economic management, institutional reforms, fiscal consolidation and enhanced coordination between monetary and fiscal authorities, we have restored stability and renewed confidence in the Ghanaian economy,” the President stated.

Mr. Mahama highlighted several key economic indicators which he said demonstrate the country’s recovery. He noted that inflation had fallen sharply from 23.8 per cent in December 2024 to 3.4 per cent by April 2026.

He also revealed that Ghana’s international reserves had increased from approximately US$8.9 billion to nearly US$13.8 billion, providing stronger protection against external shocks and supporting exchange rate stability.

The President further pointed to declining interest rates, the appreciation of the Ghana cedi against major international currencies and improved sovereign credit ratings as evidence of renewed economic confidence.

According to him, these gains are already creating a more predictable business environment and improving planning conditions for investors.

“These improvements are not abstract macroeconomic indicators. They translate into a more predictable investment environment, lower operating uncertainty, greater currency stability and improved planning conditions for businesses and investors,” he said.

President Mahama disclosed that Ghana’s economy expanded by about six per cent in 2025, pushing the country’s Gross Domestic Product (GDP) beyond US$114 billion and reinforcing its position as one of Africa’s leading economies.

He reiterated his administration’s commitment to building an export-led, industrialised and technology-driven economy capable of generating jobs and attracting long-term investment.

Central to that agenda, he said, is the government’s flagship 24-Hour Economy and Accelerated Export Development Programme.

The President explained that the initiative is designed to maximise the use of infrastructure, industries, logistics systems, ports, labour and energy resources around the clock in order to increase productivity and strengthen Ghana’s competitiveness.

He noted that the programme is expected to stimulate manufacturing, expand exports, create employment opportunities and deepen regional trade integration.

“We are aligning policy, infrastructure, incentives, skills development, transport systems, power reliability and financing mechanisms to support businesses operating beyond traditional working hours,” he said.

Mr. Mahama added that the programme presents significant opportunities for investors in sectors such as logistics, industrial parks, warehousing, cold-chain infrastructure, transport, agro-processing, manufacturing, retail, information technology and energy.

The President also identified agriculture as one of Ghana’s most promising sectors for investment.

Under the government’s Feed Ghana Programme, he said efforts are underway to modernise agriculture through improved irrigation, support for commercial farming, agro-industrial development and expanded food processing capacity.

He noted that investment opportunities exist across several value chains, including cocoa processing, oil palm production, cashew, shea, horticulture, poultry, rice cultivation, fisheries and cold-chain logistics.

“For investors seeking scalable agricultural opportunities linked to regional and global markets, Ghana offers both the demand and the strategic location,” President Mahama stated.

He encouraged international investors to take advantage of Ghana’s improving economic conditions and strategic position within West Africa to expand their operations and partnerships.