Ghana is at an important moment in its economic journey, on a reset borne out of a vibrant and visionary leadership, and a renewed hope. The country is once again open to become the premier destination for both local and foreign investors in Africa. With a focus on comprehensive economic recovery, infrastructure development, and regulatory reforms, the Government of Ghana is firmly committed to creating a friendly business environment that fosters growth, innovation, and sustainable development.
Investors in the recent past struggled with a number of challenges stemming from worsening economic conditions that saw some of them fold up and leave the country. Persistent currency depreciation, rising inflation, and high import costs significantly increased the cost of doing business. Frequent power outages and high utility bills further strained operations, making the business environment less attractive. Some, overwhelmed by these challenges, moved their investments out of Ghana, resulting in job losses and a slowdown in the country’s economic growth.
Recent studies also reveal that investors and the business community continue to grapple with several challenges: poorly coordinated regulations, overlapping mandates among state agencies, inefficient public services, macroeconomic instability, high tax rates, costly credit, infrastructure deficiencies and corruption which negatively impact the investment climate
The recent State of the Nation Address by President John Dramani Mahama and the President’s opening remarks at the National Economic Dialogue, delivered a clear and compelling message of hope to both domestic and foreign investors: Ghana is Open for Business. With a strategic vision to reset the economy, the government is laying the groundwork for sustainable economic growth, underpinned by fiscal discipline, investment-friendly policies, and a renewed commitment to infrastructure development.
Renewed Leadership You can Trust
H.E. President John Dramani Mahama has demonstrated a commitment to accepting responsibility and leading efforts to find lasting solutions to the challenges confronting the country. He has pledged to confront the issues and reset the economy on a trajectory of growth and prosperity. In his first few months in office, the President has shown a strong commitment to rebuilding the economy by cutting down the size of government, managing public spending more efficiently, and promoting transparency in debt management.
One of the defining features of H.E. John Dramani Mahama’s leadership is his emphasis on consultative and consensus-driven governance. The decision to convene the National Economic Dialogue to engage stakeholders in shaping the country’s economic policies highlights a leadership that values collaboration. This approach signals to investors that economic decisions will be informed by broad-based stakeholder input.
The renewed fight against corruption demonstrated in efforts to investigate and recover misapplied public funds, along with reforms in public procurement and state asset disposal, demonstrates a zero-tolerance approach to corruption. This commitment to ethical governance indicates that Ghana’s business environment will be governed by fairness, integrity, and the rule of law.
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