At the Africa CEO Forum 2025 in Abidjan, Côte d’Ivoire, President John Dramani Mahama extended a compelling invitation to global investors, asserting that Ghana is “open for business again.” Emphasizing economic resilience and strategic reforms, he outlined opportunities across infrastructure, energy, and digital sectors, positioning Ghana as a prime investment destination in West Africa.
Economic Reforms and Stability
President Mahama acknowledged the economic challenges faced upon assuming office in January 2025. He detailed the government’s swift actions, including:
- IMF Extended Credit Facility: Collaborating with the IMF, Ghana has completed the fourth review of the program, aiming to exit by April 2026.
- Debt Restructuring: Under the G20 Common Framework, agreements have been reached with most creditors, excluding some commercial bondholders.
- Sinking Fund Reactivation: To manage future fiscal obligations, the government has revived the Sinking Fund, ensuring prudent borrowing and debt sustainability.
The “Big Push” Infrastructure Initiative
Central to Ghana’s development strategy is the “Big Push Programme,” which allocates $2 billion annually to critical infrastructure projects, including:
- Roads and bridges
- Healthcare facilities
- Educational institutions
- Security infrastructure
This initiative aims to stimulate economic growth and improve the quality of life for Ghanaians.
24-Hour Economy Policy
To enhance industrial productivity and job creation, the government has introduced the 24-Hour Economy Policy, focusing on:
- Reliable power supply
- Tax incentives for businesses
- Support for round-the-clock operations
This policy is designed to attract investment and foster a dynamic business environment.
Digital Transformation and Youth Empowerment
Recognizing the importance of digital skills, President Mahama highlighted the “Million Coders Programme”, aimed at:
- Equipping youth with digital competencies
- Supporting startups and small businesses
- Preparing the workforce for the future job market
This initiative underscores the government’s commitment to technological advancement and entrepreneurship.
Agribusiness and AfCFTA Opportunities
With vast arable land and a favorable climate, Ghana is positioning itself as an agribusiness hub, capable of:
- Feeding its 33 million population
- Exporting to the 400 million-strong West African market under the African Continental Free Trade Area (AfCFTA)
This strategy aims to boost food security and regional trade.
Oil and Gas Sector Revitalization
Addressing the decline in oil production, President Mahama announced:
- Renewed engagement with investors to increase output
- Exploration of new oil blocks
- Commitment to balancing fossil fuel development with clean energy targets
These measures aim to revitalize the sector and attract foreign investment.
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