President John Dramani Mahama has pitched Ghana as Africa’s premier investment destination, stressing the country’s comparative advantage in agriculture, its stable political environment, and a fast-improving business climate.
Speaking at the Presidential Investment Forum on the sidelines of the 9th Tokyo International Conference on African Development (TICAD 9), President Mahama assured Japanese investors that Ghana is the gateway to West Africa and offers the best returns on investment.
“Ghana is not only rich in economic opportunities, but also stable, democratic, and business-friendly, a true gateway to West Africa and the continent,” the President said.
He highlighted Ghana’s growing consumer market, improving macroeconomic fundamentals, ongoing reforms to lower the cost of doing business, and vast opportunities for technology transfer as key incentives for investors.
Turning to the African Continental Free Trade Area (AfCFTA), President Mahama outlined the scale of the continental market.
“The sub-regional market, which is West Africa, is 400 million people. Ghana is 33 million. And the continental market is 1.4 billion. With the AfCFTA, investors in Ghana can potentially access all 1.4 billion consumers,” he noted.
On the economy, President Mahama expressed confidence in Ghana’s recovery, citing falling inflation and renewed growth momentum.
“Inflation rose to almost 23% in 2024 but is now down to 13.7%. We expect to achieve single digits by the end of the year,” he assured.
According to the Ghana Investment Promotion Centre (GIPC), Japanese investment in Ghana currently stands at about $152 million, with notable participation in automobile manufacturing.
Trade between Ghana and Japan grew by over 24% between 2020 and 2024, underscoring the potential for deeper economic cooperation.
Source: Myxyzonline.com
