President John Dramani Mahama has assured foreign investors that Ghana is removing barriers to investment and strengthening legal protections for businesses as part of efforts to attract more capital into the economy.
Speaking at the Ghana-UK Investment Summit in London on Monday, June 1, President Mahama said his administration was implementing reforms to create a more responsive and investor-friendly business environment.
“For investors, stability matters. Governance matters. Transparency matters,” Mr Mahama told the gathering of business leaders and institutional investors.
He said government was pursuing reforms aimed at improving efficiency in public administration and reducing obstacles that often discourage investment.
“That is why we are strengthening public sector reforms, digitising public services, improving regulatory efficiency, simplifying business registration processes, and enhancing investment protections,” he stated.
A key part of the reforms, according to the President, is the recently passed Ghana Investment Promotion Authority Act.
He said the legislation introduces significant changes designed to make Ghana more attractive to both local and foreign investors.
“The recently passed Ghana Investment Promotion Authority Act removes minimum capital requirements across many sectors, strengthens investor protections, and guarantees the repatriation of profits,” he said.
He added that government was also working to reduce bureaucratic bottlenecks that affect business operations.
“We are reducing bureaucratic bottlenecks and creating a more responsive environment for businesses,” he noted.
President Mahama argued that Ghana’s democratic stability, independent judiciary and peaceful transfers of power continue to make the country one of the most predictable destinations for long-term investment in Africa.
“Our legal system is predictable. Our judiciary is independent. Power transitions are peaceful. Institutions remain strong,” he said.
Mr Mahama said these factors, combined with improving macroeconomic conditions, place Ghana in a strong position to attract international investors seeking opportunities in Africa.
He further promoted Ghana as a gateway to larger regional markets, noting that investors can use the country as a base to access the ECOWAS market of more than 425 million people and the African Continental Free Trade Area, which covers over 1.4 billion consumers.
“No serious global investor can ignore the scale of opportunity emerging across Africa. And few countries are better positioned than Ghana to serve as the platform for engaging that opportunity,” he said.
He called on for investors to deepen their engagement with Ghana, saying the country is seeking long-term partnerships that support industrialisation, technology transfer and job creation.
“Ghana is open for business,” he declared.
