Ghana is ready to welcome investors and expand private sector activity following signs of economic stabilisation, President John Dramani Mahama declared Thursday, positioning the country as an emerging investment destination in West Africa.
“Ghana is back. Ghana is working again. And Ghana is open for business,” Mahama said during his State of the Nation Address to parliament.
The statement marks one of the strongest investment signals yet from the administration as it seeks to restore international confidence after years of economic turbulence that constrained growth and investor sentiment.
Mahama said rebuilding investor trust became an immediate priority upon assuming office, requiring decisive action to restore order to public finances.
“As a responsible government, our first order of business was to halt the economic haemorrhaging,” he said.
The president outlined measures including tighter expenditure controls, improved payables reporting and audits of government commitments aimed at strengthening fiscal credibility.
He said improving macroeconomic fundamentals were already creating clearer conditions for sustained economic acceleration.
According to Mahama, Ghana’s recovery strategy focuses on discipline, structural reforms and policy predictability — factors considered essential for attracting long-term investment.
“From the outset, we chose discipline over waste, reform over excuses and stability over speculation,” he said.
Mahama described Ghana’s economy as entering a transition phase from stabilisation to expansion, comparing the country’s trajectory to an aircraft preparing for departure.
“Our nation is on the runway… in take-off mode,” he told lawmakers.
Analysts say the government’s messaging reflects efforts to reposition Ghana competitively within Africa amid increasing regional competition for foreign direct investment.
The president said improved governance and policy consistency would support sectors including trade, industry and entrepreneurship while creating jobs.
He added that economic recovery must translate into tangible improvements in citizens’ lives, stressing that growth without social impact would not be sustainable.
Mahama urged domestic and international investors to take advantage of emerging opportunities, saying Ghana’s reform programme had laid the groundwork for long-term prosperity.
He said responsible governance combined with inclusive growth policies would ensure Ghana remained a stable and predictable business environment.
