President John Mahama has reassured the investor community that Ghana remains open for business, inviting foreign and local businesses to participate in his government’s vision of a 24-hour economy aimed at revitalizing the country’s economic fortunes.
Delivering his inaugural address at the Independence Square on Tuesday, January 7, 2025, President Mahama underscored the critical role of private sector involvement in the economic transformation agenda.
He stated that Ghana’s economic recovery hinges on innovative policies and active collaboration with businesses to create jobs and boost investor confidence.
“Ghana is open for business. We invite the private sector to join us in implementing a 24-hour economy that will drive growth, create employment opportunities, and deliver significant returns for investors,” President Mahama said.
The call comes in the wake of economic challenges that have plagued the country since 2022. The introduction of the Domestic Debt Exchange Programme during the crisis led to heightened inflation, increased production costs, and a volatile exchange rate environment that disrupted business operations and investor confidence.
The economic turbulence prompted an exodus of some foreign businesses, further exacerbating the situation.
President Mahama’s administration is now prioritizing measures to restore stability and foster an environment conducive to investment.