President John Dramani Mahama has assured investors that Ghana’s economy is back on track, highlighting improvements in inflation and currency performance.
Speaking at the Ghana Presidential Investment Forum during TICAD IX in Japan, the President said Ghana is “open for business 24 hours a day,” and urged Japanese firms and other global investors to take advantage of opportunities in the country.
“Inflation rose to a high of almost 23% in 2024, and it’s currently down to 13.7%. We expect it to hit single digits by year-end,” he stated.
On the local currency, Mahama noted: “A few years back, we were said to be the worst-performing currency. I’m happy to announce that this year, the Ghana cedi has been the best-performing currency in the world.”
He pointed to Ghana’s strategic location, investor-friendly reforms, and role as host of the African Continental Free Trade Area (AfCFTA) as key strengths.
“With AfCFTA headquartered in Accra, you potentially can export into a 1.4 billion market,” he said, adding that sectors such as agribusiness, energy, automotive assembly, and industrialisation remain ripe for investment.
Mahama also cited the Volta Economic Corridor project as an example of Ghana’s growth potential and called on Japan to deepen partnerships with Africa.
“Africa is opening up, it’s growing, and is a place that Japan should be looking at. Let us marry Japanese precision with Ghanaian potential and create a win-win situation,” he urged.
