Ghana has reaffirmed its commitment to attracting increased foreign investments as President John Dramani Mahama led a prominent delegation to the Presidential Investment Forum, which took place alongside the 9th Tokyo International Conference on African Development (TICAD 9) in Japan.
The forum, titled “Ghana is Open for Business—Unleashing Investment Opportunities for Shared Prosperity,” convened government officials, Japanese business leaders, and international investors to discuss potential collaborations and enhance trade relations between the two nations.
During his speech, President Mahama underscored the benefits of Ghana as a business destination, highlighting its political stability, democratic governance, and strategic location as a gateway to the African market. He also pointed out that the improvement in macroeconomic indicators and a conducive business environment render Ghana an appealing hub for both regional and global investors.
“Exporting from Ghana now provides access to approximately 1.4 billion consumers across Africa,” he stated, referring to the opportunities presented by the African Continental Free Trade Area (AfCFTA).
President Mahama recognized the presence of Japanese companies already operating in Ghana, including those involved in assembling Toyota and other vehicle brands for local consumption and export. He urged investors to consider opportunities in agriculture, highlighting the country’s extensive arable land and irrigation capabilities, and assured that Ghana’s investment agencies are prepared to assist foreign partners looking to establish operations.
Minister of Foreign Affairs Samuel Okudzeto Ablakwa stressed the government’s commitment to economic diplomacy aimed at attracting investment and fostering growth. He noted the recent strengthening of the Ghanaian cedi and the favorable economic outlook it has produced.
