President John Dramani Mahama has reaffirmed his administration’s commitment to creating a transparent and investor-friendly business environment, citing a series of reforms and fiscal measures as key drivers of Ghana’s economic recovery.
Addressing participants at the Ghana–EU Business Forum held in Accra on Tuesday, May 20, President Mahama highlighted efforts to restore confidence in governance, enforce contract sanctity, and ensure policy predictability, positioning Ghana as a dependable destination for foreign investment.
“We are restoring confidence in our public procurement systems, enforcing contract sanctity, and protecting investor rights under both domestic and international legal regimes,” President Mahama stated, emphasizing that Ghana is open for business.
His remarks come against the backdrop of an improving macroeconomic outlook, with the Ghanaian cedi showing signs of stability. He attributed this rebound to deliberate policy interventions and strong foreign exchange inflows, supported by a significant boost in gross international reserves—from $8.9 billion in December 2024 to $10.6 billion by April 2025.
The President pointed to fiscal discipline as a cornerstone of the recovery strategy, noting a reduction in the fiscal deficit from 7.5% of GDP in 2024 to 6.4% in the first half of 2025. The government remains on course to meet its end-of-year target of 3.1% through expenditure rationalisation, enhanced domestic revenue mobilisation, and robust anti-corruption measures.
The forum, themed “Deepening Ghana-EU Cooperation on Trade and Investment in Non-Traditional Value Chains under the EU Global Gateway Strategy,” drew investors and trade officials from across the EU and Ghana.
President Mahama’s message was clear: Ghana is undergoing meaningful reforms not just for recovery, but to lay the foundation for long-term, sustainable growth and strong international partnerships.
