President John Dramani Mahama engaged with the Kwahu Business Forum Advocacy Association today, focusing on Ghana's economic future. The discussions centered on the 2026 Kwahu Business Forum, the government's 24-Hour Economy Initiative, and the Accelerated Export Development Programme.
These initiatives aim to boost economic activity and make Ghana a competitive, export-driven economy. President Mahama stressed the private sector’s critical role, noting its potential to create jobs for the 900,000 public sector employees. The government seeks to provide incentives and an environment for businesses to expand.
This meeting aligns with Ghana's broader economic strategy to leverage private sector investment for national development. Ghana's economy has faced challenges in recent years, prompting a renewed focus on macroeconomic stability and private sector partnership. The government's actions reflect a commitment to creating an attractive investment climate, crucial for sustained growth beyond the 2026 Kwahu Business Forum.
President Mahama stated, “Every successful economy is built on strong partnerships between governments and the private sector.” He added that his administration is committed to an open-door policy with the entire Ghanaian business community. This statement reinforces the government's recognition of the private sector as the primary engine for economic growth and job creation.
Moving forward, the focus will be on the practical implementation of the 24-Hour Economy Initiative and the Accelerated Export Development Programme. Businesses in Kwahu and beyond are expected to receive incentives to participate, aiming to stimulate investment and job growth. Decision-makers and markets will closely watch for concrete policies and their impact on reducing the cost of doing business.
The President highlighted ongoing efforts to restore macroeconomic stability and currency stability. These measures are designed to rebuild investor confidence and lower interest rates for businesses. Improving infrastructure, including roads, electricity, and digital connectivity, is also a key priority.
He emphasized that infrastructure is not a luxury for businesses but essential for growth and competitiveness. Felix Nyarko-Pong, CEO of the Kwahu Business Forum Advocacy Association, praised the government’s plan for a bridge over the Afraim River. This project would open up the Kwahu Afram Plains to investors, further boosting regional economic development.
President Mahama noted Kwahu's unique position in Ghana's economy, recognizing its strong indigenous entrepreneurship. The government's objective is to help Kwahu businesses grow from local successes to nationally and internationally competitive companies. This regional focus is part of a broader national strategy to foster entrepreneurship and create a more robust economy.
The administration has already seen success in stabilizing the macroeconomic environment since taking office. This stability is crucial for businesses, as uncertainty hinders growth and investment. The government intends to continue creating an environment where businesses can invest, expand, and create decent jobs.