Ghana has reaffirmed its position as a preferred destination for investment and strategic partnerships, with the Minister for Trade, Agribusiness and Industry, Mrs. Elizabeth Ofosu-Adjare, declaring that the country is open for business and ready to collaborate with global investors to drive economic transformation.
Speaking at the inaugural London-Africa Business Summit at City Hall in London, the Minister for Trade, Agribusiness and Industry, Mrs. Elizabeth Ofosu-Adjare, presented Ghana’s economic recovery story and outlined the country’s vision for sustainable growth through investment and value addition.
Mrs Ofosu-Adjare noted that Africa’s economic outlook remains positive, with growth projected at 4.3 percent in 2026.
She attributed the continent’s growing attractiveness to investors to its youthful population, expanding digital economy, and rapidly growing consumer market.
The Minister highlighted the transformative potential of the African Continental Free Trade Area (AfCFTA), describing it as a game-changing platform that links 55 countries and provides access to a market of 1.4 billion people with a combined Gross Domestic Product (GDP) of $3.4 trillion.
Focusing on Ghana’s recent economic performance, the trade minister stated that the country’s economy expanded by six percent in 2025, while inflation fell significantly and fiscal indicators improved under the leadership of President Mahama.
She highlighted the strong economic relationship between Ghana and the United Kingdom, revealing that bilateral trade between the two countries reached £1.6 billion in 2025. British investments in Ghana currently stand at £1.8 billion across 671 projects, reflecting growing investor confidence in the country’s economic prospects.
According to the Minister, Ghana’s industrial transformation agenda is centred on value addition and increased local processing of natural resources.
She cited record growth in non-traditional exports and ongoing efforts to expand domestic processing in strategic sectors including cocoa and gold.
A key highlight of her address was the recently signed UK-Ghana Growth Partnership 2026–2028, which includes a £101 million investment in a ship repair and dry-docking facility at Takoradi Port.
She described the agreement as a significant milestone that will unlock additional infrastructure investments while strengthening economic cooperation between the two countries.
Mrs. Ofosu-Adjare also acknowledged the contributions of African diaspora communities to sectors such as fintech, education and the creative industries.
She assured diaspora investors and professionals of the government’s commitment to harnessing their expertise, innovation and skills to support national and continental development.
She stressed that Africa’s future prosperity would depend on partnerships anchored on co-investment, shared value creation and mutual accountability.
The Minister commended the Mayor of London for convening the summit and urged global investors to take advantage of the emerging opportunities across Ghana and the wider African continent.
Adwoa Koramah Anokye Gyimah, ISD
