Ghana Seeks Deeper Swiss Investment as Economic Indicators Improve
By: Solomon Nartey Tetteh
Trade, Agribusiness and Industry Minister Elizabeth Ofosu-Adjare is calling for stronger trade and investment ties between Ghana and Switzerland, assuring Swiss executives in Accra that recent fiscal reforms and improving macroeconomic indicators have positioned the country for renewed capital inflows.
Speaking at the Fourth Swiss Business Lunch of 2025, the minister noted that more than 70 Swiss companies currently operating in Ghana have become an integral part of the country’s industrial and services sectors, creating thousands of jobs.
Bilateral trade between the two countries hit $4.35 billion in 2024, maintaining Ghana’s status as Switzerland’s largest trading partner in Sub-Saharan Africa. She highlighted that the relationship stretches back nearly 200 years, beginning with the Basel Mission’s introduction of cocoa in 1828.
The Trade Minister also said Ghana’s economic recovery continues to gain momentum, citing inflation easing to about 8 percent, the cedi’s ranking as Africa’s best-performing currency in 2025, and second-quarter GDP growth of 6.3 percent. These improvements, she explained, have boosted investor confidence and contributed to upgrades by global rating agencies.
She also pointed to recent tax measures such as the removal of the COVID-19 levy and a reduction in VAT which are expected to return roughly GH¢5.7 billion to households and businesses.
Madam Ofosu-Adjare noted that government is seeking increased Swiss investment in agro-processing, renewable energy, pharmaceuticals, industrial infrastructure and digital technology. These sectors are being supported through policy initiatives including the 24-Hour Economy programme, the Big Push infrastructure agenda and export-promotion schemes.
Swiss Ambassador Simone Giger welcomed Ghana’s ongoing reforms, describing the country as a strategic partner for Switzerland. She said Swiss businesses remain confident in Ghana’s political stability, skilled workforce and expanding market opportunities. Switzerland, she added, will continue promoting responsible investment and is encouraging companies to explore green energy, value-added agriculture and industrial innovation.
The minister assured investors that government is committed to maintaining a stable regulatory environment and supporting private-sector growth as Ghana works to deepen its commercial ties with Switzerland and attract long-term investment.
