Gov’t targets growth with fiscal discipline, investment reforms
Government has reaffirmed its commitment to maintaining strict fiscal discipline while channelling investments into critical growth sectors, in a bid to sustain Ghana’s recent economic rebound and position the private sector as the main driver of growth.
Chief of Staff at the Office of the President, Julius Debrah, said trade facilitation remains a central policy priority as government works to unlock new opportunities for businesses and strengthen Ghana’s competitiveness within regional and global markets.
Speaking at the 2025 CEO Connect Summit organised by the Canada Ghana Chamber of Commerce, Mr Debrah underscored the importance of prudent economic management and targeted investments, stressing that these remain central to protecting Ghana’s growth momentum and creating a stronger foundation for private sector expansion.
“Our government continues to prioritise trade facilitation and infrastructure to ease the movement of goods and services across borders, macroeconomic stability, and reforms to ensure that Ghana remains a safe and attractive investment destination,” he stated.
For his part, the Deputy Minister for Communication, Digital Technology and Innovation, Mohammed Adam Sukparu, emphasised that as Africa deepens its commitment to the African Continental Free Trade Area (AfCFTA), headquartered in Accra, digital technology and innovation will be decisive in shaping competitiveness.
He noted that digital tools and platforms are no longer optional but are now the very foundation of resilience, competitiveness, and global relevance.
“Under the leadership of His Excellency John Dramani Mahama, Ghana is actively implementing bold policies and investments to establish a digitally enabled economy. These include e-governance platforms, digital financial inclusion, and broadband expansion into rural communities, ensuring no one is left behind,” the Deputy Minister explained.
Meanwhile, members of the Canada Ghana Chamber of Commerce welcomed government’s announcement of plans to scrap the minimum capital requirement for foreign investors as part of the upcoming review of the Ghana Investment Promotion Centre (GIPC) Act.
The Chamber believes that the reform will help create a more business-friendly environment and make Ghana an even more attractive investment hub.
Executive Secretary Edwina Atta-Sonno told the media that reducing entry barriers is a step in the right direction.
“It is a brilliant idea in the sense that we have to make Ghana attractive for investors to come in. If our investment requirements are very high, we may not get them coming in,” she remarked.
The summit, which brought together policymakers, business leaders, and investors, highlighted government’s focus on fiscal stability, innovation, and investment-friendly reforms as crucial levers for consolidating growth and driving private sector-led development.
