After several months of steady macroeconomic recovery and stability, the Ghana National Chamber of Commerce and Industry (GNCCI) believes it is time for the government to pivot from a posture of caution to one of expansive growth in the 2026–2029 Budget Statement and Economic Policy.
This recommendation follows the invitation by the Ministry of Finance to stakeholders to submit inputs that will shape the country’s 2026-2029 budgets of the country.
In its recommendations, the GNCCI acknowledged the “sterling” work of the government in stabilizing the macroeconomy. This, it says, was manifest largely in the previous budgets, which were heavily conservative in nature.
With the current stability. GNCCI President, Stephane Miezan, says the private sector is calling for a decisive push into capital investments in the areas of infrastructure, industrial capacity, and large-scale business projects, to accelerate job creation and expand opportunities for Ghanaian enterprises.
“Previous budget statements were very much conservative so they try not to look at growth but having seen all this stability in the economy, now we want to recommend that the government look us growth in the next budget,” the President of GNCCI noted.
He continued, “By growth, what we mean is that they’re trying to do a lot of investments in capital areas so that the private sectors can get businesses to do on behalf of the government to increase our growth in the country.
The Chamber’s recommendations include measures to keep the cedi stable and strengthen it further, as well as targeted efforts to lower interest rates on the fiscal side to boost business competitiveness.
“We’re also looking at ensuring that they put in measures to continuously stabilize the cedi and even make it much stronger. Interest rates are something that we’re also encouraging the government to look at, especially on the fiscal side,” the Chamber added.
Stephane Miezan stressed that large-scale capital projects not only fuel immediate economic activity but also create long-term capacity for production, trade, and innovation. “We want the government to also look at larger business investments because these are areas that can grow our economy very fast,” he said.
In a rare public commendation, the GNCCI President praised the Finance Minister for sticking to his promise to consult the private sector on key policy decisions.
“Let me take the opportunity to first of all appreciate the government and also the finance minister for on numerous occasions that they’ve tried to engage us, the private sector, except the one cedi levy on petrol that was issued without engagement,” he commended.
With inflation down, the cedi stronger, and investor confidence improving, the GNCCI is convinced that Ghana has weathered the storm, and the time to change gear to capital investment to expand the economy starts from the 2026 Budget Statement and Economic Policy.
