Trade, Agribusiness and Industry Minister Elizabeth Ofosu-Adjare, is pushing to expand trade and investment ties with Switzerland, telling Swiss executives in Accra that improving macroeconomic indicators and new fiscal reforms have strengthened the country’s outlook and opened space for fresh capital inflows.
Speaking at the Fourth Swiss Business Lunch of 2025, the minister said more than 70 Swiss companies currently operating in Ghana have become an important part of the industrial and services landscape, creating thousands of jobs.
Bilateral trade between the two countries reached $4.35 billion in 2024, keeping Ghana in its long-held position as Switzerland’s largest trading partner in Sub-Saharan Africa. The relationship, she noted, spans back almost 200 years, beginning with the Basel Mission’s introduction of cocoa in 1828.
The minister said Ghana’s macroeconomic recovery is accelerating, pointing to inflation easing to about 8 percent, the cedi’s status as Africa’s best-performing currency in 2025, and second-quarter GDP growth of 6.3 percent. These conditions, she said, have improved investor sentiment and contributed to upgrades from global rating agencies.
She highlighted recent tax measures, including the removal of the COVID-19 levy and a reduction in VAT, designed to return about GH¢5.7 billion to firms and households. The government, she said, is looking to attract Swiss capital in agro-processing, renewable energy, pharmaceuticals, industrial infrastructure and digital technology, supported by policy programmes such as the 24-Hour Economy initiative, the Big Push infrastructure plan and export-boosting schemes.
Swiss Ambassador Simone Giger praised Ghana’s economic reforms and described the country as a strategic partner for Switzerland. She said Swiss companies remain confident in Ghana’s political stability, skilled labour and growing market opportunities. Switzerland, she added, will continue promoting responsible investment and is encouraging firms to explore green energy, value-added agriculture and industrial innovation.
The minister fielded questions from Swiss companies on industry protection, intra-African trade rules and the stability of West Africa’s banking systems. According to her, the government is committed to providing a stable regulatory environment and support for the private sector as Ghana seeks to deepen commercial ties with Switzerland and attract long-term investment.
