At the Kwahu Business Forum in Mpraeso on Saturday, April 19, 2025, President John Dramani Mahama made it clear that rebuilding investor confidence is at the heart of his government’s plans to turn around Ghana’s economy. Speaking to an audience of business leaders and financial sector stakeholders, Mahama acknowledged the economic struggles Ghana has faced over recent years, including soaring inflation, a weak cedi, rising debt, and a drop in investor confidence. But despite these challenges, Mahama was optimistic, telling the crowd, “Our programmes are targeted at restoring investor confidence by enhancing transparency, cutting bureaucratic red tape, and promoting a rules-based investment climate.”
Mahama pointed out that while recovery is underway, it’s not enough just to get back to where things were. He emphasized that the goal is to transform Ghana’s economy into something stronger and more inclusive. “We must aim for transformation,” Mahama said, stressing that this can only happen if Ghana’s financial sector works for everyone, whether it’s a small vendor on the street or a major exporter. He spoke about a vision for an economy that’s not only stable but one that offers opportunities for all businesses to thrive.
To make that vision a reality, Mahama laid out several steps his government is taking. One of the biggest areas of focus is improving access to financing. By working with national institutions like the Ghana Development Bank and the Women Development Bank, along with private financial partners, the government hopes to make it easier for businesses to get the funding they need to grow. He also made it clear that small and medium-sized businesses (SMEs) would receive special support through targeted financing, tax incentives, and technical assistance. “SMEs are key to job creation and growth, and they’ll play a big role in driving our economy forward,” he added.
Mahama also highlighted the need to make borrowing easier and cheaper for businesses. Reforms to the country’s credit systems will help reduce the cost of loans, making it more affordable for businesses to invest and expand. Another key promise was tackling the bureaucracy that often gets in the way of business. Mahama said his government is committed to cutting red tape and creating a more transparent environment where businesses can operate without unnecessary delays.
At the core of Mahama’s strategy is financial inclusion. He stressed that no one should be left out of the financial system, saying, “We want to make sure that every Ghanaian business, no matter the size, has access to the financial tools they need to succeed.” Working with banks, fintechs, and mobile money operators, the government aims to bring more financial services to rural and underserved areas.
READ ALSO
In his closing remarks, Mahama reminded the crowd that Ghana’s future economic success depends on collaboration. “The government can’t do it alone. We need strong partnerships between the public and private sectors, and between finance and innovation,” he said. For Mahama, the road to economic transformation starts with rebuilding trust. With the right steps in place, Ghana is ready to create a future where businesses can operate with confidence, creating jobs and opportunities for all.
