President Mahama has reinforced the role of the private sector in Ghana’s growth strategy, describing it as the “indispensable engine” while committing to measures that enhance investment and job creation.
Speaking during a high-level engagement with over 130 chief executives and business leaders at the Presidency, the President emphasised “close partnership with the private sector” as central to rebuilding the economy and consolidating recent gains.
He indicated that the government is focused on creating a “favourable investment climate” and strengthening collaboration with industry players to drive “shared prosperity,” noting that private enterprises remain critical to employment generation and productivity growth.
As part of the policy framework, the President highlighted the 24-hour economy policy as a “cornerstone strategy” aimed at expanding industrial output, maximising infrastructure utilisation, and reducing unemployment across key sectors.
He further linked this to the Accelerated Export Agenda, describing it as a vehicle for “value addition and diversification,” with a clear shift away from raw material exports towards domestic processing and industrialisation.
On macroeconomic performance, the President pointed to improving indicators, including GDP surpassing the “$100 billion mark,” Ghana’s rise to 8th position in Africa by economic size, and a return to “sustainable levels” of public debt. He also cited rising foreign direct investment and domestic capital inflows as signs of “reviving business confidence.”
The administration, he said, will maintain “strict fiscal discipline” and eliminate inefficiencies, with savings redirected into “productive interventions” such as the Big Push infrastructure programme, the Adwumawura initiative, and the Free Primary Healthcare Programme.
The engagement formed part of preparations toward the upcoming Ghana CEO Summit scheduled for May 28, 2026, where the government is expected to further outline its private sector development agenda and deepen engagement with corporate leaders.
