Business leaders and policymakers are optimistic about Ghana’s economic recovery but stress that this confidence must be backed by bold and pragmatic policies to ensure long-term, inclusive growth.
At the KPMG Post-Budget Forum in Accra, the Deputy Resident Representative of UNDP Ghana, Fati Attahiru, in a speech highlighted the growing optimism within the business community regarding the country’s economic outlook. However, she noted that such optimism must be matched with decisive actions to drive meaningful transformation.
“However, that also comes with high expectations for bold, pragmatic policy actions that will lead to sustainable and inclusive economic transformation,” she stated.
The forum, held under the theme “Resetting the Economy for the Ghana We Want,” brought together industry players, policymakers, international organizations, civil society, and academia. Discussions centered on the 2025 Budget and Economic Policy Statement, its potential impact on businesses, and the structural reforms needed to sustain Ghana’s economic momentum.
Ensuring an Integrated Approach to Economic Policies
During the event, the President of the Association of Ghana Industries (AGI), Dr. Humphrey Ayim-Darke, emphasized the need for a structured approach to Ghana’s proposed 24-hour economy. He argued that the policy should be aligned with the country’s broader industrial strategy rather than implemented as an isolated initiative.
“We pray for a conscious effort to tailor the 24-hour economy to Ghana’s industrial policy. It should not be isolated like the 1D1F. As the private sector, we are determined to support the government through this process and execute a clear agenda. Let the 24-hour economy be tied to the PPA conditions we have set so that we can use public funds through social interventions to transform the industrial sector,” he stated.
Dr. Ayim-Darke further stressed that the success of Ghana’s industrial transformation must be measured by tangible outcomes such as increased factory development and economic productivity.
The Country Managing Partner for KPMG Ghana, Andy Akoto, also underscored the importance of evidence-based policymaking in striking a balance between revenue generation and sustainable, inclusive development.
He reaffirmed KPMG’s commitment to supporting the government with expertise and partnerships that can drive Ghana’s economic transformation.
As Ghana pushes forward with its economic recovery, speakers at the forum reiterated that optimism alone will not drive progress. Instead, they called for strategic policies, responsible corporate leadership, and institutional reforms to ensure that Ghana’s economic gains translate into sustainable development and broad-based prosperity.
