Ghanaian businesses cautiously optimistic about 2026 performance – Chamber

Ghanaian businesses have shown resilience and cautious optimism regarding their performance in the first half of 2026, according to Stephane Miezan, President of the Ghana National Chamber of Commerce and Industry (GNCCI). The economic conditions have improved, providing relief to the private sector. Miezan noted that the cedi's stability, inflation, and interest rates have all improved, creating a more favorable environment for businesses to plan.

However, he emphasized that businesses should not be overly optimistic, as global developments, including geopolitical tensions, could still impact inflation, energy prices, and overall business operations in Ghana.

Emmanuel Doni-Kwame, Secretary-General of the International Chamber of Commerce (ICC) Ghana, echoed these sentiments. He highlighted that the economy had achieved a level of stability, particularly in foreign exchange, which has improved predictability and given businesses room for longer-term planning. Doni-Kwame stressed that investor confidence was improving, but infrastructure and connectivity remained critical components for attracting and sustaining investment.

He pointed out that efficient road, rail, and other transport networks are essential for moving raw materials to factories and finished goods to ports and markets. Doni-Kwame warned that inadequate infrastructure could undermine Ghana's efforts to attract and retain investment, as businesses need reliable transportation networks to move goods efficiently.

Both Miezan and Doni-Kwame emphasized that while investor confidence has improved, the country needs to accelerate infrastructure development and improve connectivity within Ghana and across the West African sub-region. Doni-Kwame specifically called for improvements in sea transport and logistics systems to reduce the cost and time associated with moving goods.

He also proposed better coordination among agencies responsible for inspections at Ghana's ports, suggesting a coordinated inspection timetable to reduce congestion and shorten turnaround times. Reducing delays at the ports is crucial, as time and logistics costs ultimately affect both businesses and consumers.