Investor confidence back – President Mahama tells IFC delegation

President John Dramani Mahama announced that investor confidence in Ghana's economy has returned after a period of decline. He attributed the resurgence to sound management and strict fiscal policies that led to a significant reduction in inflation and national debt. The President made this statement during a meeting with Makhtar Diop, the Managing Director of the International Finance Corporation (IFC), at the Jubilee House.

The discussions centered on bolstering the economy through strategic partnerships, with a specific focus on expanding commercial agriculture in sectors such as cocoa, oil palm, and poultry. The two also explored the government's commitment to locally processing at least 50 percent of Ghana's cocoa beans, farm produce, and minerals.

They addressed plans to enhance the transport network, including railways, aviation, and roads, as well as improving digital connectivity through the Big Push Infrastructure Development agenda. Challenges in the energy and education sectors were also on the agenda. Mahama was joined by key officials including Chief of Staff Dr Julius Debrah, Minister of Finance Dr Cassiel Ato Forson, Minister of Energy and Green Transitions Dr John Abdulai Jinapor, and Minister of Trade, Agribusiness, and Industry Elizabeth Ofosu-Adjare.

The President then revealed that Ghana had secured a $300 million financing package from the World Bank to fully phase out the double-track system in senior high schools by the end of 2027. IFC's Diop praised Mahama's commitment to decisive economic reforms that are reshaping Ghana's financial landscape, and promised the IFC's full support for Ghana's commercial agriculture sector and broader initiatives towards building a resilient, sustainable economy.