Mahama woos global investors
Ghana is one of the world's leading cocoa producers, but our interest cannot end with just exporting raw cocoa beans.
President John Dramani Mahama called on international investors to increase their investments in Ghana, emphasizing the economic potential of the country. He pointed out that Ghana boasts a range of resources, including cocoa, gold, manganese, and numerous other commodities. The nation's farmers cultivate crops like cashew nuts, shea fruits, vegetables, and grains, yet a significant amount remains in raw form, while Ghana imports finished goods that could be locally produced instead.
To address this, Mahama stressed the need to transform the country into a hub for processing these agricultural products.
He highlighted that Ghana is among the world's leading cocoa producers, but the focus should not solely be on exporting raw cocoa beans. Instead, there is potential in cocoa processing, cashew, shea, horticulture, grains, poultry, livestock, and food manufacturing industries. By processing more of what farmers produce, Ghana would create a market for farmers, generate employment for processors, and provide opportunities for suppliers, transporters, and jobs within the value chain.
Mahama also pointed out that Ghana's domestic market is just one aspect of the opportunity for investors. The African Continental Free Trade Area (AfCFTA), with its headquarters in Accra, encompasses a market of over 1.4 billion people across Africa. He urged companies to consider the broader market beyond Ghana's 34 million population and look for opportunities across West Africa and the wider African continent as the AfCFTA develops.
Furthermore, Mahama invited investors to explore the possibilities of selling their products not only within Ghana but across Africa and globally. He emphasized that Ghana is set to assume the chairmanship of the African Union, and this role will enable the country to support Africa's progress in infrastructure, industrialization, regional integration, and the implementation of the AfCFTA.
Regional integration necessitates improvements in roads, ports, energy reliability, digital connectivity, and border efficiency, all areas where American businesses can offer a competitive edge. Thus, Mahama views Ghana's 2027 commitment as an opportunity to advance an African economic agenda, fostering a new era of economic relations between Ghana and the United States.
Written by urgent.news from 3News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
