Invest with confidence; Ghana’s golden era is beginning – Finance Minister

Finance Minister Dr Cassiel Ato Forson has encouraged businesses to invest with confidence in Ghana, confident that the government will maintain the improvements in the country's economic stability. Speaking at a meeting with the Association of Ghana Industries and prominent industry leaders, the minister stated that the government's new economic transformation plan would be revealed in the 2027 Budget.

"Invest with confidence, as we will maintain the progress," the minister emphasized. He assured that the robust macroeconomic environment would be preserved and enhanced. The minister revealed that President John Dramani Mahama had pledged to invest $10 billion in critical sectors within the next four years. The aim is to increase production, add value, and generate more job opportunities for Ghana's economy.

To achieve this, the minister noted that the government has taken steps to lower the cost of capital and is committed to further reductions to facilitate business expansion and investment. Forson also urged industry stakeholders to contribute to domestic revenue generation, reducing the government's dependence on excessive borrowing.

He cautioned that the government should avoid borrowing beyond its means, an issue that was evident in 2022.