President Mahama courts diaspora investment, highlights Ghana’s economic and energy gains at UNGA – Town Hall

President John Dramani Mahama has urged Ghanaians living abroad to invest more in Ghana, highlighting recent progress in the country's economy, energy sector, and broader development under his administration. During a town hall meeting with Ghanaian diaspora members at the United Nations General Assembly in New York, Mahama announced plans to facilitate their investments through structured portfolios with predefined returns.

He advised those considering a return to Ghana to approach the transition gradually, as changes may have occurred during their time away.

The energy sector is also a priority for the government, with plans to increase power generation capacity by 1,200 megawatts by the end of 2026. This will be achieved through gas-fired thermal generation and renewed investments in the oil and gas industry, including boosting domestic gas production to support thermal power. Significant investments are already being made in the Jubilee Field, with partners committing to US$1.5 billion to bring more production from the Sankofa field online.

Ghana's recent success in the energy sector is reflected in rising oil production, which has increased from approximately 60,000 to 85,000 barrels per day. The President emphasized the country's commitment to restoring stability in the energy sector, including settling outstanding debts to independent power producers and restructuring the Electricity Company of Ghana to prioritize payments to power generators.

Regarding the economy, Mahama's administration inherited an International Monetary Fund programme that had faltered due to fiscal missteps before the 2024 elections. To address this, the government has implemented corrective measures to stabilize the economic outlook.