BoG First Deputy Governor urges stronger partnerships to attract Asian investment to West Africa

The First Deputy Governor of the Bank of Ghana, Dr Zakari Mumuni, has emphasized the need for enhanced institutional partnerships, risk-sharing mechanisms, and well-prepared investment proposals to draw more Asian investment into West Africa. He made this appeal during the keynote speech at the High-Level West Africa–Asia Capital Dialogue in Bangkok, Thailand, on Thursday, October 15, 2026, which coincided with the IMF-World Bank Annual Meetings.

Dr Mumuni underscored Ghana's ongoing macroeconomic stabilization initiatives, stressing that policy predictability, robust institutions, and suitable financing structures were crucial for luring long-term investments. He pinpointed agro-processing, manufacturing, energy, transport and logistics, digital services, and financial technology as sectors teeming with substantial investment potential in the region.

Dr Mumuni also highlighted the African Continental Free Trade Area (AfCFTA) as a pivotal platform for broadening regional trade, enticing investment, and spurring economic transformation across the continent. "Our duty in Africa is to render opportunities more enticing for investment. Our partners' duty is to evaluate those opportunities objectively and collaborate with us in creating commercially feasible solutions," he stated.

Dr Mumuni implored stakeholders to go beyond mere dialogues and convert their pledges into tangible investments, sustainable business expansion, and enduring partnerships that yield mutual advantages for Africa and Asia. He posited that heightened collaboration between the two regions could facilitate the unlocking of investment opportunities and bolster economic development across West Africa.