Mahama links rising foreign investment to improving economic stability

President John Dramani Mahama highlighted the link between enhancing economic stability and increasing foreign investment in Ghana. He revealed that foreign direct investment (FDI) into the country had surged to US$2.62 billion in 2025, up from US$624 million in 2024. The president made this statement at the groundbreaking ceremony for the 1,238-acre Afienya Industrial Park.

Mahama attributed the rise in foreign investment to improving economic conditions, including falling inflation, lower interest rates, and a more stable local currency. These factors, he said, are positioning Ghana as an enticing destination for long-term investments. He emphasized that the economic stability of Ghana is drawing significant attention from global investors, reflecting growing confidence in the government's leadership and its focus on investing in sectors with substantial economic potential.

President Mahama also stressed the importance of the Tema Export Processing Zone's role in Ghana's industrial growth over the past three decades. The zone, which has supported over 80 industrial enterprises and generated more than US$24 billion in cumulative export revenue, contributed US$3.1 billion in exports in 2025 and US$1.4 billion in the first half of 2026.

This growth, he noted, has sustained over 78,000 direct jobs, with Ghanaians making up 98% of the workforce. Mahama emphasized the need to build on the success of the Tema zone by ensuring that new industrial hubs offer reliable services, strengthen ties with local businesses, and deliver lasting benefits to their surrounding communities.

Regarding the Afienya Industrial Park, Mahama assured potential local and international investors that the development site, with its land litigation-free status, will be equipped with essential infrastructure such as electricity, water, road access, and digital connectivity. He emphasized that the goal at Afienya is to translate industrial policy into tangible opportunities for businesses and job seekers.

This industrial growth is part of the government's flagship New Economy Policy, set to launch in 2027, aimed at accelerating structural transformation, increasing domestic value addition, and enhancing Ghana's standing as an export hub within the African Continental Free Trade Area (AfCFTA).