Ghana Pledges Fiscal Stability and Digital Transformation to Boost Private Sector Growth

Ghana’s government has reaffirmed its commitment to fiscal stability and private sector development as part of ongoing efforts to sustain the country’s economic rebound. According to the Chief of Staff at the Office of the President, Julius Debrah, the administration will maintain strict fiscal discipline while channeling investments into critical growth sectors. He emphasized that these measures are crucial for protecting growth momentum and strengthening Ghana’s competitiveness in regional and global markets.

Speaking at the 2025 CEO Connect Summit organized by the Canada Ghana Chamber of Commerce, Debrah highlighted trade facilitation as a top priority for the government. “Our government continues to prioritize trade facilitation and infrastructure to ease the movement of goods and services across borders, macroeconomic stability, and reforms to ensure that Ghana remains a safe and attractive investment destination,” he stated.

The government’s digital agenda was also a key focus at the summit. Deputy Minister for Communication, Digital Technology, and Innovation, Mohammed Adam Sukparu, underscored the critical role of technology in driving Africa’s economic integration under the African Continental Free Trade Area (AfCFTA). He noted that digital platforms are no longer optional but central to competitiveness and resilience in a global economy.

Under President John Dramani Mahama’s leadership, Ghana is implementing bold policies to build a digitally enabled economy. These initiatives include e-governance platforms, digital financial inclusion programs, and broadband expansion into rural communities to ensure no one is left behind. Sukparu emphasized that these efforts are essential for fostering innovation and sustainable growth.

Meanwhile, members of the Canada Ghana Chamber of Commerce have welcomed government plans to eliminate the minimum capital requirement for foreign investors under a review of the Ghana Investment Promotion Centre (GIPC) Act. According to Executive Secretary Edwina Atta-Sonno, scrapping the requirement would lower entry barriers and enhance Ghana’s attractiveness as an investment destination. “If our investment requirements are very high, we may not get investors coming in,” she said.

Source: Citi newsroom