Trade Minister urges UK private sector to lead new investment drive in Ghana
The Minister for Trade, Agribusiness and Industry, Elizabeth Ofosu-Adjare, has called on the United Kingdom’s private sector to spearhead the next wave of investment in Ghana, citing a strong macroeconomic recovery and a business-friendly “reset” that has positioned the Cedi as Africa’s top-performing currency.
She made the appeal while addressing a high-level reception held in honour of the British International Investment (BII) Board of Directors, where she presented Ghana as a revitalised economy and a strategic gateway to the $3.4 trillion African Continental Free Trade Area (AfCFTA) market.
Ms Ofosu-Adjare said the economic reset agenda under President John Dramani Mahama had moved beyond policy intentions to deliver measurable results. She pointed to 5.5 per cent GDP growth in the third quarter of 2025, the strongest performance in five years, as evidence that key structural reforms were yielding results.
She further highlighted a sharp decline in inflation, which fell from 54 per cent in December 2022 to 5.4 per cent by December 2025, alongside the Ghana Cedi’s emergence as the best-performing currency in Africa, according to International Monetary Fund (IMF) data.
“Ghana offers what UK investors value most, stability, transparency and partnership,” the Minister said, describing the country as one of Africa’s most stable democracies with a proven record of peaceful political transitions.
Ms Ofosu-Adjare noted that trade relations between Ghana and the United Kingdom had reached a significant milestone.
Under the Ghana–UK Trade Partnership Agreement, bilateral trade rose to £1.5 billion by mid-2025, representing a 5.7 per cent year-on-year increase.
UK exports to Ghana increased by more than 22 per cent, while Ghana’s exports to the UK remained strong at £640 million, driven largely by high-value processed goods such as cocoa paste and processed fish.
The Minister urged British International Investment, which currently supports small and medium-sized enterprises through its Ghana Investment Support Programme, to broaden its investments into high-growth sectors including pharmaceuticals, renewable energy, and automotive manufacturing.
“Ghana is open for business, Let us turn today’s conversations into joint ventures and build supply chains that reflect both Ghanaian resilience and UK innovation,” Ms Ofosu-Adjare said.
She also announced that a Ghana Investment Forum would be held in London later this year to further consolidate investment gains and deepen economic cooperation between the two countries.
