Gov’t urges private sector to expand investment as economic conditions improve

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The government has urged businesses and investors to take advantage of improving economic conditions and ongoing reforms to expand investment, create jobs and strengthen Ghana’s competitiveness.

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Presidential Adviser on National Resilience and Emergency Preparedness, Ernest Brogya Genfi, made the call while speaking on behalf of the Chief of Staff, Dr. Julius Debrah, at the Ghana Converge Summit 2026.

He said easing inflationary pressures, declining interest rates, relative exchange-rate stability and stronger external reserves were helping to restore confidence in the business environment.

According to him, the government’s fiscal and structural reforms are aimed at building a more predictable economy that supports business expansion and encourages long-term investment.

“Businesses thrive not in uncertainty, but in stability. Investors commit capital not where risks are highest, but where confidence is strongest,” he said.

Mr. Brogya Genfi stressed that Ghana’s economic transformation required a strong partnership between the government and the private sector, noting that sustainable growth could not be achieved through public-sector efforts alone.

He cited the CEO-Government Compact 2026 as part of efforts to deepen engagement with businesses and ensure that private-sector concerns inform economic policy formulation and implementation.

He said while the government had a responsibility to create an enabling policy and institutional environment, businesses must invest, innovate and expand responsibly to drive economic growth.

On industrialisation and trade, Mr. Brogya Genfi highlighted the government’s Accelerated Export Agenda, which seeks to position Ghanaian businesses to take advantage of opportunities under the African Continental Free Trade Area (AfCFTA).

He called for a shift from dependence on raw-material exports towards local processing, manufacturing and value addition to build competitive Ghanaian enterprises and create more employment opportunities.

“We must increasingly process what we produce, manufacture what we consume, create value locally and build globally competitive Ghanaian enterprises,” he said.

He also cited initiatives such as the Northshore Apparel Factory as examples of efforts to strengthen domestic production and move Ghanaian businesses higher up global value chains.

The presidential adviser further highlighted programmes including Adwumawura, the National Apprenticeship Programme, the Women’s Development Bank and the One Million Coders Programme, which he said were designed to expand opportunities for young people, women and entrepreneurs.

He noted that equipping citizens with relevant skills and resources was essential to building a productive workforce and supporting entrepreneurship.

Mr. Brogya Genfi also underscored the importance of digital skills and innovation, describing the digital economy as an avenue for businesses to access new markets, improve productivity and compete internationally.

“The future belongs to societies that invest in skills, innovation and knowledge,” he said.

He urged Ghana to continue investing in the skills and knowledge needed to prepare its workforce for emerging opportunities and the demands of the future economy.

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