The Minister for Trade, Agribusiness, and Industry, Mrs. Elizabeth Ofosu-Adjare, has urged British investors to expand their footprint in the Ghanaian economy, citing a robust macroeconomic recovery and strategic advantages under the nation’s ongoing economic reset.
Speaking at a reception in Accra for the Board of Directors of British International Investment (BII) on January 29, 2026, the Minister revealed that Ghana’s economy grew by 5.5 percent in the third quarter of 2025, marking its strongest performance in five years.
She attributed this trajectory to the strategic reforms led by President John Dramani Mahama, which she noted have successfully restored global investor confidence and stabilized the business environment.
Minister Ofosu-Adjare highlighted a dramatic turnaround in Ghana’s fiscal indicators, noting that inflation plummeted from a peak of 54 percent in late 2022 to just 5.4 percent by December 2025. This stabilization was bolstered by the Ghana cedi’s performance as Africa’s top-performing currency in 2025 and subsequent sovereign rating upgrades from Fitch, Moody’s, and S&P.
To further entice foreign capital, the Minister outlined significant tax reliefs introduced in the 2026 Budget, including the abolition of VAT on mineral prospecting and the extension of zero-rating for locally manufactured textiles, alongside a transition toward digital VAT monitoring to enhance transparency.
Beyond domestic stability, the Minister positioned Ghana as the commercial gateway to the continent, leveraging its role as the host of the African Continental Free Trade Area (AfCFTA) Secretariat.
This provides investors with a strategic entry point into a 1.4-billion-person market with a collective GDP exceeding $3.4 trillion. Bilateral trade between Ghana and the UK has already seen a resurgence, reaching £1.5 billion by mid-2025, a nearly 6 percent increase driven by Ghanaian exports of cocoa and tropical fruits alongside a 22 percent rise in UK exports to Ghana.
Looking ahead, the government is prioritizing partnerships in high-growth sectors such as automotive manufacturing, renewable energy, fintech, and pharmaceutical production through the Jobs and Economic Transformation (JET) Programme.
Mrs. Ofosu-Adjare invited British institutions to transition from dialogue to tangible joint ventures, specifically mentioning the upcoming high-level Ghana investment forum in London scheduled for later this year. She concluded by emphasizing that Ghana’s blend of democratic stability and aggressive regulatory reform offers the transparency and partnership that UK investors prioritize in the African market.
Ruth Abla ADJORLOLO
