Trade Minister promotes Ghana as a gateway for investment at the London-Africa Business Summit

Trade, Agribusiness and Industry Minister Hon. Elizabeth Ofosu-Adjare has reaffirmed Ghana’s readiness for strategic partnerships and investment, highlighting the country’s economic recovery and commitment to industrial transformation at the inaugural London-Africa Business Summit.

Speaking on behalf of President John Dramani Mahama at the event held at City Hall in London on June 4, 2026, the Minister said Africa remains one of the world’s most attractive investment destinations despite global economic uncertainties.

She conveyed President Mahama’s message that “Africa is ready and Ghana is open for strategic partnerships and business.”

Hon. Ofosu-Adjare noted that Africa is projected to record 4.3 per cent GDP growth in 2026, driven by its youthful population, expanding digital economy and growing consumer market.

She highlighted the role of the African Continental Free Trade Area (AfCFTA), which connects 55 countries and a market of 1.4 billion people with a combined GDP of US$3.4 trillion.

The Minister also outlined Ghana’s economic performance, stating that the economy expanded by 6 per cent in 2025, while inflation declined and key fiscal indicators improved.

She further highlighted growing trade and investment relations between Ghana and the United Kingdom, noting that bilateral trade reached £1.6 billion in 2025 and British investments in Ghana stood at £1.8 billion across 671 projects.

According to her, Ghana remains focused on value addition and industrialisation, with efforts underway to increase domestic processing in sectors such as cocoa and gold.

Hon. Ofosu-Adjare also referenced the recently signed UK-Ghana Growth Partnership 2026–2028, which includes a £101 million investment in a ship repair and dry-docking facility at Takoradi Port.

She described the agreement as a significant step toward expanding infrastructure investment and strengthening economic cooperation between Ghana and the United Kingdom.

The Minister commended members of the African diaspora for their contributions to sectors including fintech, education and the creative industries, and reaffirmed Ghana’s commitment to leveraging their expertise and innovation.

She concluded by calling for partnerships based on co-investment, shared value and mutual accountability, urging global investors to take advantage of opportunities in Ghana and across Africa.

“Ghana is ready. Africa is ready. The time to act is now,” she said.