The Ghanaian economy is not only stabilizing, but it is also opening up for quality investment, Bank of Ghana Governor Dr Johnson Pandit Asiama has said.
He says that as confidence returns to our macroeconomic environment, we are seeing a clear window to reposition Ghana as a preferred investment destination in West Africa.
Explaining why this is so, he said, first, there is policy stability.
Ghana’s economic strategy is anchored on monetary discipline, fiscal prudence, and structural reform.
“This is not just about meeting IMF programme conditions; it’s about restoring credibility, rebuilding buffers, and laying the foundation for resilient, inclusive growth,” he said.
The consistency of our recent policy moves from inflation targeting to FX market reform reflects this deeper shift, he added.
Second, he stated, the real sector fundamentals are strong.
“We recorded 5.7% GDP growth in 2024, and we are on track for 4.0% growth in 2025, even in a globally uncertain environment. Recovery in private sector credit, improving consumer demand, and expanding export earnings — particularly from gold, cocoa, and services — all point to a more diversified and opportunity-rich economic base,” he said ruing a Private Investor Roundtable at the African Development Bank (AfDB) Annual Meetings on Wednesday, May 28.
Third, he said, Ghana’s financial sector is stable and improving. Capital Adequacy Ratios have strengthened, reaching 15.8% in April 2025 even without regulatory relief.
“Liquidity levels are improving, and though non-performing loans remain elevated (23.6%), the effective provisioning of losses and BoG’s close supervisory role are helping restore resilience. We are also investing in digital finance, payments interoperability, and fintech innovation — not only to boost financial inclusion but to enhance systemic efficiency,” Dr Asiama said.
Dr Asiama also stated that beyond the numbers, what truly makes Ghana stand out is its readiness to partner with private capital.
“We are developing opportunities across several key sectors: Green energy and sustainable infrastructure aligned with Ghana’s climate transition goals; Digital innovation and fintech, building on the success of platforms showcased at the recent 3i Africa Summit; Light manufacturing, logistics, and agribusiness, with potential linkages to regional value chains under the AfCFTA framework,” he said.
He added “Investors are not just looking for returns — they are looking for stability, governance, and strategic alignment. Ghana offers all three — and we are building the institutions to keep it that way.”