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President Mahama pledges decisive support for private sector growth

President John Dramani Mahama President John Dramani Mahama

President John Dramani Mahama has reaffirmed his commitment to revitalising Ghana’s private sector, promising decisive action to drive growth and innovation.

Speaking at the Kwahu Business Forum on Saturday, April 19, 2025, President Mahama outlined a comprehensive support plan that includes expanding access to affordable financing through institutions such as commercial banks, the Ghana Development Bank, and the newly proposed Women’s Development Bank.

He also emphasised partnerships with private financial institutions as part of the strategy.

He further announced targeted interventions for small and medium enterprises (SMEs), including access to tailored financing, tax incentives, and technical support to boost productivity and competitiveness.

“This government will support the private sector, not just with policy, but with decisive action. We will expand access to affordable financing through financial institutions like the commercial banks, the Ghana Development Bank, the Women’s Development Bank, and partnership with other private financial institutions.

“We’ll support small and medium enterprises with targeted financing, tax incentives, and technical support,” he stated.

SP/MA

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