Ghana recorded approximately US$2.61 billion in new investments across 253 projects in 2025, a development the Governor of the Bank of Ghana (BoG), Dr Johnson Pandit Asiama, says reflects renewed investor confidence in the economy.
Dr Asiama said the investment figures demonstrate that Ghana continues to attract meaningful investor interest despite global economic uncertainties and subdued investment flows in several parts of the world.
He made the remarks on Friday, August 21, 2026, when he delivered the opening address at the launch of the Ghana Investment Promotion Centre (GIPC) 2025 Annual Investment Report at the Bank of Ghana’s headquarters in Accra.
According to him, the investment performance is a reflection of Ghana’s gradual transition from economic instability towards greater macroeconomic stability and investor confidence.
Inflation falls sharply
Dr Asiama noted that Ghana had faced significant economic difficulties in recent years, including high inflation, exchange-rate pressures, tighter financing conditions and declining investor confidence.
He said the country had, however, made significant progress through monetary policy measures, fiscal consolidation and structural reforms under the IMF-supported programme.
At the height of the recent economic difficulties, headline inflation exceeded 54 per cent, but has since fallen sharply to 4.6 per cent as of July 2026, he said.
The Governor said the decline in inflation, coupled with a recovery in the Ghana cedi, stronger external reserves and improved economic activity, had contributed to creating a more stable environment for businesses and investors.
He added that growth had become increasingly broad-based, with improvements in services and agriculture alongside a gradual recovery in industry.
Domestic investors show confidence
Dr Asiama also highlighted the growing participation of Ghanaian-owned businesses in the investment landscape.
He said the GIPC report recorded 71 wholly Ghanaian-owned projects valued at nearly US$686 million in 2025.
According to him, the figures indicate that domestic investors continue to have confidence in Ghana’s long-term economic prospects.
He further pointed to growing investment interest in sectors including manufacturing, agribusiness, logistics and technology-enabled services.
The Governor said this trend was consistent with Ghana’s ambition to move beyond the export of raw materials towards greater value addition through industrialisation, innovation and competitiveness.
He also welcomed the increasing spread of investment beyond the Greater Accra Region, describing a geographically balanced investment landscape as essential to ensuring that economic opportunities benefit communities across the country.
Ghana positioned as investment gateway
Dr Asiama said Ghana’s position as host of the Secretariat of the African Continental Free Trade Area (AfCFTA), combined with its young population, improving infrastructure, natural resources and expanding digital economy, places the country in a strong position to attract investment into Africa.
He said government initiatives such as the 24-Hour Economy Programme, efforts to establish a modern Ghana Investment Promotion Authority, digitalisation and stronger investor aftercare were contributing to improving the business environment.
He identified agro-processing, manufacturing, energy and information and communications technology as established sectors with investment potential, while pointing to value-added mining, electric mobility and the regulated digital economy as emerging opportunities.
BoG targets diaspora investment
The Governor also called for greater efforts to convert remittances from Ghanaians abroad into productive investments.
He described the country’s 2025 remittance performance as evidence of the continued confidence and commitment of the Ghanaian diaspora.
However, he said Ghana must move beyond simply sustaining remittance inflows and find ways to channel more of the funds into productive investment, enterprise development, innovation and job creation.
Dr Asiama said the Bank of Ghana was working to develop trusted and market-responsive financial products that could help mobilise diaspora funds for national development.
He said the central bank was collaborating with financial institutions, fintech companies, investment partners and other stakeholders to develop solutions tailored to the needs of Ghanaians living abroad.
More work needed
Despite the positive developments, Dr Asiama cautioned that significant challenges remain.
He identified infrastructure gaps, the high cost of capital, low productivity and the competitiveness of local enterprises as key issues that must be addressed while preserving the macroeconomic stability achieved in recent months.
He stressed that the ultimate measure of investment success should not be the value of investment commitments announced but the extent to which they translate into new industries, jobs, higher incomes, increased exports and improved living standards.
“The task before us is to translate investment commitments into tangible outcomes – new industries, modern technologies, productive infrastructure, increased exports, and sustainable jobs,” he said.
Dr Asiama said Ghana’s investment agenda must therefore focus not only on attracting capital but also on ensuring that investments contribute meaningfully to long-term economic transformation.
He described the GIPC 2025 Annual Investment Report as more than a collection of statistics, saying it provides evidence that Ghana is regaining momentum and strengthening its position as an investment destination in Africa.
By Prosper AGBENYEGA
