Ghanaian Government Urges Private Sector to Boost Investments Amid Economic Reforms

Jakarta:Presidential Adviser on National Resilience and Emergency Preparedness, Ernest Brogya Genfi, has called on businesses and investors to capitalize on the improving economic conditions and ongoing reforms in Ghana to enhance investment, create jobs, and bolster the country's competitiveness.

According to Ghana Web, while speaking on behalf of the Chief of Staff, Dr. Julius Debrah, at the Ghana Converge Summit 2026, Genfi highlighted several positive economic indicators, including easing inflationary pressures, declining interest rates, exchange-rate stability, and stronger external reserves. These factors are contributing to increased confidence in the business environment.

He emphasized that the government's fiscal and structural reforms are designed to create a more predictable economy, which will support business expansion and encourage long-term investment. Genfi noted the importance of stability over uncertainty for businesses and investors, advocating for a strong partnership between the government and the private sector to achieve sustainable economic growth.

Genfi mentioned the CEO-Government Compact 2026 as a mechanism to enhance engagement with businesses, ensuring that their concerns are considered in economic policy and implementation. He stressed the necessity of creating a conducive policy and institutional environment for businesses, enabling the private sector to invest, innovate, and expand.

On the topics of industrialization and trade, he discussed the government's Accelerated Export Agenda, which aims to position Ghanaian businesses to benefit from the African Continental Free Trade Area (AfCFTA). Genfi urged a transition from reliance on raw-material exports to local processing, manufacturing, and value addition, which would help build competitive Ghanaian enterprises and generate more employment.

He also highlighted initiatives such as the Northshore Apparel Factory as steps toward strengthening domestic production and raising Ghanaian businesses in global value chains. Additionally, Genfi pointed to programs like Adwumawura, the National Apprenticeship Programme, the Women's Development Bank, and the One Million Coders Programme, which are intended to expand opportunities for young people, women, and entrepreneurs.

Genfi underscored the significance of digital skills and innovation, indicating that the digital economy is a means for businesses to access new markets, enhance productivity, and compete internationally. He concluded by urging Ghana to invest in the necessary skills, innovation, and knowledge to thrive in the future economy.