Tema:President John Dramani Mahama announced a significant rise in Ghana's foreign direct investment (FDI), which increased from $624 million in 2024 to $2.62 billion in 2025. He described this increase as an indicator of growing investor confidence in the country's economy.
According to Ghana Web, President Mahama made these remarks during a visit to the Nestlé Ghana factory in Tema after commissioning a new evaporated milk production line. He emphasized that the rise in investment coincided with falling interest rates, lower inflation, and a stronger cedi, which are improving Ghana's business environment.
The President noted that inflation decreased from 23.8 percent to about 5.2 percent, and the cedi regained strength, performing relatively well. Interest rates also showed a downward trend, with spreads between 9 and 13 percent, reflecting economic improvement.
President Mahama stressed the importance of these economic indicators beyond mere reports, as they significantly affect business decisions regarding expansion and capital investment. He explained that economic stability could influence whether a company proceeds with expansion plans or halts them.
While acknowledging potential currency risks in investment decisions, President Mahama highlighted Nestlé's investment as a positive sign of confidence in Ghana's long-term prospects. This investment aligns with the government's Reset Agenda, aiming to boost the country's industrial ambitions.