The Minister for Trade, Agribusiness and Industry, Elizabeth Ofosu-Adjare, has urged British investors to deepen their engagement in Ghana’s economy, citing strong macroeconomic recovery, ongoing regulatory reforms and the country’s strategic position as a gateway to Africa.
She made the call at a reception in honour of the Board of Directors of British International Investment (BII), hosted by the British High Commissioner to Ghana, Dr Christian Rogg, on Thursday, January 29, 2026, in Accra.
The Minister said Ghana’s economic reset agenda under President John Dramani Mahama was already yielding measurable results, restoring investor confidence and strengthening the business environment.
According to her, Ghana recorded 5.5 per cent economic growth in the third quarter of 2025, the strongest performance since 2020, reflecting government efforts to stabilise the economy and implement far-reaching structural reforms.
“Ghana offers what UK investors value most — stability, transparency and partnership,” Elizabeth Ofosu-Adjare said, describing the country as one of Africa’s most stable democracies with strong institutions and a proven record of peaceful political transitions.
She noted that the government is implementing comprehensive business regulatory reforms aimed at reducing bureaucracy, digitising public services and lowering the cost of doing business. These reforms, she said, cover customs administration, tax filing and business licensing processes.
The Minister highlighted Ghana’s role as host of the African Continental Free Trade Area (AfCFTA) Secretariat, describing it as a key competitive advantage for investors seeking access to a market of 1.4 billion people across 54 countries, with a combined GDP of more than US$3.4 trillion.
On bilateral trade, she said the Ghana–UK Trade Partnership Agreement had created new opportunities for private sector growth. As of June 2025, total trade between the two countries stood at £1.5 billion, representing a 5.7 per cent increase over the previous year.
UK exports to Ghana rose by 22.1 per cent to £888 million, while Ghana’s exports to the UK reached £640 million, led by cocoa paste, tropical fruits and processed fish.
Elizabeth Ofosu-Adjare also outlined key government initiatives under the Jobs and Economic Transformation (JET) Programme, including the Accelerated Export Development Programme, Rapid Industrialisation for Jobs, and a flagship Agribusiness Programme focused on agro-processing, value addition and commercial farming.
She called on BII and other UK institutions to partner with Ghana in priority sectors such as agribusiness, pharmaceuticals, textiles and garments, automotive manufacturing, renewable energy, healthcare, fintech and logistics infrastructure.
Highlighting recent macroeconomic gains, the Minister said inflation had declined sharply from 54 per cent in December 2022 to 5.4 per cent by December 2025, while the Ghana cedi emerged as Africa’s best-performing currency in 2025, according to the International Monetary Fund.
She added that Ghana’s fiscal discipline had earned sovereign rating upgrades from Fitch, Moody’s and S&P.
She further announced significant tax reforms in the 2026 Budget, including the abolition of VAT on mineral reconnaissance and prospecting, the extension of zero-rating for locally manufactured textiles to 2028, and the introduction of digital VAT monitoring systems to enhance transparency and compliance.
The Minister also disclosed plans for a high-level Ghana investment forum in London later this year, to be hosted by the Ghana High Commission in collaboration with UK partners.
“Ghana is open for business,” Ms Ofosu-Adjare said. “Let us turn today’s conversations into joint ventures and build supply chains that reflect both Ghanaian resilience and UK innovation.”
