President John Dramani Mahama has called for a bold transformation of Ghana’s economy, stressing the need for a financial sector that empowers all citizens from small vendors to large manufacturers.
Speaking at the Kwahu Business Forum in Mpraeso, the President outlined a comprehensive vision for inclusive growth under the theme, “The Future of Business: The Role of the Financial Sector.”
Addressing a diverse audience of policymakers, business leaders, and entrepreneurs, Mahama acknowledged recent economic challenges, including inflation, currency depreciation, and investor uncertainty. However, he expressed confidence in the country’s gradual recovery, noting early signs of macroeconomic stability.
“But recovery alone is not enough,” he declared. “We must build an economy that is resilient, inclusive, and productive. And this cannot be achieved without a financial sector that works not just for a few, but for every Ghanaian.”
Mahama outlined key policy measures to boost access to finance, including expanded funding through the Ghana Development Bank and the launch of a national venture capital fund targeting youth and women-led enterprises. He also committed to regulatory reforms that promote lending to productive sectors and reduce borrowing costs.
Other pillars of his agenda include improving infrastructure, deepening financial inclusion especially in rural areas and supporting the digital and green economy through a 24-Hour Economy strategy. A new “Jobs and Skills Compact” is also in the works to align education with labour market needs.
The President emphasized that sustainable growth requires not only financial reforms but also political stability, rule of law, and a responsive public service.
“The future of Ghana will not be determined by government alone,” he concluded. “It will be determined by our ability to build partnerships between state and private sector, between finance and innovation, and between leadership and the people.”
