President Mahama calls on German investors to boost Ghana’s recovery
With a renewed emphasis on investment, industrial transformation, and job creation, President John Dramani Mahama and visiting German President Frank-Walter Steinmeier have reiterated their commitment to strengthening economic cooperation between Ghana and Germany.
During bilateral discussions at the Jubilee House in Accra, the two presidents discussed Ghana’s progress under the Resetting Ghana Agenda and decided to increase cooperation in digitization, renewable energy, and the development of vocational skills as important pillars of Ghana’s economic recovery.
Prioritize Investment and Economic Recovery
The two leaders discussed Ghana’s economic development under President Mahama’s ambitious Resetting Ghana Agenda, which aims to boost inclusive growth, restore macroeconomic stability, and boost investor confidence.
According to President Mahama, in order to improve the business climate and draw in long-term investment, Ghana is undertaking extensive reforms in public financial management, tax legislation, and industrial support. He reiterated Ghana’s steadfast dedication to working with Germany in these endeavors, especially within the framework of the Accra-based African Continental Free Trade Area (AfCFTA).
He continued by saying that Ghana is a perfect hub for trade and the growth of regional value chains because of its advantageous location, educated labor force, and political stability.
“We invite German industries to take advantage of this growing continental platform, in manufacturing, renewable energy, agribusiness, and digital innovation, to establish joint ventures that will create jobs and boost technology transfer,” he said.
President Mahama also praised Germany’s continued assistance through the Ghanaian-German Economic Cooperation Framework and the Compact with Africa (CwA) initiative, pointing out that both have strengthened the private sector and drawn ethical investment.
