President John Mahama has unveiled a comprehensive five-point plan aimed at revitalizing Ghana’s private sector and positioning it at the heart of his administration’s economic reset agenda.
Speaking at the Kwahu Business Forum held at Mpraeso in the Eastern Region on April 19, Mahama emphasized his government’s commitment to building a transparent, inclusive, and investor-friendly business environment.
Themed “The Future of Business: The Role of the Financial Sector,” the forum brought together key players from Ghana’s business and financial sectors to explore strategies for sustainable economic growth.
“Our vision for Ghana’s business future is bold and deliberate,” Mahama declared. “We’re restoring investor confidence by cutting bureaucratic red tape, enhancing transparency, and enforcing a rules-based investment climate.”
The former president highlighted sectors such as agro-processing, ICT, tourism, renewable energy, manufacturing, and the green economy as priorities, not just for attracting foreign investment but also for empowering Ghanaians to lead enterprise development.
Mahama’s 5-point action plan includes:
Affordable Financing: Boost access to capital through the Ghana Development Bank, a new Women’s Development Bank, and private financial partnerships.
SME Support: Provide targeted financing, tax breaks, and technical assistance to small and medium-sized enterprises.
Infrastructure Modernization: Improve roads, logistics, and digital connectivity to enhance the business environment.
Lower Borrowing Costs: Reform credit systems and promote blended finance options to make borrowing cheaper.
Financial Sector Reform: Reorient banks and financial institutions to focus on productive investments instead of speculative or government-related lending.
He also announced the establishment of a national venture capital fund to support youth- and women-led businesses and promised regulatory reforms to incentivize lending to critical sectors.
“Financial inclusion is central to this agenda,” Mahama noted. “We will collaborate with banks, fintechs, and mobile money operators to expand financial access, especially in rural and underserved communities.”
The Forum served as a platform to reinforce Mahama’s broader goal of inclusive economic growth, anchored by a vibrant and empowered private sector.
