{"id":90478,"date":"2025-08-20T03:58:00","date_gmt":"2025-08-20T03:58:00","guid":{"rendered":"https:\/\/sotnews.agency\/?p=90478"},"modified":"2025-08-20T03:58:00","modified_gmt":"2025-08-20T03:58:00","slug":"mahama-touts-cedi-stability-ratings-upgrade-and-open-door-investment-reforms-in-japan","status":"publish","type":"post","link":"https:\/\/sotnews.agency\/?p=90478","title":{"rendered":"Mahama touts cedi stability, ratings upgrade and open-door investment reforms in Japan"},"content":{"rendered":"
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\n \t<\/i> Read Time:<\/span>2 Minute, 47 Second <\/div>\n\n <\/div>
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President John Mahama has highlighted Ghana\u2019s economic recovery and renewed investment appeal, touting the cedi\u2019s stability, a sovereign ratings upgrade, and new reforms to ease entry for foreign investors.<\/p>\n

He said Ghana had restored macroeconomic stability and was now among the most attractive destinations for investors in Africa.<\/p>\n

The President was speaking at the Ghana Presidential Investment Forum on the sidelines of the 9th Tokyo International Conference on African Development (TICAD IX) in Japan on Wednesday.<\/p>\n

\u201cInflation rose to a high of almost 23% in 2024, and it\u2019s currently down to 13.7%, and we expect that by the end of the year to hit single digits. And it\u2019s also our cedi has stabilised. <\/p>\n

\u201cFor those of you who know the history of the Ghanaian cedi, it\u2019s been one of the most volatile currencies in Africa, and a few years back, we were said to be the worst-performing currency. <\/p>\n

\u201cI\u2019m happy to announce that this year, the Ghana cedi has been the best-performing currency in the world,\u201d he said.<\/p>\n

Mr Mahama further pointed to renewed international confidence in Ghana\u2019s economy, referencing an improved sovereign credit rating. <\/p>\n

\u201cWe\u2019ve been upgraded from junk status to B minus with a stable outlook, and I\u2019m certain that in the next review, we\u2019re going to be upgraded again,\u201d he added.<\/p>\n

The President also announced major reforms to attract foreign investment, particularly through changes to the Ghana Investment Promotion Centre (GIPC) Act. <\/p>\n

\u201cIn the reviewed GIPC Act, we are removing those minimal capital investments. This will enable any investor, however little money you have \u2014 $100,000, $50,000 \u2014 to be able to come in and set up a business in Ghana,\u201d he explained.<\/p>\n

Underscoring Ghana\u2019s credentials as a stable and business-friendly country, Mr Mahama said the nation was strategically positioned to serve as a hub for West Africa and beyond. <\/p>\n

\u201cGhana is a stable, democratic, business-friendly gateway to West Africa and the continent. We have a growing consumer market with improving macroeconomic fundamentals, clear reforms to lower the cost of doing business, and abundant opportunities for technology transfer,\u201d he stressed.<\/p>\n

He pointed to the African Continental Free Trade Area (AfCFTA), headquartered in Accra, as a significant opportunity for investors. <\/p>\n

\u201cWith the vehicle of the African Continental Free Trade Area, you potentially can export into 1.4 billion markets,\u201d he said.<\/p>\n

Mr Mahama also showcased Ghana\u2019s comparative advantages in agribusiness, automotive assembly, energy, and industrialisation, noting that Japanese firms already present in Ghana had strong prospects for expansion. <\/p>\n

He referenced the \u201cVolta Economic Corridor\u201d as a blueprint for agro-processing, textile manufacturing, and industrial parks linked to irrigation and logistics.<\/p>\n

\u201cGhana is a land of opportunity, and many nationals from all over the world are investing in Ghana. Africa is the next frontier for investment. Most parts of the world are saturated when it comes to investment. <\/p>\n

\u201cAfrica is opening up, is growing, and is a place that Japan should be looking at. And so let us marry Japanese position with Ghanaian potential and create a win-win situation for ourselves,\u201d he urged.<\/p>\n

Mr Mahama concluded by declaring Ghana \u201copen for business 24 hours a day,\u201d stressing the country\u2019s vision for economic transformation was anchored in innovation, industrialisation, regional integration, and a bold infrastructure programme.<\/p>\n<\/div>\n

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