Ghana's Economic Reset: Minister Ofosu-Adjare Urges UK Investors to Lead New Investment Wave

Minister for Trade, Agribusiness and Industry, Elizabeth Ofosu-Adjare, has issued a strong call to the United Kingdom’s private sector to lead a new wave of investment in Ghana, citing a successful "economic reset." Speaking at a reception for the British International Investment (BII) Board on January 29, 2026, the Minister highlighted Ghana’s transition from economic volatility to stability. She presented the country as a primary destination for foreign capital, bolstered by transparent governance and a strategic position as the gateway to the $3.4 trillion African Continental Free Trade Area (AfCFTA) market.

The cornerstone of the Minister’s pitch was Ghana’s remarkable macroeconomic turnaround over the last three years. She noted that inflation, which stood at a staggering 54% in December 2022, plummeted to just 5.4% by December 2025. This stabilization is complemented by a robust 5.5% GDP growth rate recorded in late 2025. Furthermore, the Ghana Cedi has emerged as Africa’s top-performing currency, reflecting renewed investor confidence and effective fiscal management. These improvements form the basis of the government's narrative of a comprehensive economic recovery that has made the nation more attractive for industrial and extractive sectors.

The trade relationship between Ghana and the UK is already flourishing, with bilateral trade reaching £1.5 billion by mid-2025—a 5.7% increase year-on-year. Notably, Ghanaian exports to the UK increasingly consist of high-value processed goods. The Minister urged the BII and the broader British private sector to expand their portfolios by focusing on high-growth sectors such as pharmaceuticals, renewable energy, and automotive manufacturing. She emphasized that Ghana is not just looking for aid, but for sustainable joint ventures and partnerships that benefit both economies.

Looking ahead, the government is implementing further measures to enhance the business environment. Minister Ofosu-Adjare announced that the 2026 National Budget introduces specific fiscal reforms designed to streamline operations for foreign investors. As a major next step, a Ghana Investment Forum is scheduled to take place in London later this year. This forum will serve as a critical platform for formalizing partnerships and facilitating direct business negotiations between British investors and Ghanaian industrial leaders, signaling that Ghana is fully open for business.