John Dramani Mahama invites global investors to explore Ghana

President John Dramani Mahama has extended a formal invitation to international partners to explore investment opportunities in Ghana during the Financial Times Africa Summit in London. Addressing a gathering of global leaders and business executives, the President emphasized Ghana’s strategic focus on economic independence and industrialization. He noted that the nation’s foreign policy remains rooted in non-alignment, ensuring that Ghana remains a "friend to all" and prioritizes mutually beneficial partnerships over global political rivalries.

A central pillar of the President’s address was the urgent need for Africa to transition from a raw material export-driven economy to one focused on local processing and value addition. President Mahama detailed specific targets for Ghana, including a pledge to halt the export of raw mineral ores by 2030. Furthermore, he committed to ensuring that at least 50% of the country’s cocoa production is processed domestically, a move intended to stimulate job creation and increase the nation’s share of the global value chain.

To support this economic transformation, President Mahama introduced the "Accra Reset" initiative. This program seeks to mobilize $20 billion for national development while significantly reducing the country's dependency on foreign aid. By focusing on internal resource mobilization and strategic investments, the initiative aims to create a more resilient economy capable of withstanding global shocks. The President challenged other African leaders to drive similar value-addition agendas to secure the continent's economic future.

During his remarks, President Mahama also addressed the skepticism often shown by Western investors toward African markets, highlighting the continent's proven resilience in the face of global economic challenges. He reassured potential investors that Ghana offers a stable environment where fair returns are prioritized regardless of political affiliation. Beyond immediate economic concerns, the President touched upon the historical context of Africa's development, maintaining that the primary focus remains on building a robust, self-sustaining industrial base.