Dr Zakari Mumuni urges Asian investors to partner Ghanaian businesses

Dr Zakari Mumuni, the First Deputy Governor of the Bank of Ghana, has called on Asian investors to establish strategic partnerships with Ghanaian firms to capitalize on the continent's growing economic potential. Speaking at the High-Level West Africa–Asia Capital Dialogue in Bangkok, Thailand, Dr Mumuni highlighted Ghana’s role as a primary gateway to the broader African market, particularly through the African Continental Free Trade Area (AfCFTA) framework. He emphasized that these collaborations would provide a platform for Asian capital to reach a vast and expanding consumer base across the region.

During his address, the Deputy Governor identified several high-potential sectors for investment, specifically pointing to agro-processing, manufacturing, and financial technology. He noted that Ghana's recent efforts toward macroeconomic stabilization have significantly restored investor confidence, creating a more conducive environment for foreign capital. However, he also acknowledged that certain hurdles remain, including infrastructure constraints and regulatory uncertainties, which require concerted efforts from both public and private sectors to address.

Dr Mumuni further stressed the importance of making local opportunities more "investable" by developing stronger institutional partnerships and effective risk-sharing mechanisms. He argued that sound policies and actionable commitments are essential to managing investment risks and enhancing cross-border trade between Africa and Asia. By fostering these ties, he noted, both regions could achieve sustainable business growth and long-term economic stability.

The dialogue in Bangkok underscores a broader push by the Bank of Ghana to attract diverse investment sources as the country seeks to diversify its economy. The central bank's invitation serves as a strategic move to leverage Asian expertise and capital in digital services and industrialization, aiming to build a more resilient and integrated economic partnership between West Africa and the Asian markets.