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October 16, 2026
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Ghana’s BRICS partnership bid aimed at broadening development opportunities – Mahama
Money
Policy
Opportunity
Growth
Key Points
- Ghana is applying for partnership with BRICS countries to broaden development partnerships and deepen South-South cooperation.
- The move aims to create wider opportunities for trade, investment, industrialisation, and value addition, while maintaining relationships with traditional partners.
- President Mahama charged newly commissioned ambassadors to prioritize economic diplomacy by attracting investors, helping local businesses access foreign markets, and fostering partnerships for skills and technology transfer.
- Ghana seeks to strengthen its capacity to produce and compete internationally, secure market and technology access, and protect its freedom to make decisions in a changing global environment.
- The government is focused on local processing of critical minerals like gold, lithium, bauxite, and manganese to retain greater value and attract investment for industrial transformation and job creation.
Why This Matters
Ghana's strategic pivot towards BRICS partnership and a strong emphasis on economic diplomacy is crucial for diversifying its international alliances and bolstering economic resilience. This approach is designed to attract vital investments, technology, and market access, which are essential for driving industrialization, adding value to natural resources, and creating employment, thereby fostering sustainable national development.
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‘We tend to be open-minded and liberal, but that’s not how we’ve lived so far’ – Kufuor
- Former President Kufuor advocates for a Ghana where individual enterprise thrives, supported by strong leadership and inclusive governance.
- He emphasizes leveraging Ghana's natural resources and human talent, cautioning against stifling initiative with excessive taxation.
- Kufuor envisions a state framework that empowers the private sector to mature, attract investment, and allow citizens to build legitimate wealth.
- His vision balances private enterprise with robust social protection, calling for quality education, healthcare, and a safety net against poverty.
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