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April 4, 2026
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President Mahama optimistic about Ghana’s economic progress at Kwahu Business Forum 2026
Money
Policy
Opportunity
Growth
Key Points
- President John Dramani Mahama reported significant improvements in Ghana's business environment at the Kwahu Business Forum 2026, citing increased foreign direct investment (FDI) and domestic investment.
- He highlighted a reduction in government borrowing, which has freed up credit for the private sector and shifted banks' focus towards private sector lending.
- Interest rates have dramatically fallen from 32% in 2024 to as low as 9-10%, making credit more affordable for businesses.
- The government has achieved macroeconomic stability, with reduced inflation providing more predictable pricing and a conducive environment for businesses.
- Ghana's economy has demonstrated resilience against external shocks, maintaining nearly six months of export cover and secure petroleum reserves.
Why This Matters
The reported improvements in Ghana's business environment, including lower interest rates and macroeconomic stability, are crucial for fostering private sector growth, job creation, and overall economic development. Increased investor confidence and enhanced economic resilience position Ghana for sustained progress and greater integration into the global economy, directly impacting the livelihoods of its citizens.
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