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Els MBN360 News
he Minister for Trade, Agribusiness and Industry, Hon. Elizabeth Ofosu-Adjare, has called on British investors to deepen their engagement with Ghana, citing a period of robust macroeconomic recovery and structural reform.
Speaking at a reception in Accra, held in honor of the British International Investment (BII) Board of Directors, the Minister highlighted Ghana’s restored stability as a primary incentive for foreign capital. The event, hosted by British High Commissioner Dr. Christian Rogg, provided a platform for the Minister to detail the “measurable results” of the current administration’s economic reset agenda.
“Ghana offers what UK investors value most – stability, transparency and partnership. We are one of Africa’s most stable democracies with strong institutions and a proven record of peaceful political transitions. Our government is implementing comprehensive business regulatory reforms aimed at reducing bureaucracy and lowering the cost of doing business”Hon. Elizabeth Ofosu-Adjare, Minister for Trade, Agribusiness and Industry
The Minister noted that key to this recovery is Ghana’s surging growth rate, which reached 5.5 per cent in the third quarter of 2025, marking the country’s strongest performance in five years. This recovery is underpinned by a dramatic reduction in inflation, which plummeted from a peak of 54 per cent in late 2022 to just 5.4 per cent by December 2025.
Furthermore, the International Monetary Fund (IMF) recently recognized the Ghana Cedi as Africa’s best-performing currency for the 2025 calendar year, a turnaround that has earned the country sovereign rating upgrades from Fitch, Moody’s, and S&P.
Strengthening Bilateral Trade
Bilateral trade between Ghana and the United Kingdom remains a cornerstone of the nation’s commercial strategy. Under the Ghana–UK Trade Partnership Agreement, total trade reached £1.5 billion as of June 2025, a 5.7 per cent increase year-on-year.
While UK exports to Ghana rose by over 22 per cent to reach £888 million, Ghana’s exports to the UK – valued at £640 million – continue to be driven by value-added products such as cocoa paste, processed fish, and tropical fruits.
Beyond bilateral ties, Hon. Ofosu-Adjare emphasized Ghana’s strategic importance as the host of the African Continental Free Trade Area (AfCFTA) Secretariat. This position offers UK investors a unique entry point into a unified African market comprising 1.4 billion people and a collective GDP exceeding US$3.4 trillion.
The Minister noted that the government’s focus on digitizing public services, including customs administration and business licensing, is specifically designed to facilitate cross-border trade and logistics.
Priority Sectors and Fiscal Incentives
According to Hon. Ofosu-Adjare, the Ministry of Trade, Agribusiness and Industry (MoTAI), has identified several high-growth sectors for immediate British partnership, including automotive manufacturing, pharmaceuticals, renewable energy, and fintech.
These are supported by the Jobs and Economic Transformation (JET) Programme and the Rapid Industrialization for Jobs initiative. To further sweeten the investment landscape, the 2026 Budget introduced significant tax reforms, such as the abolition of VAT on mineral reconnaissance and the extension of zero-rating for locally manufactured textiles through 2028.
Special emphasis was placed on agribusiness, with a flagship programme targeting commercial farming and agro-processing. The Minister encouraged UK firms to participate in these value chains to help bridge the gap between raw production and finished industrial goods
“Our flagship Agribusiness Programme is focused on agro-processing and value addition. We call on BII and other UK institutions to partner with us particularly in pharmaceuticals, textiles, automotive manufacturing, and logistics infrastructure to drive mutual economic growth”Hon. Elizabeth Ofosu-Adjare, Minister for Trade, Agribusiness and Industry
To maintain this momentum, the Minister announced that the Ghana High Commission, in collaboration with UK partners, will host a high-level Ghana Investment Forum in London later this year.
This forum will serve as a follow-up to current discussions, allowing British investors to engage directly with Ghanaian sector leads on specific joint-venture opportunities. The Minister concluded by stressing that fiscal discipline and results-based monitoring remain the hallmarks of the current “Economic Reset.”
