Governor of the Bank of Ghana, Dr. Johnson Pandit Asiama, says Ghana’s improving macroeconomic conditions are rebuilding investor confidence, with US$2.61 billion in new investments recorded across 253 projects in 2025 despite a difficult global investment environment.
Delivering the opening and host address at the launch of the 2025 Annual Investment Report at the Bank of Ghana on Friday, Dr. Asiama said the country was emerging from a period of severe economic pressure with stronger fundamentals and a more predictable environment for businesses.
He described 2025 as representing more than an economic rebound.
“The journey of 2025 is therefore not merely a story of recovery; it is a story of restoration — restoring stability, rebuilding confidence, and laying the foundation for sustainable and inclusive growth.”
The Governor recalled that Ghana had endured elevated inflation, exchange-rate pressures, tight financing conditions and declining investor confidence. At the height of the crisis, he said, headline inflation exceeded 54%.
According to him, disciplined monetary policy, fiscal consolidation and structural reforms under Ghana’s IMF-supported programme have contributed to a sharp turnaround, with inflation falling to 4.6% as of July 2026.
Dr. Asiama also pointed to the recovery of the cedi, stronger external reserves and improving economic activity, with growth becoming increasingly broad-based across services and agriculture alongside a gradual recovery in industry.
For the Governor, the investment figures contained in the 2025 Annual Investment Report provide an important measure of how these improvements are translating into business confidence.
“Investment, at its core, follows confidence,” he said. “Investors seek environments where policies are credible, where institutions are dependable, and economic conditions are predictable.”
He disclosed that Ghana attracted approximately US$2.61 billion in new investments across 253 projects in 2025, arguing that the performance demonstrates continued investor interest despite subdued investment flows in several parts of the world.
Beyond the headline figure, Dr. Asiama highlighted growing investment interest in manufacturing, agribusiness, logistics and technology-enabled services, describing the trend as consistent with Ghana’s ambition to move away from dependence on raw-material exports towards industrialisation, innovation and value addition.
Domestic investor participation also featured prominently in the Governor’s assessment. He said 71 wholly Ghanaian-owned projects valued at approximately US$686 million were registered, demonstrating confidence among local businesses in the country’s long-term prospects.
He further welcomed the increasing geographical spread of investments beyond Greater Accra, stressing that a more balanced distribution of projects would be essential to ensuring that the benefits of investment and economic growth reach communities across the country.
Looking ahead, Dr. Asiama said Ghana’s position as host of the African Continental Free Trade Area (AfCFTA) Secretariat, combined with its young population, natural resources, improving infrastructure and expanding digital economy, provides a strong platform for attracting investment targeted at the wider African market.
He also cited ongoing reforms, including the 24-Hour Economy programme, digitalisation, stronger investor aftercare and efforts to establish a modern investment promotion authority, as measures expected to further improve Ghana’s business environment.
The Governor maintained that preserving macroeconomic stability will be critical to converting these opportunities into sustained investment.
The 2025 Annual Investment Report was launched by the Ghana Investment Promotion Authority in collaboration with the Bank of Ghana, Ghana Free Zones Authority and Petroleum Commission, providing a consolidated assessment of investment trends and performance across the Ghanaian economy.
