Ghana pitched itself as a leading destination for investment and industrial expansion, with Trade Minister Elizabeth Ofosu-Adjare outlining efforts to shift the economy toward value-added production at a business forum in London. Speaking at an event hosted by the Commonwealth Enterprise and Investment Council on April 20, Ofosu-Adjare said the country is advancing policies aimed at reducing reliance on raw material exports while strengthening manufacturing and processing capacity. “Africa’s Next Chapter: Building Resilient, Diversified Economies,” she said, centers on the continent’s growing role as an investment frontier, with opportunities for deeper global partnerships. The minister said Ghana is targeting increased domestic processing in key sectors, including plans to process at least half of its cocoa output locally and expand gold refining capacity. The strategy is part of a broader push to retain more value within the economy and build industrial capacity. Ghana’s non-traditional exports reached a record $5 billion in 2025, driven largely by processed and semi-processed goods, according to the minister, signaling progress toward diversification.The shift reflects efforts to reduce dependence on primary commodities and build resilience against external shocks. Ofosu-Adjare pointed to improving macroeconomic conditions, including sustained growth, easing inflation and fiscal consolidation, as evidence of a recovery in momentum. READ ALSO Oyster Agribusiness Rewards Top Farmers, Accelerates Expansion and Value Addition Drive Ghana’s Recovery Gains Recognised in IMF 2026 Outlook but External Headwinds Intensify Unlocking Ghana’s Creative Economy: Government Urged To Invest In Visual Arts Industry She said the country’s external position has strengthened, supporting its appeal to investors.Ghana’s role as host of the African Continental Free Trade Area Secretariat was highlighted as a key advantage, giving businesses access to a market of more than 1.4 billion people. The minister also cited stable governance and a business-friendly legal framework as factors underpinning investor confidence. Recent reforms, including the proposed Ghana Investment Promotion Authority legislation, are designed to enhance investor protections, introduce incentives and improve the ease of doing business. Ofosu-Adjare invited global investors to participate in the upcoming Ghana-UK Investment Summit, positioning it as an opportunity to tap into the country’s growth prospects. The address is expected to expand Ghana’s strategy to deepen international partnerships and accelerate its industrialization agenda. Share this: Share on X (Opens in new window) X Share on Facebook (Opens in new window) Facebook Like this:Like Loading... Related