At the 2025 Kwahu Business Forum in Mpraeso, President John Dramani Mahama delivered a compelling address centered on transforming Ghana’s economic future through deep-rooted reforms in the financial sector.
Speaking on the theme “The Future of Business: The Role of the Financial Sector”, the President outlined his vision for a resilient, inclusive, and productive economy.
Acknowledging the current economic challenges—including high inflation, a weakened cedi, and elevated debt levels—Mahama expressed optimism about early signs of stabilization. However, he emphasized that mere recovery isn’t enough; Ghana must pursue transformation that prioritizes opportunities for all, especially small and medium-sized enterprises (SMEs), youth, and rural communities.
He announced a set of bold measures to reshape the financial landscape:
- Access to finance: Expansion of affordable credit through institutions like the Ghana Development Bank, a planned Women Development Bank, and new venture capital funds focused on youth- and women-led businesses.
- Support for SMEs: Tax incentives, technical support, and improved infrastructure to lower business costs.
- Financial sector reform: Shifting the sector’s focus away from speculative activities to support productive investment in real businesses.
- Financial inclusion: Partnerships with banks, fintechs, and mobile money platforms to bring underserved populations into the formal financial ecosystem.
Mahama also highlighted the upcoming Jobs and Skills Compact, designed to align education and training with market needs. This initiative, he noted, is part of his broader strategy to roll out a 24-Hour Economy, enhancing productivity through reliable infrastructure and around-the-clock business operations.
The President concluded by calling for stronger public-private partnerships and reaffirmed his commitment to fostering a transparent, corruption-free government that sees the private sector as a development partner—not just a source of tax revenue.
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