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The Ambassador of Ghana to the United States, Victor Emmanuel Smith, has called on American businesses and investors to take advantage of Ghana’s new pro-business environment and expanding investment opportunities. Speaking at a business meeting held at McPherson Square in Washington, DC, Ambassador Smith reaffirmed the commitment of the new administration of President John Dramani Mahama to building a vibrant, inclusive and investor friendly economy. “Ghana is open and ready for business,” Ambassador Smith declared. “We are not asking our friends to observe from afar we are inviting you to be part of Ghana’s unfolding story of transformation.” Ghana’s Ambassador to US cautions against practices that deter investors The meeting brought together a cross-section of US business executives, investors, environmental experts and professionals from various sectors, including energy, agriculture, infrastructure and digital technology. Ambassador Smith outlined key achievements under the new administration’s economic recovery agenda, including the elimination of nuisance taxes, stabilization of the exchange rate and a significant reduction in inflation. He noted that S&P Global Ratings had recently upgraded Ghana’s country risk outlook from junk to B (stable), a move that reflects renewed international confidence in Ghana’s economic management. “We have restored macroeconomic stability and are sustaining growth through sound, people-centered policies,” he said. “Our focus is to make sure that this growth is felt in the lives of ordinary Ghanaians.” Highlighting President Mahama’s flagship 24-Hour Economy Initiative, Ambassador Smith described it as “a bold, job-creating plan designed to boost productivity, expand access to employment and modernize agriculture and industry.” He explained that the policy is already in motion, with Tema and Takoradi ports now operating 24 hours daily to improve trade efficiency. In addition, legal reforms to the Ghana Investment Promotion Centre (GIPC) Act and the Labour Act are creating a more secure and flexible framework for investors. The Ambassador also emphasized Ghana’s investments in youth skills and digital innovation. He cited the One Million Coders Programme as a landmark initiative preparing young Ghanaians for global digital jobs and entrepreneurship. He further pointed to the formalization of the gold trade through the new Gold Board, which is part of the government’s commitment to transparency, responsible resource management and community reinvestment. In his closing remarks, Ambassador Smith urged both American investors and Ghana’s diaspora professionals to join hands in building a stronger and more prosperous Ghana. “Ghana offers not just a market but a gateway to West Africa,” he said. “With our stability, strategic location and reform-driven leadership, the time to engage is now.” “I stand ready to guide partners into Ghana’s growing economy and ensure a seamless, mutually beneficial entry for all.” Tragedy as farmer drowns while seeking loan to send child to SHS The wait is over! The GhanaWeb Excellence Awards 2025 is officially launched. Let’s Celebrate impact, innovation and excellence across Ghana. Who deserves to be honoured this year? Nominate now 👉 https://ghanaweb.com/ghanaexcellenceawards/nominate
