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The Ambassador of Ghana to the United States, Victor 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, Washington, D.C., 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.” The meeting brought together a cross-section of U.S. business executives, investors, environmental experts and professionals from across sectors, including energy, agriculture, infrastructure, and digital technology. Economic Renewal and Confidence Ambassador Smith outlined key achievements under the new administration’s economic recovery agenda, including the elimination of nuisance taxes, stabilisation 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 reflecting renewed international confidence in Ghana’s economic management. “We have restored macroeconomic stability and are sustaining growth through sound, people-centred policies,” he said. “Our focus is to make sure that this growth is felt in the lives of ordinary Ghanaians.” Transformative 24-Hour Economy Initiative 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 modernise agriculture and industry.” He explained that the policy was already in motion, with Tema and Takoradi ports operating 24 hours daily to improve trade efficiency, while legal reforms to the Ghana Investment Promotion Centre (GIPC) Act and the Labour Act are creating a more secure and flexible framework for investors. Investing in Skills and Innovation The Ambassador also emphasised Ghana’s investment in youth skills and digital innovation. He cited the One Million Coders Program as a landmark initiative preparing young Ghanaians for global digital jobs and entrepreneurship. He further pointed to the formalisation of the gold trade through the new Gold Board, as part of the government’s commitment to transparency, responsible resource management, and community reinvestment. A Call to Partnership 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.” DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited. DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
