The Ambassador of Ghana to the United States, Victor Smith, has called on American businesses and investors to explore Ghana’s growing investment opportunities and take advantage of its pro-business environment.
Speaking at a business meeting in McPherson Square, Washington, D.C., Ambassador Smith reaffirmed the commitment of President John Dramani Mahama’s administration to creating a vibrant, inclusive, and investor-friendly economy.
“Ghana is open and ready for business. We are not asking our friends to observe from afar—we are inviting you to be part of Ghana’s unfolding story of transformation,” Ambassador Smith said.
The event gathered U.S. executives, investors, environmental experts, and professionals from sectors including energy, agriculture, infrastructure, and digital technology.
Economic Renewal and Confidence
Ambassador Smith highlighted the administration’s achievements under its economic recovery agenda, including the removal of nuisance taxes, stabilization of the cedi, and a significant drop in inflation.
He noted that S&P Global Ratings recently upgraded Ghana’s country risk outlook from junk to B- (stable), reflecting renewed international confidence in the country’s economic management.
“We have restored macroeconomic stability and are sustaining growth through sound, people-centered policies. Our focus is to ensure that this growth benefits ordinary Ghanaians,” he added.
Transformative 24-Hour Economy Initiative
The Ambassador highlighted President Mahama’s 24-Hour Economy Initiative, describing it as “a bold, job-creating plan to boost productivity, expand employment, and modernize agriculture and industry.”
He noted that Tema and Takoradi ports now operate 24 hours daily to enhance trade efficiency, while legal reforms to the Ghana Investment Promotion Centre (GIPC) Act and the Labour Act are strengthening the investment framework.
Investing in Skills and Innovation
Ambassador Smith emphasized Ghana’s focus on youth skills development and digital innovation, citing the One Million Coders Program as a key initiative preparing young Ghanaians for global digital careers.
He also highlighted the formalization of the gold trade through the new Gold Board, reflecting the government’s commitment to transparency, responsible resource management, and community reinvestment.
A Call to Partnership
In closing, Ambassador Smith urged American investors and Ghana’s diaspora professionals to partner in building a stronger, more prosperous Ghana.
“Ghana offers not just a market, but a gateway to West Africa. 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 for a seamless and mutually beneficial entry,” he said.
