Ghana is currently pursuing a bold programme of economic transformation - Mahama

President John Dramani Mahama has reaffirmed Ghana’s commitment to economic transformation, job creation and international cooperation, describing the country as an attractive destination for investment and trade as it pursues a bold development agenda.

The President made the remarks at the Banquet Hall of the Presidency in Accra during a ceremony to receive the letters of credence of seven newly accredited diplomats, officially marking the commencement of their diplomatic missions to Ghana.

The envoys presented with their credentials were:

• Ronald Micallef, High Commissioner of the Republic of Malta
• Andrei Ordash, Ambassador of the Russian Federation
• Michal Cygan, Ambassador of Poland
• Bambang Suharto, Ambassador of Indonesia
• Isbeth Lisbeth Quiel Murcia, Ambassador of Panama
• Armen Sargsyan, Ambassador of the Republic of Armenia
• Selestine Gervas Kakele, Ambassador of the United Republic of Tanzania

Welcoming the diplomats, President Mahama emphasized Ghana’s readiness to deepen bilateral relations and expand cooperation in areas such as trade, investment, technology, agriculture, energy and industrial development.

He noted that the government is implementing a comprehensive economic transformation programme aimed at creating sustainable employment opportunities, enhancing productivity and building a resilient economy capable of withstanding global economic shocks.

“Ghana is currently pursuing a bold programme of economic transformation aimed at creating sustainable jobs and building a resilient economy,” the President stated.

According to him, the government’s development strategy is anchored on key sectors that have the potential to accelerate economic growth and improve living standards for citizens.

“Our focus remains on agricultural modernisation, industrialisation, digital transformation and energy sector reforms,” he added.

President Mahama highlighted the government's flagship 24-Hour Economy initiative as a major pillar of the transformation agenda. The programme seeks to increase productivity by encouraging round-the-clock economic activity, stimulating private sector growth, boosting exports and creating employment opportunities across multiple sectors.

He explained that the initiative is expected to unlock new investment opportunities while enhancing Ghana’s competitiveness within regional and global markets.

The President also pointed to recent positive assessments by international financial institutions and global rating agencies as evidence of growing confidence in Ghana’s economic recovery and long-term prospects.

He therefore invited investors and businesses from the diplomats’ respective countries to explore opportunities in key sectors of the Ghanaian economy, including manufacturing, mining, technology, agribusiness, renewable energy and tourism.

According to President Mahama, Ghana remains one of Africa’s most stable democracies and offers a favourable environment for business growth, supported by strong institutions, political stability and strategic geographic positioning.

He further reminded the newly accredited envoys that Ghana hosts the Secretariat of the African Continental Free Trade Area, making the country an important gateway to Africa’s rapidly expanding market.

“As the host nation of the AfCFTA Secretariat, Ghana serves as a strategic gateway to a market of over 1.4 billion people,” he noted.

The President stressed that the implementation of the continental free trade agreement presents unprecedented opportunities for trade expansion, industrialisation and cross-border investment across Africa.

He encouraged the diplomats to play an active role in strengthening economic, political and cultural relations between Ghana and their respective countries while facilitating greater engagement between businesses and institutions.

The presentation of letters of credence is a significant diplomatic process that formally recognises ambassadors and high commissioners as official representatives of their countries, enabling them to undertake their duties and deepen bilateral cooperation.

The ceremony underscored Ghana’s continued commitment to international diplomacy, economic partnership and regional integration as the country seeks to attract investment, create jobs and accelerate sustainable development.