President John Dramani Mahama held his first-ever Presidential Dialogue with the Private Sector in Accra on Monday, reinforcing his commitment to deepen cooperation between the government and business leaders as a key driver of Ghana’s industrial and economic transformation.
President Mahama reminded attendees that during the 2024 election campaign, he pledged to institutionalize an annual dialogue with captains of industry and business to tackle challenges facing the private sector. “A promise made, a promise kept,” he said, emphasizing that sustainable economic transformation requires a strong partnership between the public and private sectors.
At the event, Mahama highlighted that while Ghana’s economy is showing positive signs — including currency stabilization, improved investor confidence, and increased private capital investments — more work is needed to move from stabilization to full-scale transformation.
The President outlined a national goal to increase the manufacturing sector’s contribution to GDP from around 10 % to at least 15 % by 2030 , aiming to support the creation of 500,000 new quality industrial jobs . He stressed that achieving this target would require structural reforms rather than incremental adjustments.
Mahama also acknowledged issues such as high energy costs, unreliable power supply, corporate tax challenges, and expensive industrial financing as barriers that must be addressed. He said the government plans to accelerate energy sector reforms, expand generation capacity — including renewables — improve water supply for manufacturing, and work with financial institutions to establish dedicated long-term financing for industry.
The dialogue marks a significant step in reinvigorating collaboration between the Ghanaian government and the private sector to foster a more competitive and resilient economy
