Prez Mahama pledges to empower private sector, drive economic growth
President John Dramani Mahama has reaffirmed his administration’s commitment to fostering economic growth by empowering the private sector to lead Ghana’s development agenda. Speaking at the Independence Square during his swearing-in ceremony as the sixth President of the Fourth Republic, President Mahama unveiled a comprehensive vision aimed at creating jobs, equipping the youth with skills, and driving innovation across various sectors.
In his inaugural address, the President pledged to provide an enabling environment for youth-led job creation, stressing that employment and skills development would be critical pillars of his administration’s economic policies.
“Our policies will be tailored to sustain innovation and foster industries that engage today’s young minds while equipping them with the skills needed to tackle tomorrow’s challenges,” President Mahama said.
Championing Private Sector Growth
Highlighting the private sector as a vital engine for economic development, President Mahama promised to work closely with business leaders to expand their operations and create well-paying jobs.
“Together with the private sector and captains of business, we will create decent and well-paying jobs,” he assured. “As we embark on this new chapter, I assure you that our decisions will champion diversity in all facets of governance.”
The President underscored his administration’s focus on cultivating a business-friendly environment, promising policy reforms that reduce barriers to entrepreneurship, facilitate access to credit, and enhance competitiveness.
The 24-Hour Economy and Agribusiness
A cornerstone of President Mahama’s economic strategy is the introduction of a vibrant 24-hour economy policy, anchored on agriculture and agribusiness. The President emphasized that agribusiness initiatives would play a transformative role in unlocking Ghana’s dormant economic potential.
“This innovative and vibrant 24-hour economy policy will be anchored on agriculture and agribusiness,” he explained. “It will enable us to harness the energy and creativity of all our people, while promoting sustainable economic growth.”
President Mahama envisioned a future where Ghana’s markets would operate around the clock, creating a dynamic and responsive economic environment.
“Imagine a Ghana where our markets are alive and bustling at all hours of the day, with responsive public services accessible at all times so businesses can operate flexibly to meet diverse demands,” he added.
Ghana: Open for Business
In a direct appeal to the global investor community, President Mahama declared, “Ghana is open for business again.” He called on both domestic and international investors to deepen their engagements with Ghana, leveraging the country’s improved business climate to drive mutual growth and prosperity.
The President’s call to action was accompanied by assurances of transparency, accountability, and regulatory reforms aimed at creating a stable and predictable investment environment.
A Vision for the Future
President Mahama’s inaugural address was not only a roadmap for economic revival but also a call to action for all Ghanaians to play their part in building a prosperous future. His administration’s focus on youth empowerment, private sector collaboration, and agricultural innovation signals a transformative approach to governance.