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Ghana Is Back On Track With Investment Opportunities – Bawumia Woos Foreign Investors
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Vice President Dr. Mahamudu Bawumia says Ghana’s economic opportunities for private sector investors are back on track as the country is navigating its way out of the global economic meltdown.
Dr Bawumia noted that the government is relentlessly re-focusing on economic growth and working hard to regain the trajectory Ghana was on and get back to pre-Covid growth numbers.
Speaking at the 3rd Ghana Investments and Opportunities Summit in London on Tuesday, June 6, 2023, he said, “we are living in extraordinary times. Over the past two years, inflation has surged. Its rise has been large, sudden, and global. In many parts of the world, it is now at levels unseen for generations. Meanwhile, financial systems have come under strain. For the first time in recent decades, we have seen high inflation and financial stress emerging in tandem. The world as we are all aware continues to face difficult moments caused by several factors, including climate change, disruptions in the supply chain of manufacturing goods as a result of the pandemic, among others.”
He further elaborated that “these issues as projected by the World Bank are sinking some developed and developing countries into recession. Just when the world was recovering from the ravages of Covid-19 pandemic, which came to shake the foundation of the world’s economy, causing it to a standstill through its devastating effects, resulting in the fall of Global Gross Doestic Product by over 78%, war also broke out between Russia and Ukraine. Its consequence has not only affected the two countries but also extended to other parts of the world, including Ghana.
We have been hit by mainly three major external forces. The Covid-19 pandemic hit our capacity to access fundamental goods, and the response put a burden on public finances. The war between Russia and Ukraine hit fertilizer and grain prices, among others, and increased the prices of commodities back home. And the US Federal Reserve’s move to hike interest rate severely hit our capacity to borrow and repay debt in the international market.”
The investment summit seeks to woo foreign investors to take advantage of opportunities created in the various sectors of the Ghanaian economy in a road up to a total economic recovery.
According to Dr. Bawumia, the government is balancing sound fiscal management with strategic public investments that unlock growth.
“The private sector is the engine of growth, and we are only here to support you. Our government is acting as your facilitator. We will unlock bottlenecks and prioritize limited resources to strategic sectors and projects. We think this is an exciting time to be part of Ghana’s economic growth,” he said in his keynote address.
“We are organizing this Investment and Opportunities Summit exactly in that context. First, we want to show that Ghana is back on track and that strong opportunities exist for profitable private investments in key sectors. “
“Ghana is home to one of West Africa’s most prominent and efficient ports, Tema, on the eastern serves as a feedstock to the landlocked ECOWAS countries. There is also the Takoradi port on the western coast, which serves the logistics, oil and gas, and allied industries. Takoradi is undergoing a significant transformation and requires significant investment to help decongest Tema and establish a commercial case for more vessels berthing there,” he added.
Dr Bawumia cited the Brownfield, Greenfield, and Public Private Partnerships as tangible and bankable projects championed by the private sector in Ghana and abroad.
Credit: Presidency.gov.gh
The University of Ghana Medical Centre (UGMC) has disputed claims made on social media by comedian Michael Blackson concerning the treatment given to his late mother, saying a review found that the allegations did not accurately reflect what happened during her stay at the hospital.
In a statement issued in Accra on August 5, 2026, the management of UGMC expressed condolences to Mr. Blackson and his family over the death of his 83-year-old mother, who died at the facility on July 16, 2026.
The hospital said it had taken the concerns raised by Mr. Blackson seriously and conducted a thorough review in line with its clinical and administrative procedures.
According to the statement, the facts presented by Mr. Blackson on social media contained “numerous inaccuracies” and did not accurately reflect the medical care provided to his mother.
UGMC explained that she was referred to the facility from another hospital and received treatment there from May 27 to July 16, 2026, a period of about eight weeks.
The hospital stated that it would not release details of her diagnosis, treatment, medical records or other aspects of her care because it had a duty to protect patient confidentiality, even after death.
It said the decision was intended to respect the dignity of the deceased and the privacy of her family.
UGMC further stated that all clinical decisions at the facility are made by qualified healthcare professionals based on medical judgment, established standards of care and the best interests of the patient.
The statement added that such decisions are made in consultation with authorised family representatives where necessary and that billing and financial procedures are governed by institutional policies and are separate from clinical decision-making.
The hospital noted that it values feedback from patients and their families and considers both positive and negative comments important for improving the quality of care.
Mr. Blackson had earlier used social media to criticise the care his mother received at UGMC, prompting the hospital’s response.
By: Jacob Aggrey
The New Patriotic Party (NPP) has directed all aspirants campaigning in the Greater Accra Region to suspend their campaign activities on August 5 and 6 and instead mobilise supporters for the party’s planned “Democracy Under Attack” demonstration.
The directive was issued by the party’s National Steering Committee in a statement signed by the NPP General Secretary, Justin Kodua Frimpong, on Tuesday.
According to the statement, the decision forms part of efforts to ensure a strong turnout for the demonstration, which is scheduled for Thursday, August 6, 2026.
The party said the protest would begin at 5:00 a.m., with participants expected to gather at the Supreme Court in Accra.
It further directed Regional, Constituency and Polling Station Executives in Greater Accra to work closely to mobilise members and supporters for the event.
“The National Steering Committee is calling on all aspirants currently campaigning across the Greater Accra Region to temporarily suspend their campaign activities on the 5th and 6th of August and join in mobilising support for the upcoming demonstration,” the statement noted.
The NPP appealed to party members and supporters to remain peaceful, disciplined and orderly throughout the protest.
The demonstration forms part of the party’s response to concerns it has raised over issues relating to Ghana’s democratic governance and the justice system.
The NPP leadership expressed confidence that party members would cooperate fully to ensure a successful and peaceful event.
By: Jacob Aggrey
