Trade Minister targets $12 billion investments for job creation

The Minister of Trade, Agribusiness and Industry, Elizabeth Ofosu‑Adjare, has revealed that government is working to convert about US$12 billion worth of planned and announced investments into real businesses that will create jobs, boost production, and support Ghana’s economic growth.

According to the Minister, the investments captured in the 2025 Annual Investment Report must not remain only on paper but be translated into tangible projects that strengthen the trade and industry sector.

She stressed that the initiative is aimed at making a meaningful difference in the lives of Ghanaians by helping businesses grow and expanding job opportunities across the country.

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Speaking at the launch of the 2025 Annual Investment Report on Sunday, August 23, 2026, Elizabeth Ofosu‑Adjare said attracting capital into the country is not enough if investments do not translate into stronger industries and businesses.

“Are they expanding our productive capacity, creating opportunities for Ghanaian enterprises, strengthening value chains and opening new markets for what we produce?” she asked.

Ghana recorded about US$2.6 billion in foreign direct investment (FDI) in 2025, covering more than 250 new and existing projects.

Some companies already operating in the country also reinvested to expand their operations.

The Minister emphasised that the next step is to convert investor confidence into robust businesses, higher production, stronger value chains, and steady economic growth.

She stressed agribusiness as a sector with significant potential, especially if more farm produce is processed locally.

Local processing, she explained, would help Ghana retain more value from its agricultural products while creating jobs in packaging, transport, storage, distribution, and exports.

She added that government is also focusing on textiles and garments, pharmaceuticals, vehicle manufacturing, and agro‑processing to drive industrial growth.

To support this, Ghana must improve its business environment by ensuring reliable infrastructure, access to finance, skilled labour, clear regulations, and responsive public institutions.

Ofosu‑Adjare noted that reforms such as the Ghana Investment Promotion Authority Bill and the Business Regulatory Reform Bill are expected to make business operations easier and more predictable.

“Investment should leave a visible economic footprint in Ghana through expanded production, stronger local enterprises, productive jobs and greater access to regional and international markets,” she said.

ANAS/SA

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