Accra, Ghana – President of the Republic of Ghana, H.E. John Dramani Mahama, has emphasized that Ghana’s transformation cannot be achieved by government efforts alone.
He underscored the critical role of the private sector in driving sustainable economic growth and development.
Speaking at the opening ceremony of the 2025 Ghana-European Union Partnership Dialogue held at the Ministry of Foreign Affairs on Tuesday, July 17, 2025, President Mahama expressed gratitude to the European Union (EU) for its consistent support towards Ghana’s development agenda.
“We appreciate the EU’s ongoing support in public financial management, domestic revenue reform efforts and anti-corruption. All these are essential pillars for sustainable growth,” he said.
The 2025 Ghana-EU Business Forum, part of this year’s dialogue, is focused on deepening collaboration between Ghana and the EU in key areas such as agribusiness, pharmaceuticals and health, and energy.
The forum brings together policymakers, investors, and private sector players to explore strategic investment opportunities and enhance long-term partnerships.
Addressing the gathering, President Mahama made it clear that for Ghana to succeed in its transformational journey, private sector involvement must be at the core of national development strategies.
“On private sector investments and promotion, we are acutely aware that the Government alone cannot lead Ghana’s transformation. A thriving private sector is indispensable in this effort,” he stated.
To improve the business climate, the President revealed that his administration is rolling out key reforms to eliminate regulatory bottlenecks and boost private sector participation.
“To that end, we are implementing a unified licensing regime to reduce the regulatory bottlenecks and a nationally structured public-private dialogue framework to ensure that business voices are systematically incorporated into all national policy,” he noted.
President Mahama also highlighted new measures aimed at promoting investor confidence and ensuring evidence-based policy implementation.
“Additionally, introducing a Regulatory Impact Assessment (RIA) regime marks a new phase in policymaking, anchoring decisions in data, ensuring predictability and improving Ghana’s competitiveness in the global market. We therefore welcome EU businesses and investors to participate in this transformative journey, especially as we revise the Ghana Investment Promotion Centre Act to promote joint ventures and deeper technology transfer,” he said.
He concluded by reaffirming Ghana’s vision of becoming a regional hub for innovation and value addition, and called on the EU to partner with Ghana in realizing that ambition.
“Ghana aims to become a regional hub for sustainable agribusiness, value addition, manufacturing and digital innovation, where European expertise and capital are invaluable,” President Mahama stated.
Story by: Emmanuel Romeo Tetteh(#RomeoWrites
) / Ahotoronline.com | Ghana 
