In a significant move to deepen foreign investment in Ghana, the Finance Minister, Dr. Cassiel Ato Forson, met with representatives from British International Investment (BII) to explore strategic opportunities, particularly in agribusiness and the financial sector.
The meeting highlighted Ghana’s evolving investment landscape, with a focus on leveraging private capital for economic growth. “Ghana is open for business, and we welcome partners ready to grow with us,” Dr. Forson emphasized.
A major focus of the discussion was Ghana’s upcoming Palm Industry Policy, aimed at diversifying the nation’s agricultural base beyond cocoa. The government plans to develop 50,000 hectares of oil palm, with an initial $100 million investment for the first 20,000 hectares.
“Our goal is to attract private sector investment into large-scale agribusiness that creates jobs and boosts export earnings,” Dr. Forson stated.
The Finance Minister also extended an invitation to BII to support the repositioning and growth of Consolidated Bank Ghana (CBG), signaling a broader push to strengthen the banking sector.
BII, which currently holds over $200 million in investments in Ghana—particularly in the energy sector—responded positively, reaffirming their long-term commitment to the country. “We see Ghana as a priority market in the region,” BII representatives noted.
In a promising development, BII is considering bringing its full Board to Ghana for the first time in nearly a decade, signaling renewed interest at the highest level. The institution also expressed readiness to support small and medium-sized enterprises (SMEs), forestry, and other key sectors.
Dr. Forson concluded, “We are creating the right environment for investors who are committed to sustainable growth and shared prosperity.”
ALSO READ: