Business News of Monday, 2 March 2026

Source: classfmonline.com

Stable economy boosts opportunities for business expansion - Trade Minister

Elizabeth Ofosu-Adjare is the Minister of Trade, Agribusiness and Industry Elizabeth Ofosu-Adjare is the Minister of Trade, Agribusiness and Industry

The Minister of Trade, Agribusiness and Industry, Ofosu-Adjare, has commended the government for what she describes as significant strides in restoring macroeconomic stability, saying the gains are creating a more predictable and business-friendly environment across the country.

Reacting to President John Dramani Mahama’s State of the Nation Address, the Minister praised the administration’s economic management, highlighting improvements in currency performance, price stability, and investor confidence.

According to her, the strengthening of the cedi and the gradual stabilisation of prices are providing much-needed relief to businesses that have struggled with volatility in recent years.

She noted that a more predictable macroeconomic climate allows companies to plan effectively, manage costs better, and expand operations with greater certainty.

Ofosu-Adjare expressed gratitude to the President for what she described as deliberate policies aimed at creating an enabling environment for enterprises to thrive.

She said improved fiscal discipline and strategic interventions in key sectors are beginning to yield positive outcomes for the private sector.

She emphasised that enhanced investor confidence is likely to attract both local and foreign investments, stimulate industrial growth, and boost productivity.

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This, she noted, could translate into increased job creation, expansion of small and medium-sized enterprises, and higher export earnings.

The minister further indicated that stability at the macroeconomic level strengthens Ghana’s competitiveness within the sub-region and positions the country as an attractive destination for trade and agribusiness development.

She reiterated the government’s commitment to sustaining the gains made, stressing that continued collaboration between the public and private sectors will be critical to consolidating growth and ensuring long-term economic resilience.

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