The Chief Executive Officer of the Ghana Investment Promotion Centre (GIPC), Simon Madjie, has affirmed that Ghana’s economy is now on a stronger footing.

According to him, the stabilisation of the economy has renewed investor confidence in the country.

He noted that total Foreign Direct Investment (FDI) reached $2.6 billion across 253 new and existing projects in 2025.

Madjie explained that new investment projects accounted for the majority of these inflows, complemented by significant capital injections into petroleum and free zones enterprises.

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He said these figures reflect the expansion of industrial activities, value chains, technology adoption, skills transfer, and tangible improvements in the lives of Ghanaians.

“The theme for today’s forum, ‘Building Confidence in Ghana’s Business Climate: Taxation, Forex and Investment Outlook,’ goes to the very heart of investment decision-making. These are the signals investors pay close attention to. They determine not only where capital flows, but where it stays, grows, and transforms economies. Let me begin with a clear and confident message: Ghana is open for business—more today than at any other point in our history,” the GIPC CEO stated.

He added, “This is not a slogan. It is a reflection of deliberate policy choices and measurable progress. Our economy is stabilising, and confidence is returning. GDP growth has rebounded from 2.9% in 2023 to 5.7% in 2024, and reached approximately 6% by the end of 2025. Inflation, which posed a significant challenge, has dropped sharply from 22% in 2024 to 3.3% today. These gains are underpinned by disciplined fiscal consolidation and a stable macroeconomic framework. As many of you are aware, our IMF programme, initiated in 2023, remains firmly on track.”

On taxation, Madjie highlighted the government’s decision to scrap several levies, including the E-Levy, COVID-19 levy, betting tax, emission levy, and banking tax, to ease the burden on businesses.

Touching on foreign exchange, he noted that investors are encouraged by the stability of the cedi, which allows them to operate with greater certainty.

In support of this view, the General Manager of Mövenpick Ambassador Hotel Accra, Isaac Okpoti Adjei, remarked that confidence is the currency that drives investment and fuels growth in every economy.

He added that transparency, coupled with stability, will position Ghana as a preferred destination for business.