By Ashiadey Dotse
President John Dramani Mahama has reaffirmed his government’s commitment to lowering interest rates and reducing the cost of doing business, saying the measures are central to creating an environment where businesses can grow, create jobs and drive Ghana’s economic development.
Speaking during a meeting with the Kwahu Business Advocacy Group at the Jubilee House in Accra on Wednesday, July 8, 2026, President Mahama said the government’s Reset Agenda is focused on restoring macroeconomic and currency stability, rebuilding investor confidence, improving infrastructure, strengthening state institutions and removing unnecessary barriers that make it expensive for businesses to operate.
He said government is determined to create a stable business environment that will encourage investment, expand production and generate decent employment opportunities, particularly for the growing number of young people entering the job market each year.
According to the President, significant progress has been made in stabilising the economy since his administration assumed office one and a half years ago.
He noted that businesses cannot thrive in an uncertain economic environment, stressing that stable exchange rates are essential for effective planning and investment.
“If the value of the currency changes sharply within a short period, businesses cannot plan effectively, and that discourages investment,” he said.
President Mahama added that predictability, consistency and trust remain the guiding principles of his government’s economic management.
He praised the entrepreneurial spirit of the people of Kwahu, describing the area as one of Ghana’s strongest indigenous centres of entrepreneurship with contributions spanning commerce, manufacturing, agriculture, transport, construction, hospitality and finance.
The President said government aims to support businesses in Kwahu to grow from successful local enterprises into nationally competitive and internationally recognised companies.
He also identified infrastructure as one of the biggest challenges facing businesses, stressing that reliable roads, affordable electricity, water supply, digital connectivity and efficient logistics are critical to economic competitiveness.
President Mahama noted that major road rehabilitation projects are currently underway across the country under the Big Push Programme, following years of deterioration in the road sector.
He assured the business community that his administration would continue to implement policies that strengthen the private sector, improve the investment climate and promote sustainable economic growth.
