By Ashiadey Dotse
Ghana’s Minister for Foreign Affairs, Samuel Okudzeto Ablakwa, has declared that the country’s economy has turned a positive corner, stressing that “macroeconomic stability has been restored and Ghana is no longer a bankrupt country.”
He made this statement on Wednesday, August 20, 2025, at the Yokohama Investment Forum in Tokyo, Japan, where he addressed Japanese investors and business leaders.
According to the Minister, Ghana’s economic progress is a result of the “visionary leadership” of President John Dramani Mahama since assuming office in January 2025. He noted that Ghana’s currency is now regarded as one of the best-performing in the world, while sovereign rating agencies have begun upgrading the country from junk status.
Mr Ablakwa explained that President Mahama has directed the Foreign Ministry to prioritize economic diplomacy to attract investment and improve the lives of citizens. In line with this, Ghana will, from September 1, introduce performance indicators for all ambassadors and diplomats, focusing on investment and economic growth.
He assured investors that Ghana remains a safe and profitable destination for business, adding that the country respects all international agreements. Japanese companies such as Toyota, Honda, and Suzuki, he said, are already thriving and expanding in Ghana, creating jobs for locals.
The Minister further emphasized that investing in Ghana offers access not only to a stable democracy of 33 million people but also to the African Continental Free Trade Area, which provides a market of 1.3 billion Africans.
“We are determined to ensure that your investment is protected and yields good returns. Under President Mahama, choosing Ghana will be the best decision you ever make,” Mr Ablakwa assured.
He praised the Japanese government for its continuous support through infrastructure and social projects, including the Volta River Bridge, the Tamale Electricity Expansion, and the Commercial Ring Road project.
Mr Ablakwa expressed optimism that Ghana–Japan relations will grow stronger, with more trade and investment flowing between the two countries in the years ahead.
