President John Dramani Mahama has outlined plans for an annual investment of $2 billion over four years under the government’s proposed $10 billion New Economy Programme to boost industrialisation, increase production and create jobs.
The initiative is also aimed at positioning Ghana as a major manufacturing and logistics hub in West Africa.
President Mahama said half of the planned investment would go into agriculture and agro-processing, with the remaining funds directed towards industry and infrastructure to link producers to markets.
The programme is expected to strengthen domestic production, expand employment opportunities, and advance Ghana’s ambition of becoming a regional industrial centre.
The President announced the plan on Thursday, October 15, 2026, during a sod-cutting ceremony to mark the start of construction of the Afienya Industrial Park.
The proposed park is expected to expand Ghana’s industrial capacity, attract local and foreign investment, and create jobs.
President Mahama explained that the project was intended to respond to increasing investor interest in Ghana, alongside limited space at the Tema Export Processing Zone to accommodate new businesses.
Minister for Trade, Agribusiness and Industry, Elizabeth Ofosu-Adjare, who also chairs the Board of the Ghana Free Zones Authority, stressed the importance of securing land without legal disputes to facilitate industrial development.
Drawing on her 22 years of experience at the Bar, she acknowledged the cooperation of traditional authorities and local communities, emphasising that access to undisputed land was essential for businesses seeking to establish factories and expand their operations.
She noted that resolving land disputes before projects begin would help businesses avoid costly delays and create a more conducive environment for industrial investment.
Also read:
