Ghana at a Crossroads: Building on Economic Gains for Shared Prosperity

Story by Fada Amakye

Ghana’s path to sustainable economic transformation is taking shape, with key pillars of macroeconomic stability, institutional reform, and social progress aligning. The past year has seen notable progress in restoring economic predictability, with stability in the cedi, improved inflation management, and prudent debt management. Institutional reforms, such as the commitment control rule and strengthened oversight of natural resources, are also yielding results.

However, challenges remain. Youth unemployment is a pressing issue, and the high cost of credit suffocates domestic businesses. Communal violence threatens peace and cohesion. To unlock potential, Ghana must channel stability into job-creating sectors like agribusiness, light manufacturing, and digital services.

The government must accelerate major initiatives like the 24-hour economy, infrastructure plans, and industrialization. With fundamentals in place, it’s time to turn momentum into jobs, investment, and economic gains. Ghana’s foundations are strong; now it’s time to build boldly, inclusively, and with commitment to citizen wellbeing.

Alhaji Seidu Agongo, a businessman and philanthropist, emphasizes the need to guard progress, deepen reforms, and translate stability into opportunity.

The task ahead is clear: build on the foundation laid and ensure prosperity is shared by all.