Wednesday, 05 November

Ghana reaffirms commitment to transparent business climate at Ghana–Germany Business Roundtable

Business
Ghanaian officials at German Business Roundtable

The Chief Executive Officer of the Ghana Investment Promotion Centre (GIPC), Mr. Simon Madjie, has reaffirmed Ghana’s unwavering commitment to sustaining a transparent, predictable, and investor-friendly business environment.

Speaking at the Ghana–Germany Business Roundtable, held in Accra as part of the visit of the German President, H.E. Frank-Walter Steinmeier, Mr. Madjie said ongoing economic and regulatory reforms are strengthening investor confidence and improving the ease of doing business in Ghana.

He highlighted recent measures, including reforms to Ghana’s tax regime and the establishment of a Tax Appeal Board, as key steps toward promoting fairness, transparency, and accountability in the country’s investment climate.

“Ghana’s strong governance framework, political stability, and consistent economic recovery continue to make it one of Africa’s most attractive destinations for long-term investment,” Mr. Madjie said.

The Minister for Trade, Agribusiness and Industry, Madam Elizabeth Ofosu-Adjare, MP, lauded the enduring partnership between Ghana and Germany, describing it as a model for mutually beneficial cooperation.

She underscored the government’s continued focus on sustaining macroeconomic stability through flagship initiatives such as 24H+, Feed the Industry, and Rapid Industrialisation for Jobs, which are designed to boost productivity, enhance competitiveness, and create employment.

Leading the German delegation, Dr. Thomas Steffen, Secretary of State at Germany’s Federal Ministry for Economic Affairs and Energy, praised Ghana’s reputation as “a flagship of peace and stability” in the region.

He revealed that bilateral trade between Ghana and Germany has grown by 30 percent, reflecting deepening economic ties and strong potential for further expansion.

 

The roundtable brought together key policymakers, business leaders, and industry stakeholders from both countries to explore new opportunities in trade, manufacturing, renewable energy, and agribusiness, reinforcing Ghana’s role as a gateway for German investment in West Africa.

Source: Classfmonline.com/Cecil Mensah