Audio By Carbonatix
President John Dramani Mahama has made a direct appeal to British businesses, urging them to capitalise on Ghana’s robust political stability and strategic position by establishing the country as their manufacturing and processing hub for the entire African continent.
The appeal came on Friday, September 19, during a diplomatic engagement in Accra where President Mahama officially welcomed the new British High Commissioner to Ghana, Christian Rogg.
The President’s core message centered on leveraging the newly operationalized African Continental Free Trade Area (AfCFTA), which creates a single market of 1.4 billion people and a combined GDP of approximately $3.4 trillion.
President Mahama highlighted Ghana’s advantage as the host nation for the AfCFTA Secretariat and its long history of strong, democratic governance, which provides a predictable and secure environment for Foreign Direct Investment (FDI).
“We are encouraging more UK companies — there are already so many of them — but we are encouraging more to come and set up in Ghana, using Ghana as a hub and as a gateway to take advantage of the AfCFTA,” the President stated.
The President emphasized the monumental trade benefits now available under the continental agreement. “Because now, we are able to export duty-free, tariff-free into each other’s markets. So Ghana is positioning itself as the hub for manufacturing and processing into the other markets,” he explained.
The UK is already one of the largest foreign investors in Ghana, with data from the Ghana Investment Promotion Centre (GIPC) showing that over 200 UK-affiliated companies operate across sectors like mining, finance, telecommunications, and manufacturing. These companies contribute significantly to Ghana’s economy, employing tens of thousands of people.
In 2024 alone, bilateral trade between Ghana and the UK surpassed £1.5 billion ($1.85 billion), driven primarily by commodities and technology.
President Mahama's administration aims to significantly increase this figure by attracting UK manufacturing plants that can produce goods locally in Ghana and then export them across the continent, taking full advantage of the 90% tariff reduction offered by AfCFTA on qualifying goods.
The call signals a strategic focus on shifting Ghana’s economic base toward industrialization and value addition.
The meeting concluded with both President Mahama and High Commissioner Rogg affirming their commitment to strengthening the deep economic and diplomatic ties between the two nations, setting the stage for increased British commercial engagement in the West African economic powerhouse.
Latest Stories
-
“Spider-Man of Yemen” dies after falling into volcanic crater during climb
8 minutes -
Deputy EC Chair Dr Bossman Asare to resign effective July 31
11 minutes -
Samuel Tettey retires as EC Deputy Commissioner; replacement process underway
27 minutes -
Processes underway to replace Sophia Akuffo on Council of State – Government
31 minutes -
Russian strikes kill 11 and set historic cathedral in Kyiv ablaze
34 minutes -
Mahama accepts Sophia Akuffo’s resignation; replacement process underway – Gov’t
39 minutes -
Motorcyclist killed in multi-vehicle crash on Cape Coast–Takoradi Highway
53 minutes -
Canada visa denial for Thomas Partey exposes legal fractures of multi-host FIFA World Cup
55 minutes -
FIFA seeks explanation over VAR official’s hand gesture
1 hour -
US and Iran agree to pause hostilities but key questions remain
1 hour -
Mahama receives ambassadors from Russia, Poland, Indonesia and five other countries
1 hour -
Legal Green Association backs transitional directives under new Legal Education Act
1 hour -
Mahama urges stronger Ghana-Russia relations as new Ambassador presents credentials
1 hour -
President Mahama welcomes Russian envoy to Ghana, calls for stronger Ghana–Russia cooperation
1 hour -
Elevate Africa opens applications for Threads of Africa 2026 to revive endangered textiles through fashion film
1 hour