Ghana's High Commissioner to the United Kingdom, Papa Owusu-Ankomah, had hosted a breakfast meeting in London for a section of Business and financial sector leaders with interests in Ghana.

In his opening remarks, Papa Owusu Ankomah did acknowledge the difficult times that Ghana presently finds itself.

However, he was quick to add, “The difficult times are what makes it even more important to call for your inputs and ideas as captains of industry to enable me to make recommendations to the relevant authorities in Accra."

During the open and frank discussions, Dr Theo Acheampong, an economist advised government to be prudent with its spending as Ghana prepares to go into the 2024 elections.

He said, “Spending in election years has always been the problem when it comes to fiscal policy in Ghana and 2024 must be an exception.”

The purpose of the meeting was to engage the business leaders in frank discussions about the Ghanaian economy and business environment and for solutions to be suggested to the appropriate authorities in Ghana.

Business and financial sector leaders present at the breakfast meeting included Peter Akwaboah, a Managing Director at Morgan Stanley; Lucy Quist, Managing Director also of Morgan Stanley; Hakim Abdul of UK Investment Bank, Citibank; Theo Acheampong, a UK-based Ghanaian Economist and Madhan Srinivasan, Managing Director of Tullow Oil PLC among other guests.

The Meeting is the first in the series of business breakfast meetings aimed at getting the High Commissioner to engage the UK business community on the way forward for the Ghanaian economy.