Business News / Investment
President John Dramani Mahama has invited Indian investors to explore opportunities in Ghana, particularly in pharmaceutical and vaccine manufacturing, as the government seeks to strengthen the country’s industrial and healthcare sectors.
President John Dramani Mahama has declared that Ghana is open for business, inviting Indian companies to take advantage of growing investment opportunities in the country, particularly in pharmaceutical and vaccine manufacturing.
The President made the call during a courtesy visit by India’s External Affairs Minister, Dr Subrahmanyam Jaishankar, at the Presidency in Accra.
President Mahama said Ghana’s economic fundamentals were improving and described the country as an increasingly attractive destination for international capital. He pointed to declining inflation and interest rates, as well as the relative stability of the Ghanaian cedi, as indicators of the country’s economic recovery.
According to President Mahama, Foreign Direct Investment into Ghana increased to US$2.6 billion in 2025, with projections indicating that the figure could surpass US$3 billion in 2026.
He said the government’s #ResettingGhana agenda and the “Accra Reset” initiative were aimed at creating a stronger economic environment while advancing Ghana’s efforts to achieve greater health sovereignty.
The President particularly highlighted the pharmaceutical and healthcare sectors, noting that Ghana’s new national pharmaceutical framework prioritises domestic production of medicines and vaccines.
He cited the partnership between Atlantic Life Sciences and indigenous pharmaceutical company KinaPharma as an example of efforts to build local vaccine manufacturing capacity.
President Mahama said the partnership formed part of Ghana’s broader strategy to reduce dependence on imported pharmaceutical products and strengthen domestic production. However, he noted that there was still significant room for further investment and expansion in the sector.
He encouraged Indian pharmaceutical companies and other investors to explore partnerships with Ghanaian businesses and take advantage of the opportunities available in the country.
The President also said Ghana would use international platforms, including the upcoming U.S.–Africa Summit, to engage potential investors and promote the country’s industrial and economic opportunities.
Dr Jaishankar’s visit forms part of efforts to deepen Ghana-India relations and strengthen cooperation in areas including trade, investment, healthcare and industrial development.
The visit follows Indian Prime Minister Narendra Modi’s historic state visit to Ghana in 2025, which further strengthened bilateral relations between the two countries.
President Mahama said the government would continue implementing policy reforms to create a more favourable environment for businesses and investors, while positioning Ghana as a potential hub for pharmaceutical manufacturing and other industries in Africa.
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