Ga Mantse leads investment drive to support 24 Hour Economy
The Ga Mantse, Nii Tackie Teiko Tsuru II, has led a high-level investment delegation to Ghana, securing strategic partnerships aimed at supporting the government’s 24-Hour Economy agenda.
The delegation, which included business executives and investors from the United States and the United Kingdom, held discussions with government agencies and key industry players on investment opportunities in healthcare, energy, finance and cocoa processing.
A major highlight of the visit was a meeting at the Presidency, where President John Dramani Mahama received the delegation and reaffirmed his government’s commitment to creating a favourable environment for both local and international investors.
The President also reiterated his commitment to the 24-Hour Economy initiative, a flagship policy designed to boost industrial production, create jobs and increase economic productivity.
The engagements reflected a shared commitment between the President and the Ga Mantse to attract investments that can transform strategic sectors while creating sustainable employment opportunities.
One of the key outcomes of the mission was the signing of agreements for the construction of a 500-bed specialist children’s hospital and a 24-hour pharmacy at Korle Bu. Construction is expected to begin soon, with the project anticipated to improve healthcare infrastructure, expand access to quality medical services and create hundreds of direct and indirect jobs.
The delegation also visited several important state institutions to explore Ghana’s investment environment.
At the Ghana Cocoa Board (COCOBOD), the investors met Chief Executive Officer Dr Ransford ‘Randy’ Abbey, who briefed them on reforms aimed at revitalising the cocoa sector through domestic financing, increased local processing and greater value addition.
The delegation subsequently visited the Cocoa Processing Company (CPC) to assess opportunities for expanding Ghana’s chocolate and cocoa-processing industry. Increasing domestic processing is a key part of efforts to move away from exporting raw cocoa beans and instead generate more value, jobs and foreign exchange from finished products.
At the Tema Oil Refinery (TOR), discussions focused on Ghana’s energy sector, petroleum refining and potential investments to increase domestic fuel production and reduce reliance on imported refined petroleum products.
The investors also held discussions with officials of the Bank of Ghana, led by Governor Dr Johnson Pandit Kwesi Asiama. The meeting covered Ghana’s economic outlook, financial-sector stability and efforts to create a secure and attractive environment for international investors.
The mission demonstrates the potential role of traditional leadership in complementing government initiatives to attract foreign direct investment. Through his international networks, the Ga Mantse is seeking to promote Greater Accra and Ghana as attractive destinations for global investment.
It also highlights Ghana’s efforts to deepen collaboration with the diaspora and international business community as the country pursues President Mahama’s vision of a modern, industrialised economy driven by production, innovation and round-the-clock economic activity.
As implementation of the 24-Hour Economy progresses, partnerships involving traditional authorities, government and private investors are expected to create new opportunities in areas including healthcare, manufacturing, agriculture, energy and finance.
The planned Korle Bu hospital project and other emerging investment commitments represent early steps towards turning these international partnerships into tangible development projects for Ghana.
About The Author
