Investors are Waiting for a Change in Government to Start Investing in Ghana again – Mahama

Flagbearer of the National Democratic Congress (NDC), John Dramani Mahama has said that both local and foreign investors have halted their investment activities until there is a change in government.

He said this was confided in him by investors with whom he had personally interacted.

According to the former president, investors, who play a key role in building Ghana’s financial sector, have decided to put their investment plans on hold as the current corruption-induced economic turbulence in the country is unfavorable for them.

Speaking at the launch of the party’s 2024 manifesto in Winneba on Saturday, August 24, Mahama said, Many domestic and foreign investors have adopted a wait-and-see attitude.

“Many investors I have met told me they are waiting for a signal from the Ghanaian people that the political and business environment is going to change,” he said.

Ghana, under the current Akufo-Addo/Bawumia administration, has become heavily indebted due to excessive borrowing, with little to show for it. Ghanaians have also expressed their dissatisfaction with the haircut on investments, echoing the urgent need for a change in the status quo.