President John Dramani Mahama announced Ghana is accelerating major infrastructure investments. The country plans to spend an estimated GHS 43 billion over five years. This initiative is part of the Big Push Infrastructure Programme. Mahama spoke at the Ghana-UK Investment Summit in London on June 1, 2026. He aimed to attract international investors.
The programme focuses on transforming Ghana's economy. It aims to strengthen the country's position as a regional trade hub. Infrastructure is seen as crucial for this transformation. The GHS 43 billion will fund roads, railways, and ports. It also covers housing, transport corridors, and aviation. These projects are vital for economic growth and connectivity.
This investment drive fits Ghana's broader economic strategy. The nation seeks to boost competitiveness. Ghana's recent economic performance has shown mixed results. However, infrastructure development is a consistent policy goal. Prior efforts have aimed to upgrade key transport links. Examples include the Eastern and Western Corridors. The Accra-Kumasi Expressway is also being modernized.
President Mahama emphasised Ghana's competitive advantages. He stated that the people are the strongest asset. Ghana has a young, ambitious, and entrepreneurial population. The country operates within a stable democratic system. The legal system is predictable, based on English common law. The judiciary is independent. Peaceful power transitions are the norm. These factors build investor confidence.
The government is implementing reforms to improve the business environment. Digitisation of public services is underway. Regulatory efficiency is a key focus. Business registration processes are being simplified. Investment protection measures are also being enhanced. The recently passed Ghana Investment Promotion Authority Act is one such reform. It removes minimum capital requirements in many sectors. This makes Ghana more open and competitive.
Ghana aims to become Africa's preferred trade gateway. Modernising ports and logistics is part of this plan. The country also plans to expand airport infrastructure. A new national airline is being considered. This will improve connectivity for trade and tourism. Direct flights to major markets like the UK are a priority. The programme signals a commitment to substantial public and private sector engagement.
The implications of this investment are significant. Improved infrastructure can lower business costs. This can attract more foreign direct investment. It can also boost domestic economic activity. Exporters will benefit from better logistics. Tourism is also expected to grow. The success of the Big Push programme will depend on effective implementation and continued commitment to good governance. Ghana's ability to attract and retain investment will be key.