Ghana–EU Ties Must Drive Africa’s Industrialisation – President Mahama

President John Dramani Mahama has called for a redefined partnership between Ghana and the European Union, urging a shift from traditional development aid to a stronger focus on trade, investment, industrialisation, and shared economic growth.

Speaking at the opening of the 2026 Ghana–EU Partnership Dialogue in Accra, the President said global challenges such as geopolitical tensions, economic uncertainty, climate change, and emerging security threats make stronger international cooperation essential.

He noted that the Ghana–EU relationship has matured into a strategic partnership built on shared democratic values, mutual respect, and common interests. However, he stressed the need to elevate this cooperation to drive industrial growth, technology transfer, innovation, and job creation.

President Mahama highlighted signs of economic recovery in Ghana, including declining inflation, improved foreign exchange reserves, and renewed investor confidence. He credited ongoing reforms aimed at restoring macroeconomic stability while acknowledging the sacrifices of citizens.

He added that the next phase of national development will focus on converting macroeconomic gains into tangible improvements in livelihoods through productivity and employment creation.

Central to this agenda are flagship programmes such as the 24-Hour Economy Initiative and the Accelerated Export Development Programme, which aim to expand production across agriculture, manufacturing, logistics, transport, tourism, and digital services.

The President invited European investors to explore opportunities in Ghana, describing the country as a strategic gateway to the African Continental Free Trade Area market, which serves over 1.4 billion people.

Marking 10 years of the Ghana–EU Economic Partnership Agreement, he urged a stronger emphasis on local manufacturing, skills development, and value addition, rather than the export of raw materials. He emphasized the need for Ghana and Africa to process more of their natural resources locally to create jobs and retain value.

On digital transformation, the President said Ghana is positioning itself as a leading digital hub in Africa, and is seeking deeper cooperation with the EU in areas such as artificial intelligence, cybersecurity, digital infrastructure, innovation, and startup development.

He also highlighted climate action and renewable energy as key priorities, stressing the need to balance environmental sustainability with economic growth.

In the cocoa sector, he announced plans for a new Cocoa Bill that would guarantee farmers 70% of the world market price. He also revealed government plans to process at least 50% of Ghana’s cocoa locally to boost employment and value addition.

On regional security, President Mahama expressed concern about instability in the Sahel, stressing that security and development are closely linked. He reaffirmed Ghana’s commitment to working with international partners to address both security threats and their root causes, including unemployment and poverty.

He further reiterated Ghana’s commitment to democratic governance and accountability, noting that Cabinet is finalising the government’s position on constitutional reforms while Parliament considers the Conduct of Public Officers Bill.

On migration, he called for expanded legal migration pathways and stronger skills partnerships, stating that well-managed migration can contribute positively to development.

President Mahama concluded by urging both Ghana and the European Union to build a modern partnership anchored on investment, innovation, and shared prosperity rather than aid dependency.