Ghana’s private sector has been urged to take a leading role in driving the country’s economic recovery, as business leaders warn that improving macroeconomic indicators alone will not be enough to secure long-term growth.
Speaking at the launch of the 10th Ghana Chief Executive Officer (CEO) Summit in Accra, Executive Chairman of the McDan Group, Daniel McKorley, said the country was at a critical stage in its economic trajectory and required decisive leadership from corporate Ghana.
He cautioned that while there are signs of recovery, the global outlook remains uncertain and businesses must brace for more challenging conditions. “The world is not going to be any sweeter or better. Things are going to be tough and tougher,” he said, adding that the pace of global change demands urgency and adaptability.
Mr McKorley described Ghana as one of West Africa’s most attractive investment destinations, pointing to its population of over 30 million people, a growing middle class, and access to the continental market under the African Continental Free Trade Area. However, he stressed that these advantages would only translate into real gains if matched by bold execution, particularly in industrialisation and value addition.
He noted that although key economic indicators are showing signs of improvement, the benefits must extend beyond headline figures to impact businesses and households at the micro level. According to him, Ghana must move from policy discussions to tangible outcomes that drive production and job creation.
Other speakers at the event echoed the call for action. Country Partner at EY Ghana, Emmanuel Adekhalor, highlighted Ghana’s 5.9 per cent GDP growth in 2025 and easing inflation as signs of stabilisation, but warned that such progress remains fragile and must be sustained through deliberate reforms.
Chief Executive of the Ghana CEO Summit, Ernest De-Graft Egyir, described the upcoming 2026 edition as a defining moment for the country’s economic direction. “After 10 years of dialogue, Ghana must now enter a decade of execution. We must move from policy formulation to implementation, from ambition to results,” he said.
The summit is scheduled for May 28, 2026, at the Kempinski Hotel Gold Coast City, and will bring together policymakers, industry leaders and investors to deliberate on strategies to accelerate economic transformation.
It will feature a presidential CEO dialogue and the unveiling of a CEO-Government Compact 2026, designed to align national policy with private sector priorities in areas such as industrialisation, investment and job creation.
With expectations rising, stakeholders say the focus must now shift from rhetoric to measurable outcomes if Ghana is to consolidate its recovery and position itself for sustained growth in a rapidly evolving global economy.
Source:
www.graphic.com.gh