The First Deputy Governor of the Bank of Ghana (BoG), Dr Zakari Mumuni, has called for stronger institutional partnerships, effective risk-sharing arrangements and well-prepared investment projects to attract greater Asian investment into West Africa.
Delivering the keynote address at the High-Level West Africa–Asia Capital Dialogue in Bangkok, Dr Mumuni said policy predictability, credible institutions and appropriate financing structures were essential to attracting long-term investment.
The dialogue was held on the sidelines of the IMF-World Bank Annual Meetings.
Dr Mumuni highlighted Ghana’s macroeconomic stabilisation efforts and urged stakeholders to develop commercially viable investment opportunities that could deliver sustainable economic growth and shared benefits for Africa and Asia.
He identified agro-processing, manufacturing, energy, transport and logistics, digital services and financial technology as sectors offering significant investment opportunities in West Africa.
He also pointed to the African Continental Free Trade Area (AfCFTA) as an avenue for expanding regional trade, attracting investment and supporting economic transformation.
“Our responsibility in Africa is to make opportunities more investable. Our partners’ responsibility is to assess those opportunities objectively and work with us to develop commercially viable solutions,” Dr Mumuni said.
He stressed the need for stakeholders to move beyond dialogue and translate their commitments into tangible investments, sustainable business growth and enduring partnerships.
Dr Mumuni said stronger cooperation between African and Asian partners would help unlock investment opportunities and create shared value for both regions.
