Ghana’s business environment is at an inflection point as the private sector takes on a bigger role, PwC Ghana Country Senior Partner Vish Ashiagbor said at a UK-Ghana investment summit.
Ashiagbor was speaking to journalists at the welcome reception of the UK-Ghana Trade & Investment Summit 2026, a three-day event organised by the UK-Ghana Chamber of Commerce (UKGCC). PwC was the lead sponsor of the reception. He argued that the slowdown some firms feel reflects a transition, as activity moves away from reliance on government-led business.
“Things may appear slow, but that is because we are at an inflection point,” he said.
He said companies were rethinking their internal processes, building new business relationships and strengthening existing ones, and looking for new markets as the economy changes. He described the move towards a more private-sector-led economy as a positive development.
His reading of monetary policy has since proved correct. Before the Bank of Ghana’s Monetary Policy Committee met, Ashiagbor said he expected the policy rate to stay unchanged. He pointed to recent remarks by the Governor and a slight rise in inflation as signs that the central bank saw risks that called for caution. On 24 September, the committee kept the rate at 14 per cent.
The data he referred to show inflation rising modestly from a low base. Annual inflation rose to 5.0 per cent in August from 4.6 per cent in July, according to the Ghana Statistical Service. Services inflation stood at 8.6 per cent, more than double the rate for goods, while food inflation eased to 3.0 per cent.
UKGCC Executive Director Adjoba Kyiamah said the summit aimed to move UK-Ghana ties beyond talks between governments towards concrete investment. She said a strong growth partnership had to create commercial value in both directions, bringing UK investment into Ghana while helping competitive Ghanaian firms use the United Kingdom as a launchpad for expansion abroad.
The summit, which ended on 25 September, included a deal room for investment-ready Ghanaian projects and sessions with the Association of Ghana Industries.
