The First Deputy Governor of the Bank of Ghana, Dr. Zakari Mumuni, has called for stronger institutional partnerships, effective risk-sharing mechanisms and better-prepared investment projects to unlock increased Asian investment in West Africa.
Speaking at the High-Level West Africa-Asia Capital Dialogue in Bangkok, Thailand, held on the sidelines of the IMF-World Bank Annual Meetings, Dr. Mumuni underscored the need for collaborative efforts to attract long-term capital and accelerate economic transformation across the region.
He highlighted Ghana’s ongoing macroeconomic stabilisation efforts, stressing that policy predictability, strong institutions and appropriate financing structures remain critical factors in building investor confidence and attracting sustainable investments.
According to the Deputy Governor, Ghana and the wider West African region offer significant investment opportunities across key sectors, including agro-processing, manufacturing, energy, transport and logistics, digital services and financial technology.
Dr. Mumuni also pointed to the African Continental Free Trade Area (AfCFTA) as a major catalyst for regional trade and investment, noting that the agreement presents enormous potential to drive industrialisation and economic growth across the continent.
He urged African countries to focus on making investment opportunities more bankable and attractive to private capital while encouraging development partners and investors to objectively assess emerging opportunities in the region.
“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,” he stated.
Dr. Mumuni further called on stakeholders to move beyond discussions and commitments, emphasizing the need to translate dialogue into tangible investments, business expansion and long-term partnerships that deliver mutual benefits for both Africa and Asia.
The dialogue brought together policymakers, investors, development finance institutions and business leaders to explore strategies for deepening economic ties and mobilising capital for sustainable development in West Africa.
His remarks form part of broader efforts by Ghana to position itself as a preferred destination for investment and to strengthen economic cooperation between Africa and Asia through trade, finance and industrial development.