Nana Oye Bampoe-Addo
The Deputy Chief of Staff (Administration), Nana Oye Bampoe Addo, says the country’s ongoing economic stabilisation is restoring confidence among businesses and investors, creating fresh opportunities for small and medium-sized enterprises (SMEs) to plan, expand and create jobs.
Speaking at the 2026 annual appreciation dinner organised by Yadaba Communications in Accra, Ms Bampoe Addo said early signs of macroeconomic improvement under the current administration were helping to reset the business environment after a prolonged period of economic strain.
She pointed to easing inflationary pressures as a key indicator of progress, noting that inflation declined sharply to 5.4 percent in December 2025 from a peak of 54.1 per cent in 2022.
She also cited improving fiscal discipline and rising public confidence as evidence that conditions were gradually becoming more supportive for enterprise growth.
According to her, these improvements are essential for businesses that depend on predictability to make long-term investment decisions.
“Economic stability fosters trust. It reassures businesses that planning, expansion and job creation are once again possible, and it strengthens the partnership between the public and private sectors as co-drivers of growth,” she said.
Ms. Bampoe Addo described SMEs as the backbone of Ghana’s economy, accounting for more than 80 percent of private sector employment.
However, she observed that many local firms struggle not because of weak ideas or limited capacity, but due to restricted access to opportunity.
“Access to trust, visibility and scope remains a decisive constraint for many Ghanaian businesses,” she said, stressing that enabling SME growth goes beyond financing to include fair access to markets, partnerships and platforms.
She also highlighted the growing importance of the communications, media and digital sector, describing strategic communication as an enabling economic infrastructure rather than a peripheral service.
She said government investments in digital infrastructure, skills development and support for technology-enabled enterprises were aimed at strengthening the nation’s digital economy and creative ecosystem.
“The government, particularly through the Ministry of Communications, Digital and Technological Innovations, has rolled out initiatives that directly support the growth of such firms because we recognise that communication relies on infrastructure,” she said.
Ms. Bampoe Addo encouraged businesses such as Yadaba Communications to innovate responsibly, adopt emerging technologies and pursue partnerships that align public and private interests.
She also challenged corporate and institutional clients to deepen their engagement with local firms by expanding the scope of work entrusted to them.
Earlier, the Board Chairman of Yadaba Communications, Kenneth Kwamina Thompson, reflected on the firm’s growth from a modest operation into a broader stakeholder platform.
He noted that the annual appreciation dinner had grown from a small gathering in 2023 into an event attracting about 150 participants, reflecting the expanding reach of the company’s relationships.
Mr, Thompson urged businesses to remain customer-focused, attentive to detail and disciplined in their use of technology, stressing that professionalism and consistency are essential in a competitive environment. “Growth has to be earned,” he said.
The event also featured the launch of Nvame, a general consultancy and business development firm.
Its Chief Executive Officer, Marcia Kafui Akutor, said Nvame aims to improve the documentation and telling of African and Ghanaian stories, particularly in business, policy and public life, to ensure they are structured, credible and locally grounded.
A Business Desk Report