President Mahama urges businesses to invest in startups and mergers

Former President John Dramani Mahama has asked established Ghanaian businesses to invest in new companies. He also urged them to consider mergers and acquisitions. These actions, he said, could help Ghana's economy grow.

Speaking at the Kwahu Business Forum 2026, Mr. Mahama stated that companies that do not grow stay small. He noted that many startups face problems with management skills and getting money.

He encouraged big companies to find good startups. They should invest in these smaller firms and help them grow. He said banks are more likely to lend money to startups that have support from bigger, known companies. This helps new businesses get the money they need to expand.

Mr. Mahama also suggested that startup founders could keep a small share in their company. In return, larger companies would provide management skills and money for growth.

He also talked about mergers and acquisitions. These are ways for companies to combine or for one company to buy another. He described how in other countries, experts invest in promising startups. They help them grow and then sell them to bigger companies. The original founders then use the money to start new businesses. This process boosts innovation and business expansion.