President of the Dangote Group and Africa’s richest man, Aliko Dangote, has credited President John Dramani Mahama’s leadership with restoring investor confidence in Ghana and contributing to the country’s economic turnaround.
Speaking at the Accra Reset, hosted by President Mahama on the sidelines of the United Nations General Assembly on Monday, September 21, Dangote said the improvement in Ghana’s economic fortunes demonstrated the critical role investor confidence plays in driving economic recovery.
According to the business magnate, President Mahama’s approach to governance has reassured investors and helped rebuild trust in Ghana’s economy.
Dangote said the turnaround was not the result of extraordinary or “magical” measures, but rather the outcome of making what he described as the right decisions to restore confidence.
“He didn’t do any magic. He’s not a magician, but he did the right things, and people really have a lot of trust in him. And that’s why Ghana’s economy turned around,” Dangote said.
He added: “This has actually shown that money follows trust.”
Dangote’s comments highlight the relationship between confidence in a country’s leadership and the movement of investment capital.
He argued that when investors have confidence in the direction of an economy and trust the leadership managing it, capital is more likely to flow into the country, supporting economic activity and recovery.
The remarks were made during the Accra Reset, an engagement focused on Ghana’s economic transformation and efforts to strengthen investor confidence.
Dangote’s assessment comes as the Mahama administration continues to position investor confidence and economic stability as key components of Ghana’s recovery agenda.
For Dangote, Ghana’s experience provides a broader lesson for African economies: restoring trust and confidence can be just as important as the specific economic policies introduced by governments.
