Invest in start-ups and explore mergers - President Mahama urges Ghanaian businesses
John Dramani Mahama urged Ghanaian businesses to actively support start-ups and consider mergers and takeovers as strategies for economic growth on Saturday, April 4, at the Kwahu Business Forum 2026. He stressed that businesses that fail to evolve remain "constant start-ups," unable to scale due to limitations in managerial competence or access to finance. He encouraged larger companies to identify promising start-ups, invest in them, and guide them to the next level.
President Mahama highlighted that banks are more willing to provide credit for businesses supported by established companies, creating opportunities to overcome financial constraints faced by small enterprises. He suggested that start-up founders could retain a small equity stake while larger companies provide the managerial expertise and investment necessary to scale operations. He also encouraged mergers and acquisitions as a method for expanding business capacity.
President Mahama noted that outside Ghana, specialised investors often take start-ups with high potential, grow them, and then sell them to larger companies, reinvesting profits into new ventures. He explained, "That is how it's done outside. There are actually people who are experts in start-ups. They take a business, grow it, and then look for a big company to take it over. The founder takes the money, invests, and starts another business."
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President Mahama has urged Ghanaian businesses to invest in start-ups and explore mergers. He believes this will help start-ups overcome financial constraints - but what other benefits could arise?
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