By Prince Antwi
Presidential Advisor on the 24-Hour Economy, Goosie Tanoh, has projected that Ghana鈥檚 flagship 24-Hour Economy policy will attract approximately $4 billion in private sector investment in the coming years, driving industrial growth and boosting the country鈥檚 global competitiveness.
Speaking ahead of the official launch of the initiative on Monday, June 30, 2025, Tanoh highlighted the policy鈥檚 strategic focus on long-term economic transformation, job creation, and enhanced export performance.
鈥淭he total investment needed is about $4 billion times ten 鈥 that鈥檚 GH垄400 billion. We expect the majority of this to come from the private sector,鈥 he stated.
Tanoh emphasized that the initiative is designed to tackle key barriers to doing business in Ghana, citing investor concerns over inconsistent incentive structures, high operational costs, and corruption. He noted that some businesses have relocated to C么te d鈥橧voire due to more favorable conditions 鈥 a trend the policy aims to reverse.
鈥淚nvestors have consistently raised concerns about Ghana鈥檚 unpredictable incentive regimes, costly operations, and informal payments. C么te d鈥橧voire has become more attractive in comparison. This policy is about turning that around,鈥 he said.
The 24-Hour Economy will be built on three foundational pillars: a transparent and performance-based incentive framework, improved infrastructure, and secure access to industrial land free of litigation and ownership disputes.
鈥淥ur approach is to establish a clear, consistent, and practical incentive system with minimal discretionary power 鈥 that鈥檚 how we reduce corruption. We are also creating ecological corridors to guarantee that both local and foreign investors can access land without legal complications.鈥 Tanoh explained.