President John Dramani Mahama has announced that Ghana’s much-anticipated 24-hour Economy policy will officially be launched in July, with Republic Day identified as the likely date for unveiling the initiative.
Describing it as a defining step in Ghana’s economic transformation, the President said the policy aims to expand national productivity, deepen job creation, and optimise the use of infrastructure and human capital by promoting continuous economic activity across key sectors.
Speaking during a high-level consultative meeting at Jubilee House on Wednesday, President Mahama framed the 24-hour Economy as both an operational framework and a long-term vision. “This programme is not just a campaign promise. It’s a national compact—one that demands a shared commitment to decent jobs, competitive exports, thriving local industries and long-term prosperity,” he said.
The meeting brought together industrial leaders, labour unions, traditional authorities and development experts to deliberate on the practical rollout of the initiative.
Central to the policy is the development of the Volta Lake Economic Corridor, which the President said would become a national hub for production and logistics. According to him, the corridor’s potential lies in over two million hectares of arable lakeside land, which will be harnessed for agriculture, fisheries, and agro-industrial development.
He revealed plans for a network of industrial parks along the lake, focused on producing goods for both local consumption and export. “We will activate the lake as a transport highway, supported by floating ports and new investment partnerships with the private sector and the Volta River Authority,” he added.
The 24-hour Economy policy will prioritise sectors including agro-processing, pharmaceuticals, textiles, digital services, light manufacturing, tourism and the creative economy. President Mahama said the Ghana Infrastructure Investment Fund would lead the development of logistics hubs and industrial parks, while financing would be scaled up through the Development Bank of Ghana and the Venture Capital Trust Fund.
Importantly, the President stressed that the implementation will be decentralised, with each district expected to establish its own task force to oversee local rollout. A 24-hour Economy Secretariat will be established as an independent body underpinned by legislation, ensuring continuity and institutional backing for the policy.
Trade, Agribusiness and Industry Minister Elizabeth Ofosu-Adjare echoed the President’s call for collaboration, urging public and private actors to align efforts and seize the opportunity. “This is the moment to reset our economy. We want a Ghana that thrives not only during the day but throughout the night,” she said.
The Republic Day launch is expected to mark the beginning of a new chapter in Ghana’s economic journey—one that will test the country’s resolve to adapt to a fast-changing global economy through innovation, infrastructure and inclusive growth.
