Presidential Adviser on the 24-Hour Economy, Goosie Tanoh, says the programme has mobilised about $5.5 billion in project commitments despite being only a year old.

He said the programme was relying largely on private-sector investment rather than a large government fund to finance its projects.

Speaking at an engagement with news editors in Accra on August 19, 2026, Tanoh said the government had not provided the programme with a large capital fund to implement its projects.

We have no control over 24-Hour Economy markets – Goosie Tanoh clarifies

“There is no chunk of money like GH¢30 billion for us to maintain and do the projects,” he said.

He explained that the programme’s responsibility was to develop viable projects and demonstrate their bankability to attract private investment.

“We have to show that Project A and Project B is bankable. Then put your money in it,” he said.

Tanoh said government support was mainly limited to administrative and project-preparation costs, including hiring consultants and providing basic equipment.

“The only support government gives us is our administrative costs. It takes government support to hire consultants, buy a computer and buy a vehicle,” he noted.

Despite its relatively young age, Tanoh said the programme had attracted significant investment interest because of the credibility of its economic framework.

“It is a young programme, but because of the credibility of the economics around it, we are able to mobilise commitments of $5.5 billion,” he said.

He disclosed that WAPCo Solar alone is valued at $1.45 billion, while renewable energy and renewable natural gas projects account for an additional $2 billion to $3 billion.

“WAPCo Solar alone is $1.45 billion. Renewable energy and renewable natural gas are another $2 billion or $3 billion,” he said.

Tanoh stressed that project developers must demonstrate sufficient equity before agreements are signed, particularly for large-scale projects.

“We have to verify whether you have the equity or not before we sign,” he said.

Using the $1.45 billion WAPCo Solar project as an example, he said developers must demonstrate that they have sufficient equity and financial capacity to support the investment.

“If you are doing a project like WAPCo Solar, which is $1.45 billion, you want to make sure the person doing it has more than $1.45 billion as equity,” he noted.

The 24-hour economy is just one year old, yet people expect us to fix the problems other ministries have failed to solve in 70 years — Presidential Adviser on 24-Hour Economy, Goosie Tanoh Tanoh pic.twitter.com/mbrX3ovhMb

— The1957News (@The1957News) August 20, 2026