President John Dramani Mahama has emphasised that although the government is the driving force behind the 24-Hour Economy Policy, it will play a facilitative role, allowing the private sector to lead its implementation.

He explained that any government funding will serve as catalytic seed capital, while additional financing will be sourced from commercial banks, Development Finance Institutions (DFIs), and blended financing instruments.

This approach, he noted, is designed to unlock larger pools of capital while easing the fiscal burden on the state.

President Mahama further stated that the policy will not only boost national confidence but also position Ghana as a hub for industrialisation.

Speaking at the policy launch at the Accra International Conference Centre on Wednesday, July 2, 2025, he said, “Government will facilitate, not dominate. Any government funding for the 24-Hour Economy will be catalytic, serving as seed funding for the 24-Hour+ Authority and supporting critical infrastructure.”

The 24-Hour Economy Policy is projected to cost US$4 billion, with the government committing between US$300 million and US$400 million as seed capital to bridge viability gaps and attract private sector investment.

The 24H+ programme is envisioned as a nationwide economic agenda, with the goal of creating 1.7 million quality jobs over four years.





SA/MA

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