The 24-Hour Economy Policy document will be laid before Parliament for debate and approval following its official launch on Wednesday, July 2, 2025. Presidential Advisor for the 24-Hour Economy Secretariat, Mr. Augustus Obuadum Tanoh, has assured.
Speaking at a media engagement in Accra on June 30, Mr. Tanoh said the move will allow legislators from both sides of the political divide to deliberate on the document and contribute to its effective implementation.
“We need to debate the content of the programme to justify the creation of an Authority. So, it is inevitable that it is going to happen,” he stated, echoing Speaker of Parliament Alban Bagbin‘s earlier call for the policy to be debated in Parliament to secure broad national ownership.
President John Dramani Mahama is expected to officially unveil the 24-Hour Economy Policy on July 2. The flagship programme is projected to create no fewer than 1.7 million jobs over the next four years, primarily aimed at driving industrial transformation.
Mr. Tanoh also disclosed that the existing Secretariat will be converted into an Authority, a move requiring parliamentary approval. “There has been approval to convert the current 24-Hour Secretariat into an Authority. And of course, it will get to be passed by a parliamentary majority,” he said.
To ensure the full-scale rollout of the policy, the government aims to mobilise $4 billion over four years from international development partners and financial institutions. An initial seed capital of $300 million will also be made available to support businesses and individuals who join the programme to expand production.
The policy is anchored on three core pillars: Production Transformation, Supply Chain and Market Efficiency, and Human Capital Development. These are complemented by eight sub-programmes: Grow 24, Make 24, Connect 24, Show Ghana, Go Ghana, Digital Technology, Aspire 24, and Made-in-Ghana.
According to Mr. Abdul-Nasser Suglo Alidu, Head of Strategy and Programme at the Secretariat, the initiative places agriculture at its centre to drive food sufficiency and develop the country’s industrial value chains for export-led growth.
He explained that ‘Make 24′ is designed to boost local manufacturing, while ‘Aspire 24′ seeks to reform mindsets and reduce public sector inefficiencies to improve national productivity. ‘Show Ghana’ will spotlight the country’s cultural heritage and engage the diaspora to promote tourism, and ‘Go Ghana’ will rally citizens toward a united national development agenda.
Additionally, a Volta Economic Corridor will be established under the policy, featuring industrial and agro-ecological parks, as well as lake transport infrastructure on the Volta Lake to stimulate economic growth in that region.
Mr. Abdul-Nasser emphasised that the 24-Hour Economy programme is national in character and draws inspiration from past development plans such as Osagyefo Dr. Kwame Nkrumah’s seven-year development strategy, SADA, and the NDPC’s 40-year vision.
He cited examples of countries like Singapore, Malaysia, China, and Denmark that have successfully implemented similar models, expressing confidence that Ghana will soon emerge as a leading model of industrial transformation in West Africa.
