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Home Business

24-Hour Economy is a living plan, open to feedback – Goosie Tanoh

Kumasi Mail by Kumasi Mail
July 2, 2025
in Business
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24-Hour Economy is a living plan, open to feedback – Goosie Tanoh
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The government has officially launched the ambitious 24-Hour Economy and Accelerated Export Development Programme (24H+), aimed at transforming Ghana into a productive, inclusive, and globally competitive economy through sustained industrial and export-led growth.

Speaking at the launch event in Accra, Presidential Advisor Augustus Obuadum Tanoh outlined the structure of the programme, the next phase of implementation, and the collaborative efforts that went into its development. He emphasized that the programme is not only a policy framework but a roadmap for Ghana’s long-term economic transformation.

“The programme is presented in nine documents: a Full Report and eight thematic subprogrammes including Grow24, Make24, Build24, Show24, Connect24, Fund24, Aspire24, and Go24,” Tanoh said. “Each subprogramme offers targeted interventions in areas such as production, infrastructure, financing, social mobilisation, and export development.”

With Cabinet’s approval now secured, Tanoh announced the programme’s transition into its implementation phase. Over the next six months, the Secretariat will focus on finalising concept notes for the first 20 of approximately 50 strategic projects. These notes will be made publicly available to attract stakeholders including investors, policymakers, donors, and community leaders.

Key priorities  of the policy include; Aligning projects with existing government initiatives to avoid duplication and ensure synergy, Finalising an investor-friendly incentives package with the Ministry of Finance, Conducting feasibility studies to ready projects for investment.

Others include operationalising lending platforms to support SMEs and value chain development and Launching a grassroots remobilisation campaign through the Aspire24 and Go24 subprogrammes.

“Community-level participation is essential. We need to relearn how to self-organise to address our collective challenges,” Tanoh stressed, adding that participatory democracy at the district level is integral to the programme’s success.

He also announced plans to transition the current Presidential Unit overseeing 24H+ into a statutory body with full legal authority to implement the programme, in collaboration with the Attorney General and Ministry of Justice.

The event was attended by President John Mahama, Vice President Naana Jane Opoku-Agyemang, senior government officials, traditional leaders, investors, and members of the diplomatic corps.

Tanoh paid tribute to the Secretariat team for their dedication in crafting the programme, as well as to President Mahama for his vision of a “productive, prosperous, integrated, innovative, and equitable society.”

He acknowledged the contributions of the NDC Manifesto Committee, business associations including AGI, FAGE, and GUTA, as well as development partners such as UNDP, IFC, AfDB, and Ghanaian institutions like GIIF, DBG, and Exim Bank.

Special thanks were extended to the security services for their strategic support in safeguarding national stability during the anticipated societal transformation.

Tanoh concluded by affirming the Secretariat’s openness to constructive criticism: “24H+ is a living programme—rooted in science and social democratic values, yet adaptable to evolving realities. Ghana’s people are capable and resilient. With collective effort, we will succeed.”

The launch of the 24H+ Programme marks a significant step in Ghana’s quest to diversify its economy, create sustainable jobs, and accelerate inclusive development.

Tags: Accelerated Export Development Programmeambitious 24-Hour Economygovernment officially launchedtopstory
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