Ghana is targeting $4 billion in private investment under its 24-Hour Economy initiative, according to Presidential Advisor Goosie Tanoh.
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Speaking ahead of the programme’s launch, Mr. Tanoh said the initiative is designed to boost industrial growth, create jobs, and strengthen exports. The policy will introduce reforms to stop the current trend of businesses relocating to Côte d’Ivoire for better conditions.
He noted that many investors have left Ghana due to unpredictable policies, high costs, and corruption. The new policy aims to fix these problems by improving regulation, cutting red tape, and offering clear incentives.
“We need about GHS 400 billion. Most of it will come from the private sector,” Tanoh stated. “Our system will be transparent and performance-based. This will remove corruption and reduce unnecessary discretion.”
To attract investors, the policy will also address land disputes and infrastructure issues. The government plans to create clear pathways for both local and foreign businesses.
“We’re building a system that works for everyone,” Tanoh added. “Our goal is to make Ghana the easier choice for serious investors.”
