Ghana’s 24-Hour Economy initiative has secured project agreements worth US$5.5 billion, with four projects expected to create more than 160,000 direct jobs.
The programme has also commenced multi-shift operations, with 268 filling stations and 33 manufacturing companies operating under the one-to-three-shift system.
The figures were contained in a statement issued by the 24-Hour Economy and Accelerated Export Development Secretariat and copied to the Ghana News Agency in Accra.
The Secretariat said the agreements, signed with co-development partners over the past 90 days, formed part of a project pipeline valued at US$11.5 billion.
“As of May this year, the Secretariat and its co-development partners had signed Joint Development Agreements worth about USD 5.5 billion, within a project pipeline of USD 11.5 billion,” the statement noted.
It said implementation of the downstream petroleum component of the programme, launched with the National Petroleum Authority in May 2026, had begun across participating oil marketing companies.
“Twelve Oil Marketing Companies are providing 24-hour services, day and night, to the public across 268 filling stations… and 33 manufacturers have commenced multi-shift operations in response to the programme,” the statement said.
The Secretariat said the US$1.45 billion Buipe solar and battery project was expected to generate 1,500 megawatts of electricity at between six and nine US cents per kilowatt-hour by the third quarter of 2027 and create 13,000 jobs.
It said the US$250 million Kambonwule oil palm complex would produce 228,000 tonnes annually and employ 120,000 people.
The Secretariat said the bioenergy programme at Buipe and Damanko targeted 30,000 jobs, while saving the country about US$450 million annually in foreign exchange and generating export earnings.
It said land had been demarcated for the Tamale Air Cargo Hub in collaboration with the Ghana Airports Company Limited, with two operators securing concessions and expected to commence operations in 2027.
The statement said communities participating in the Participatory Land Access Model were voluntarily leasing land for projects in return for annual rental payments and equity stakes.
Addressing project financing, the Secretariat said “almost all of the projects are funded by private investors: Ghanaian and foreign companies and cooperatives.”
“Public funds pay for project preparation and viability gap funding where projects need it to become bankable, and provide seed funding for the Secretariat’s coordination work, with the understanding that the 24-Hour Economy Authority becomes self-financing after its first few years,” it said.
The Secretariat said the programme’s performance would be measured by investment mobilised, production, exports and jobs created, with the goal of reducing the unemployment rate to below five per cent by 2034.
Launched in July 2025, the Government’s flagship 24-Hour Economy policy promotes shift-based production across sectors, including manufacturing, agro-processing, healthcare, transportation and retail.
The programme targets the creation of 1.7 million jobs by the end of 2028 and is projected to mobilise US$4 billion in investment, with Government providing between US$300 million and US$400 million in seed capital to bridge viability gaps and catalyse private sector investment.
