Goosie Tanoh, the presidential advisor on the 24-Hour Economy, has stated that the policy will attract $4 billion in private sector investment over the next few years.
According to him, the policy will focus on improving the regulatory environment by offering incentives to position Ghana as a more competitive destination for local and foreign investors.
He asserted that the 24-Hour Economy goals are to reverse the trend of businesses relocating to Côte d’Ivoire due to more favourable conditions.
Speaking ahead of the official launch of Ghana’s 24-Hour Economy, Goosie Tanoh stated, “The total investment required is about $4 billion times ten, so GHS 400 billion. We hope it stays that way, and most of it is going to come from the private sector.
One of the problems investors have had in working in Ghana and I am sure all of you have heard that because not the unpredictable and incoherent incentive regimes and the high costs of operations in Ghana including the under table payments and requests of corruption, some companies left to Ivory Coast where it is easier to do business.
He added, “Our aim is to reverse that, and so the key components are a coherent, practical, transparent, incentive regime that is based on performance and with very little discretion, so we will remove the corruption component.
Two, build these ecological paths so you meet the requirements of both domestic private investors and foreign investors with land where there are no title disputes,” he said.
In a related story, Goosie Tanoh, the 24-hour economy, has revealed that the NDC’s flagship 24-hour economy officially begins on 2nd July, 2025.
On Thursday, June 26, 2025, Goosie Tanoh confirmed the launch date during a presentation of the final policy document to the Speaker of Parliament, Alban Bagbin.
The 24-hour economy policy was a key campaign promise for the NDC and John Mahama during the 2024 election campaign.
According to Goosie Tanoh, the 24-hour economy is anchored on three pillars: transforming production, improving supply chain and market systems, and enhancing human capital.
The three pillars will be supported by strategic sub-programmes,
Grow 24 – focused on modernising agriculture,
Make 24 – promoting industrial and manufacturing growth
Connect 24 – Optimising supply chains and distribution
Aspire 24 – fostering a productivity-driven national mindset
Goosie Tanoh stated, “Production transformation, supply chain and market efficiency, and human capital development. These foundational anchors are supported by eight strategic sub-programmes”.
“Roll 24 – which is the agricultural component, Make 24 – which is the manufacturing component, Connect 24 – the supply chain component, Aspire 24 – which is the mindset change, the resetting of the Ghanaian and Ghanaian bureaucracy with a strong and powerful attitude to work and productivity”, he added
