Presidential Advisor on the 24-Hour Economy, Goosie Tanoh, has projected that Ghana’s flagship 24-Hour Economy policy will attract approximately $4 billion in private sector investment in the coming years, driving industrial growth and boosting the country’s global competitiveness.

Speaking ahead of the official launch of the initiative on Monday, June 30, 2025, Tanoh highlighted the policy’s strategic focus on long-term economic transformation, job creation, and enhanced export performance.

“The total investment needed is about $4 billion times ten — that’s GH¢400 billion. We expect the majority of this to come from the private sector,” he stated.

Tanoh emphasized that the initiative is designed to tackle key barriers to doing business in Ghana, citing investor concerns over inconsistent incentive structures, high operational costs, and corruption. He noted that some businesses have relocated to Côte d’Ivoire due to more favorable conditions — a trend the policy aims to reverse.

“Investors have consistently raised concerns about Ghana’s unpredictable incentive regimes, costly operations, and informal payments. Côte d’Ivoire has become more attractive in comparison. This policy is about turning that around,” he said.

The 24-Hour Economy will be built on three foundational pillars: a transparent and performance-based incentive framework, improved infrastructure, and secure access to industrial land free of litigation and ownership disputes.

“Our approach is to establish a clear, consistent, and practical incentive system with minimal discretionary power — that’s how we reduce corruption. We are also creating ecological corridors to guarantee that both local and foreign investors can access land without legal complications.” Tanoh explained.