Presidential Adviser on the 24-Hour Economy and Accelerated Export Development, Augustus Goosie Tanoh, has announced that the government’s flagship 24-Hour Economy Programme is projected to generate 1.7 million productive jobs by 2028, as Ghana pushes a major industrial transformation agenda.
Speaking at the Ghana Diaspora Townhall Meeting with President John Dramani Mahama at the Ghana High Commission in London on Sunday, Mr Tanoh said the programme is already moving from policy design into implementation, with early results beginning to emerge from recently signed agreements.
He revealed that four major agreements concluded within the past ninety days alone already account for more than 160,000 jobs, underscoring what he described as strong private sector participation in the initiative.
Mr Tanoh highlighted a series of strategic investments currently underway, including the Buipe Solar Farm in the Savannah Region, a $1.45 billion project expected to create 13,000 jobs while also delivering what he described as the lowest industrial electricity tariff in Ghana’s history.
He also pointed to the Kambonwule Oil Palm Anchor Project, valued at $300 million, which is projected to generate 120,000 jobs and significantly reduce Ghana’s dependence on imported vegetable oils.
Another key component is the Bioenergy and Biofuels Programme in Buipe and Damanko, which is expected to deliver 30,000 jobs while saving the country approximately $450 million annually in foreign exchange.
In addition, Mr Tanoh disclosed that the Tamale Air Cargo Hub has been fully demarcated and will host two operators expected to begin operations in 2027, positioning northern Ghana as a logistics and export gateway.
He stressed that these figures do not include indirect or induced employment effects, noting that job multipliers in such large-scale infrastructure and agro-industrial projects typically range between one and four additional jobs for every direct job created.
The adviser made his remarks in the context of Ghana’s ongoing economic recovery under President Mahama’s administration, which assumed office in January 2025.
He reported that inflation has declined to 3.4 per cent, the lowest level in over four years, following fifteen consecutive months of disinflation. The Bank of Ghana policy rate has also been reduced significantly from 28 per cent to 14 per cent, while international reserves now stand at $14.5 billion, equivalent to nearly six months of import cover.
On fiscal indicators, he noted that public debt has fallen sharply from a peak of 92.4 per cent of GDP to about 48 per cent, while the economy recorded 6 per cent growth in 2025.
However, Mr Tanoh cautioned that the growth remains structurally uneven, with the services sector contributing nearly 60 per cent of output, while industry accounts for only about 12 per cent, growing at just 2.3 per cent.
“That gap is what our second pillar exists to close,” he said. “And that is the work of the 24-Hour Economy and Accelerated Export Development Programme.”
He added that additional projects underpinning the programme include the Volta Lake Transport System, the Singa Agroecological Corridor, the Asutuare Pharmaceutical and Garment Parks, and the National Poultry Programme, all of which are backed by signed agreements and committed private capital.
“These are signed agreements with private capital committed, in motion now,” Mr Tanoh stressed.
He also made a strong appeal to the Ghanaian diaspora, noting their growing financial contribution to national development. Remittances reached a record $7.8 billion in 2025, up from about $4 billion six years ago, with the United Kingdom ranking as Ghana’s second-largest source of remittances after the United States.
“Your country is ready for you,” Mr Tanoh concluded.
