President John Dramani Mahama says his administration is ready to operationalise its ambitious 24-Hour Economy Policy, with plans to transform the Volta Lake into a national logistics highway and empower district assemblies to lead the program’s rollout.
In a high-level multi-sectoral briefing at the Jubilee House, the President confirmed that the final policy framework has been reviewed and is ready for execution, describing it as “structured, sequenced, and inclusive.”
A major anchor of the programme is the development of the Volta Lake Economic Corridor, envisioned as a national production and transportation belt. “The lake will not just be a water body—it will become a transport highway, connecting goods, people, and markets across the country,” Mahama said. This includes cultivating over two million hectares of arable lakeside land and establishing industrial parks, fisheries infrastructure, and floating assets to relieve road congestion.
To institutionalise the policy, Mahama announced plans to establish an independent 24-Hour Economy Secretariat backed by legislation and reporting directly to the Presidency. This body will coordinate sector-specific initiatives spanning agro-processing, pharmaceuticals, textiles, tourism, digital services, and creative industries.
Crucially, the programme will decentralise economic transformation, with every district forming its own 24-hour task force to tailor strategies to local strengths. “It’s a ground-up model, not a top-down directive,” Mahama noted.
On the infrastructure front, the Ghana Infrastructure Investment Fund will spearhead projects, while the Development Bank of Ghana and the Venture Capital Trust Fund will provide targeted financing for SMEs and cooperatives.
In support of workforce readiness, the Aspire24 sub-program will provide youth training in shift-based work, digital careers, and entrepreneurship.
President Mahama disclosed that the draft programme document will be opened for public feedback on Tuesday and is expected to be launched officially on Republic Day, July 1, 2025, marking what he called “a bold new national agenda.”
Framing the policy as more than just campaign rhetoric, Mahama said: “This is not just a vision—it’s a roadmap to inclusive, sustained growth. Its implementation is beginning.”
