Goosie Tanoh is the Presidential Advisor on the 24-Hour Economy

Presidential Advisor on the 24-Hour Economy, Goosie Tanoh, has projected that Ghana’s ambitious 24-Hour Economy initiative will attract an estimated $4 billion in private sector investment over the next few years.

Speaking ahead of the official launch of the policy on Monday, June 30, 2025, Tanoh highlighted the initiative’s core objective of fostering long-term industrial growth, creating sustainable jobs, and boosting the country’s export competitiveness.

“The total investment required is about $4 billion times ten, so GH¢400 billion. We hope it stays that way, and most of it is going to come from the private sector,” he stated.

He emphasised that the policy will focus on key structural reforms to make Ghana a more attractive destination for businesses, particularly in light of the growing trend of firms relocating to neighboring Côte d’Ivoire due to more favorable business conditions.

“One of the problems investors have faced in Ghana, and I’m sure you’ve all heard this, is the unpredictable and incoherent incentive regimes, the high cost of operations, and under-the-table payments and corruption. Some companies have moved to Ivory Coast, where it’s easier to do business. Our aim is to reverse that,” he added.

Tanoh further explained that the 24-Hour Economy will focus on three main pillars: a coherent and transparent performance-based incentive regime, improved infrastructure, and secured industrial lands free from title disputes.

“The key components are a coherent, practical, transparent incentive regime with very little discretion—that’s how we eliminate corruption. Secondly, we will build ecological paths to ensure both domestic and foreign investors have access to land without litigation or disputes,” he explained.

The 24-Hour Economy, a flagship policy of the current administration, is expected to transform Ghana’s economic landscape by encouraging round-the-clock industrial activity, increasing productivity, and strengthening the country’s export base.

SP/MA

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