President John Dramani Mahama has declared that Ghana is fully prepared to welcome investors into what he calls a “24-hour economy,” assuring the global business community that opportunities are open round the clock.
Speaking at the 8th Africa–Singapore Business Forum on Tuesday, 26 August, the president said the government’s economic blueprint is built on three key pillars—productivity, exports, and job creation.
“Our economic strategy is anchored in productivity, exports, and jobs. We call it the 24-hour economy for a reason. Ghana is open for business 24 hours a day,” he told delegates.
According to him, infrastructure expansion, targeted incentives, and large-scale skills training programmes are being rolled out to support businesses eager to operate day and night. These include opportunities for manufacturing, agriculture, sports, hospitality, and service industries.
At the centre of this drive is the Volta Economic Corridor, described by President Mahama as the country’s most ambitious development plan yet. The corridor rests on four strategic pillars:
• Irrigation of more than two million hectares for year-round farming.
• Development of agro-industrial parks for textiles, pharmaceuticals, and food processing.
• Expansion of tourism and hospitality along Lake Volta.
• Transformation of Lake Volta into a transport and logistics hub to connect factories with markets.
The president highlighted flagship projects already in motion, including the Legon Pharmaceutical Innovation Park, the Kumasi Machinery and Technology Park, the Akosombo and Juapong Garments and Textiles Park, as well as Digital TVET Centres of Excellence and Renewable Energy Corridors.
“These initiatives demonstrate Ghana’s readiness to become a competitive, round-the-clock hub for investment in Africa,” he said.
