The government’s flagship 24-Hour Economy Programme is expected to generate 1.7 million productive jobs by 2028, according to Presidential Adviser Augustus Goosie Tanoh.
Speaking at the Ghana Diaspora Townhall Meeting in London on Sunday, Mr. Tanoh revealed that four major agreements signed within the last 90 days have already secured over 160,000 of those jobs.
Key projects currently in motion include:
· Buipe Solar Farm (Savannah Region): A $1.45 billion facility expected to create 13,000 jobs and provide the lowest industrial electricity tariffs Ghana has ever seen.
· Kambonwule Oil Palm Anchor Project: A $300 million investment slated to create 120,000 jobs and help close the country’s vegetable oil import deficit.
· Bioenergy/Biofuels Programme (Buipe and Damanko): Projected to provide 30,000 jobs and save $450 million annually in foreign exchange.
· Tamale Air Cargo Hub: Two operators have been demarcated for the hub, with operations scheduled to commence in 2027.
Mr. Tanoh noted that these figures do not yet include indirect and induced jobs, which typically carry a multiplier effect of one to four times the direct employment numbers.
Economic Context
The adviser framed these developments against the backdrop of Ghana’s economic recovery under President John Dramani Mahama, who took office in January 2025.
Key economic indicators presented include:
· Inflation: Dropped to 3.4%, the lowest level in over four years, following 15 consecutive months of decline.
· Interest Rates: The Bank of Ghana policy rate has been cut from 28% to 14%.
· Reserves: International reserves stand at $14.5 billion, close to six months of import cover.
· Debt: Public debt has fallen from a peak of 92.4% of GDP to approximately 48%.
· Growth: The economy grew by 6% in 2025.
Addressing the Industrial Gap
Despite the positive numbers, Mr. Tanoh cautioned that growth is heavily reliant on the services sector, which contributed nearly 60% of GDP. The industry sector contributed only about 12% with a growth rate of just 2.3%.
“That gap is what our second pillar exists to close,” he said, emphasizing the role of the 24-Hour Economy and Accelerated Export Development Programme.
He added that other significant projects are already underway, including the Volta Lake Transport System, the Singa Agroecological Corridor, the Asutuare Pharmaceutical and Garment Parks, and the National Poultry Programme.
Appeal to the Diaspora
Mr. Tanoh made a direct appeal to Ghanaians living abroad, noting that the diaspora sent home a record $7.8 billion in remittances in 2025—up from around $4 billion six years ago. The United Kingdom remains Ghana’s second-largest source of remittances after the United States.
“Your country is ready for you,” Mr. Tanoh concluded.
