24H+ Programme Funded by Private Investors, Not State – Secretariat
The 24-Hour Economy and Accelerated Export Development (24H+) Secretariat has stated that the programme is being funded primarily by private investors and not by the state, contrary to suggestions made in Parliament.
The clarification comes after Ranking Member of the Economy and Development Committee, Hon. Kojo Oppong Nkrumah, MP for Ofoase Ayirebi, questioned what the 24-Hour Economy has delivered and referenced a figure of GHS 650 billion during debate in Parliament on July 14, 2026.
According to the Secretariat, Section 18 of the 24-Hour Economy Authority Act, 2026 (Act 1164) sets out the funding mechanism for the programme.
It explained that almost all projects under 24H+ are funded by Ghanaian and foreign companies, cooperatives and other private investors.
Public funds are applied only to project preparation, viability gap funding where necessary to make projects bankable, and seed funding for the Secretariat’s coordination work. The Authority is expected to become self-financing after its first few years.
The Secretariat said the measure of success for the programme is not budget allocations but the level of investment mobilised and the resulting production, exports and jobs. The programme’s target is to reduce Ghana’s unemployment rate to below 5 per cent by 2034, from 14.7 per cent recorded as at September 2024.
On progress so far, the Secretariat said the initial phase was deliberately gradual to ensure policies, land, energy and SME readiness were in place. Between January and June 2025, nationwide consultations produced the full 24H+ Programme, which President John Mahama launched on July 2, 2025.
By December 2025, 30 concrete projects had been developed for Phase One, and work is ongoing to make them bankable.
Parliament passed the 24-Hour Economy Authority Act, and the President assented to it on February 19, 2026, establishing the legal framework for the programme to implement projects through joint ventures.
The National Development Planning Commission’s 2025 Annual Progress Report also lists the 24-Hour Economy among flagship programmes.
As of May 2026, the Secretariat and its co-development partners had signed Joint Development Agreements worth about USD 5.5 billion within a project pipeline valued at USD 11.5 billion.
The programme aims to create 1.7 million decent jobs by the end of 2028, covering direct, indirect and induced jobs. Four agreements signed in the last 90 days alone are projected to deliver more than 160,000 direct jobs.
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