President John Dramani Mahama has assured the international business community that Ghana is fully open for investment opportunities, operating on a 24-hour economic model designed to boost productivity and create jobs.
Addressing government leaders and business executives at the 8th Africa–Singapore Business Forum on Tuesday, August 26, President Mahama said his administration’s economic blueprint is anchored on productivity, exports, and employment generation.
“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 stated.
He explained that the government is rolling out infrastructure, incentives, and skills training to support enterprises that want to operate beyond traditional working hours — including factories, farms, sports facilities, and service centres.
Volta Economic Corridor at the Core
A major highlight of the strategy is the Volta Economic Corridor, which President Mahama described as Ghana’s most ambitious development plan to date. It rests on four key pillars:
- Irrigating more than two million hectares for year-round farming
- Establishing agro-industrial parks for textiles, pharmaceuticals, and food processing
- Expanding tourism and hospitality along Lake Volta
- Transforming Lake Volta into a transport hub to cut logistics costs and connect factories to markets
He noted that these initiatives are being complemented by flagship projects such as the Legon Pharmaceutical Innovation Park, Kumasi Machinery and Technology Park, Akosombo and Juapong Garments and Textiles Park, Digital TVET Centres of Excellence, and Renewable Energy Corridors.
President Mahama emphasized that with these measures, Ghana is positioning itself as a competitive hub for investment and industrial growth across Africa.
