Ghana Bets On 24-Hour Economy To Draw Investment, Boost Industry

Mintesinot Nigussie

President John Dramani Mahama has unveiled a package of incentives aimed at expanding industrial output and attracting investment, placing a proposed 24-hour economy at the centre of Ghana’s growth strategy. Speaking at the Kwahu Business Forum in Mpraeso, he said businesses operating multiple shifts would benefit from duty-free imports of machinery, faster port clearance procedures and targeted policy support.

The measures are designed to encourage continuous production cycles and improve productivity as Ghana seeks to strengthen its position as a manufacturing and investment destination in West Africa. Mahama also set out plans to upgrade the Kwahu forum into a global platform for business and investment dialogue.

The infrastructure project includes a permanent convention, conference and exhibition centre to be developed in partnership with private firms including Metalex and Trasacco. Alongside the policy push, Mahama called on companies to strengthen corporate governance, urging greater tax compliance, structured succession planning and increased investment in small and medium-sized enterprises.

He acknowledged the role of Julius Debrah in developing the Kwahu Business Forum into a key platform for private sector engagement. The forum this year brought together business executives, entrepreneurs, policymakers and development partners, reflecting growing interest in Ghana’s efforts to accelerate industrial growth through private sector-led expansion.

Businesses in manufacturing, logistics and services are expected to benefit from the new incentives and improved operating environment. The 24-hour economy initiative is seen as a bold step to make Ghana more competitive in attracting foreign direct investment.

The president’s announcement signals a clear commitment to creating a more business-friendly environment that supports continuous production and round-the-clock operations.

Stakeholders view the combination of policy incentives and infrastructure development as a comprehensive strategy to boost Ghana’s industrial base and position the country as a preferred investment destination in West Africa.

Overall, Ghana’s 24-hour economy push represents a significant opportunity for both local and international businesses seeking growth in a dynamic African market.