Ghana’s 24-Hour Economy Attracts $11.5B in Investment

The 24-Hour Economy Authority has mobilized more than US$11.5 billion in prospective investment across 18 projects since the law establishing it took effect in February 2026, though only US$5.5 billion of that has been secured through signed Joint Development Agreements, according to the mid-year fiscal review presented to Parliament Thursday.

The gap between pledged and secured investment is the detail likely to draw the most scrutiny, since roughly half the headline figure government cites has not yet converted into binding commitments.

The 24-Hour Economy Authority Act, 2026 (Act 1164), came into force on February 19, 2026, to support round-the-clock production, manufacturing and exports. Government says 268 fuel stations, 11 bulk oil depots, two oil refineries, 33 manufacturing companies and 12 public institutions have adopted multi-shift operations under the program.

Named projects include the Kambonwule Oil Palm Project, compressed biogas facilities at Damanko and Buipe, and a 1,500-megawatt solar and battery storage project at Buipe, whose first 100-megawatt phase is expected to be commissioned by June 2027.

Communities in the Volta Economic Corridor have made more than 605,000 hectares of land available under a Participatory Land Access Model, with consent secured for about 139,000 hectares so far, the review states. Land registration and allocation for the remainder are still underway, meaning the program’s physical footprint on the ground remains smaller than the total land pledged.

Source: newsghana.com.gh