Ghana Signs $5.5bn Deals to Transform Economy, Create 1.7m Jobs

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The 24-Hour Economy and Accelerated Export Development Secretariat had signed Joint Development Agreements worth about US$5.5 billion with its co-development partners as of May 2026, within a project pipeline of US$11.5 billion. The agreements aim to transform Ghana's economy and create over 1.7 million jobs by the end of 2028, with a focus on structural economic transformation, producing more of what Ghana consumes, and exporting more of what it produces.

The programme's target includes direct, indirect, and induced jobs, with the four agreements signed in the past 90 days combining targets of more than 160,000 direct jobs. The 24-Hour Economy office said some of the expected projects include the Buipe solar and battery project, a US$1.45 billion investment, which will generate 1,500 megawatts and supply industrial power at 6.0 to 9.0 US cents per kilowatt-hour. The project's first phase is due to be completed in the third quarter of 2027, and its job target is 13,000.

At the Tamale Air Cargo Hub, the 24H+ Secretariat and Ghana Airports Company Limited have demarcated land, and two operators have secured concessions and are expected to begin services in 2027. Under the Participatory Land Access Model, communities across the country are voluntarily leasing their land to these projects and, in return, receive annual rentals and shares in the projects. The downstream petroleum 24-Hour Economy Programme, launched with the National Petroleum Authority in May 2026, now has 12 Oil Marketing Companies providing 24-hour services, day and night, to the public across 268 filling stations.

The Driver and Vehicle Licensing Authority, the Ghana Publishing Company, and the Ghana Ports and Harbours Authority are running 24-hour services, and 33 manufacturers have commenced multi-shift operations in response to the programme. The Secretariat has completed its design through consultation with industry, including the service industry, investors, and development partners, and is finalising it with the Ministry of Finance, so that the package is commercially attractive to firms and sustainable for the public finances. It added that the government will announce it with clear conditions and timelines.