Ghana pushes commodity-backed financing and diaspora investment to fuel 24‑Hour Economy

Ghana’s Business and Financial Times chief executive, Dr Godwin Acquaye, called for the country to turn its natural resources—gold, cocoa, oil and emerging strategic minerals—into bankable assets that can unlock large‑scale investment. He urged diversification beyond traditional banking into commodity‑backed financing, digital finance, pension funds and capital markets, stressing that macro‑economic stability and trust in institutions are essential for attracting long‑term capital.

At the same time, the government launched a drive to channel a record US$7.8 billion in annual remittances, especially from the UK diaspora, into the 24‑Hour Economy and Accelerated Export Development Programme. Presidential adviser Augustus Goosie Tanoh highlighted recent macro improvements—inflation at 3.4%, policy rate cut to 14%, reserves of US$14.5 billion and debt down to about 48% of GDP—while projecting 6% growth in 2025. Investment targets include a US$1.45 billion solar plant, a US$300 million oil‑palm project, bio‑energy initiatives and an air‑cargo hub, together expected to create 1.7 million jobs by 2028.