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Chinese Firms Explore Opportunities Under Ghana’s 24-Hour Economy Programme

Accra: The Chinese Embassy in Ghana, in partnership with the 24-Hour Economy and Accelerated Export Development Secretariat, has hosted a high-level China-Ghana Business Engagement in Accra. The session brought together senior officials from Ghanaian institutions and major Chinese private sector players to explore strategic partnerships aligned with the 24H+ Programme, the government's flagship agenda to industrialise the economy, expand exports, and create decent jobs at scale.

According to Ghana News Agency, the engagement focused on how the 24-Hour Economy is being implemented and the role of the private sector, particularly Chinese investors, in delivering results. The Secretariat presented a pipeline of projects spanning agriculture, logistics, manufacturing, health, and the creative economy, which are advancing through feasibility and early-stage development. Investors were invited to collaborate with Ghana to move these projects into execution and deliver tangible outcomes.

In his address, Mr. Goosie Tanoh, Presidential Adviser on the 24-Hour Economy and Accelerated Export Development, emphasized that the focus of the engagement was on delivery rather than policy declarations. 'We are building a portfolio of coordinated projects that will bring the Programme to life and deliver real value for Ghana,' he said. Mr. Tanoh also reaffirmed the depth of Ghana-China relations, highlighting their historical significance and ongoing collaboration.

Chinese Ambassador to Ghana, Tong Defa, underscored the alignment between the 24H+ vision and China's development cooperation strategy in Africa. He noted that China remains Ghana's largest trading partner and a major source of foreign investment, with bilateral trade reaching unprecedented levels. Ambassador Tong reaffirmed China's readiness to support sub-programmes of 24H+, particularly in agriculture, logistics, energy, and agro-industrial infrastructure.

Mr. Alexander Kofi-Mensah Mould, CEO of the Millennium Development Authority (MiDA), assured Chinese investors of MiDA's role in ensuring transparent and efficient execution of government-led projects. He highlighted investment-ready opportunities in agro-ecological parks, feeder roads, and Volta Lake transport systems, emphasizing the government's preparedness to finance viability gaps to ensure bankability.

The event also featured key Ghanaian institutions responsible for investment, finance, and infrastructure delivery. These included the Ghana Investment Promotion Centre, the Ghana Infrastructure Investment Fund, the Ghana EXIM Bank, and the Development Bank Ghana. The Chinese private sector was well-represented, with over 50 business leaders in attendance, demonstrating a keen interest in participating in the delivery of priority projects under the 24-Hour Economy.

Participants from both sides expressed satisfaction with the structured, data-driven approach of the Programme and the clarity of Ghana's investment roadmap. The meeting reaffirmed China's role as a strategic partner in Ghana's long-term transformation and confirmed investor appetite to engage in the execution of these critical projects.