Bank of Ghana (BoG) Governor Johnson Asiama hosted the 24-Hour Economy Secretariat on Thursday, February 13, 2026, for strategic discussions focused on aligning monetary policy instruments with the government’s flagship economic transformation programme.
The engagement at the central bank’s headquarters explored potential mechanisms to expand financing for Small and Medium-sized Enterprises (SMEs), strategies to stabilize food prices, approaches to managing foreign exchange risks, and opportunities to advance financial innovation across the economy.
Presidential Advisor on the 24-Hour Economy Programme Augustus Goosie Tanoh expressed appreciation to the bank for engaging its leadership and technical teams. He stated that Ghana’s immediate priority involves building a resilient economy anchored on macroeconomic stability, commending the BoG for providing stability required to create platforms for growth and increased economic activity.
Tanoh described the 24-hour economy initiative as a targeted micro-level response to macroeconomic stabilization achieved, citing sustained treasury bill performance and declining inflation as evidence of a strengthening foundation for long-term growth. Recent economic indicators show inflation declined to 21.5 percent in January 2026 from 23.8 percent in December 2025.
A major focus involved the proposed establishment of a Food Security and Price Stabilisation Fund expected to moderate commodity price volatility, reduce food inflation, and enhance national food security while complementing existing monetary policy measures.
Discussions explored practical collaboration areas between the Secretariat, commercial banks, and the central bank. Proposals included developing a 24H+ credit policy and enterprise financing framework, coordinated appraisal of credit requests, syndicated and direct lending opportunities, and balance sheet support for eligible 24-hour enterprises subject to due diligence.
Additional areas covered recognition of credit insurance schemes to strengthen collateral frameworks, regulatory considerations for 24-hour loan portfolios, foreign exchange hedging instruments to support SME lending at reasonable rates, and digital platforms to expand access to trade and finance.
Governor Asiama noted that while the bank’s core mandate remains anchored on maintaining price stability and ensuring financial system soundness, the engagement created room to assess how existing instruments within its legal and policy frameworks could be deployed to complement broader national development objectives.
He reaffirmed the bank’s commitment to structured dialogue, data-driven decision-making, and institutional independence as it collaborates with stakeholders to support Ghana’s economic transformation agenda.
The deliberations are expected to result in key strategic regulatory policy initiatives enhancing the financial services infrastructure under which Ghanaian companies are expected to thrive.
The 24-Hour Economy & Accelerated Export Development Programme, known as 24H+, represents a national development initiative aimed at repositioning Ghana as a competitive, export-driven economy. The programme promotes sustained economic activity to unlock productivity, enhance value addition, and support inclusive long-term growth.
President John Dramani Mahama officially launched the programme on July 2, 2025, targeting creation of at least 1.7 million jobs over four years while requiring over 4 billion United States dollars in investments.
The programme operates through eight sub-programmes including Grow24 for agriculture, Make24 for manufacturing, Build24 for infrastructure, Connect24 for logistics, Fund24 for financing, Show24 for creative economy and tourism, Aspire24 for human capital development, and Go24 for governance.
The Ghana Association of Banks pledged support for the initiative during a Banking Sector Roundtable organized by the Secretariat in September 2025. Chief Executive Officer John Awuah emphasized that the programme’s success is intrinsically linked to the country’s economic performance and banking sector prosperity.
Member of Parliament for Bolgatanga Central Attah Issah stated on Wednesday, February 11, that the government deliberately took time to refine the policy through extensive consultations to avoid over-politicization of economic policies.
President Mahama swore in and inaugurated the Presidential Advisory Group on the Economy (PAGE) on Wednesday, February 11, 2026. The group will support design and implementation of key national initiatives including the 24-hour economy, export development programmes, and productivity-enhancing reforms.
A Computable General Equilibrium analysis published in July 2024 projected that under the 24-hour economy policy, Ghana’s real Gross Domestic Product growth over ten years would be 31.71 percent higher than under a business-as-usual scenario, with the policy generating over 3 million jobs within five years of implementation.
