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Mahama Announces July Launch of 24-Hour Economy Policy with Bold New Initiatives

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President John Dramani Mahama has announced that the government will officially launch its flagship 24-Hour Economy Policy in July, with plans to activate the Volta Lake as a major national logistics and transport corridor.

Speaking during a multi-sectoral engagement at the Jubilee House, President Mahama disclosed that the final draft of the policy has been reviewed and is ready for implementation.

“I have reviewed it, and I’m confident we now have a coherent and actionable framework to deliver results,” he said. “A stable macroeconomic environment is key to the success of the 24-hour economy, and we are achieving this through strong coordination between monetary and fiscal authorities.”

To coordinate the rollout, the government will establish a 24-Hour Economy Secretariat. Mahama revealed that steps are being taken to formalise the secretariat as an independent authority, reporting directly to the presidency and backed by legislation.

A major feature of the policy is the transformation of the Volta Lake and its basin into an economic corridor. The plan includes cultivating over two million hectares of arable lakeside land, revitalising the fishery sector, and creating industrial parks to serve both local and regional markets.

“The lake will serve as a transport highway, efficiently moving food, people, and goods—relieving pressure on our congested road networks,” Mahama explained. Investments in floating assets, lake ports, and strategic partnerships are planned to support this initiative.

The 24-Hour Economy Policy aims to drive job creation and inclusive growth. It identifies priority value chains such as agro-processing, pharmaceuticals, textiles, light manufacturing, tourism, digital services, and the creative economy. Each sector will benefit from targeted solutions to existing bottlenecks.

Infrastructure development will be spearheaded by the Ghana Infrastructure Investment Fund, which will lead the construction of industrial parks, logistics hubs, and transport upgrades. Financial support will be provided through the Development Bank of Ghana and the Venture Capital Trust Fund to enhance SME participation across value chains.

Additionally, land and workforce development are integral to the plan. Mahama announced the creation of investment-ready land banks and the launch of Aspire24, a sub-program to train youth for shift-based jobs, digital careers, and entrepreneurship.

Implementation will be decentralised, with each district forming its own task force under the local assembly to align with regional development priorities.

“This is not a top-down approach,” Mahama stressed. “Each region will drive its own industrial transformation based on its unique strengths.”

The draft programme document is scheduled for public release on Tuesday, with the official launch planned for Republic Day in July.

“This is no longer just an idea,” Mahama concluded. “It is a structured, sequenced, and inclusive plan—and we are ready to begin implementation.”

The 24-Hour Economy Policy was a central promise in Mahama’s 2024 campaign and is now set to become a cornerstone of his administration’s economic transformation agenda.

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MINISTER FOR YOUTH DEVELOPMENT AND EMPOWERMENT INAUGURATES GRANT MANAGEMENT COMMITTEE FOR THE ADWUMAWURA PROGRAMME

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Earlier today, the Grant Management Committee of the Adwumawura Programme was officially inaugurated by the Minister for Youth Development and Empowerment.

The inauguration marked a critical stage in the implementation of the Adwumawura Programme, because it symbolizes an essential step in our collective effort to ensure transparency, accountability, and equity in the management of public resources entrusted to the National Entrepreneurship and Innovation Programme under The Adwumawura Programme.

The membership of the committee was drawn from Industry Players, Academia, Financial Institutions, Development Partners and Government Agencies.

 

1. University of Ghana Business School Innovation Center

2. Ministry of Youth Development and Empowerment

3. Ministry of Finance

4. ABSA Bank

5. Venture Capital Trust Fund

6. British Council

7. Private Sector (C.E.O of Akosombo Catering)

8. National Youth Authority

9. National Entrepreneurship and Innovation Programme

10. Ghana Youth Federation

11. MASLOC

In his remarks, the Minister for Youth Development and Empowerment reaffirmed government’s commitment to youth empowerment, job creation, and sustainable entrepreneurship. He emphasized that the Adwumawura Programme is not just about funding, but about building resilient businesses that can drive inclusive national development. He charged them to uphold the highest standards of professionalism, fairness, and diligence in the discharge of their duties.

The C.E.O of NEIP highlighted the need for the Grant Management Committee to be intentional about inclusiveness, equity, impactfulness, and innovation in the selection of at least 2, 000 viable businesses.

On his part, the Board Chairman assured the committee of their full support and urged them to execute their mandate dispassionately, transparently, in a non-partisan manner that will engender trust and confidence in the selection process.

Prof. George Acheampong from the University of Ghana Business School speaking on behalf of the committee thanked the Minister and NEIP for the opportunity to serve. He, on behalf of the committee members, assured the Minister and the Board of NEIP of their readiness and commitment to discharge their mandate diligently, fairly, transparently, and with utmost integrity.

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Chinese Ambassador bids farewell to President Mahama

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President John Dramani Mahama today granted an audience to the outgoing Chinese Ambassador to Ghana, His Excellency Tong Defa. The president lauded Mr Tong for strengthening the existing relations between Ghana and China during his tenure.

“You haven’t just been an ambassador or diplomat, you have been a friend, and I’m sad to see you go. Of course, our relations with China are excellent,” the President remarked.

Mr Mahama also thanked Chinese President Xi Jinping for his country’s involvement in negotiating Ghana’s debt restructuring and for providing significant support for Ghana’s development. He cited a $30 m grant for the Aflao Market Project and another $30m allocated for the construction of a new Science and Technology University in Damango.

“We want to see a greater cooperation with China in terms of logistics, in terms of training to move on anti-terrorism, in terms of building surveillance of our borders to make sure that we don’t have any infiltration of these areas”, he added.

President Mahama suggested a payment and settlement system between the two countries.

Ambassador Tong congratulated President Mahama on the successes chalked up in the first year of his tenure, especially in turning the fortunes of Ghana’s economy. He called for strengthening cooperation between the two countries in industry, trade, mining, and science and technology.

Ambassador Tong noted that the China zero-tariff arrangement for Ghana’s exports would soon be operationalised. He appealed to President Mahama for Ghana’s support for China’s bid to host the Secretariat of the new United Nations treaty on Biodiversity Beyond National Jurisdiction.

 

 

 

 

 

 

 

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President Mahama Unveils Major Welfare, Equipment Boost for Ghana Armed Forces

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President of the Republic and Commander-in-Chief of the Ghana Armed Forces, H.E. John Dramani Mahama, has announced a wide-ranging package of welfare improvements and major equipment acquisitions aimed at strengthening the operational capacity and morale of the Ghana Armed Forces.

The President made the announcement while addressing officers, soldiers, defence civilian staff, and invited guests at the West African Soldiers’ Social Activity (WASA), describing the measures as part of government’s commitment to building a modern, well-resourced military.

“The strength of any armed force lies in the professionalism, welfare, and motivation of its personnel,” President Mahama said. “As President and Commander-in-Chief, I remain firmly committed to ensuring that the Ghana Armed Forces are adequately resourced, well trained, and properly equipped to meet both current and future challenges.”

Major Equipment and Infrastructure Upgrades

President Mahama disclosed that government has begun a comprehensive retooling of all three services of the Armed Forces to enhance mobility, surveillance, and rapid response capabilities.

“As part of our modernisation drive, government is retooling all three services of the Armed Forces,” he stated.

He announced that a fleet of pick-up trucks, buses, and Land Cruisers has already been commissioned to improve operational efficiency, noting that this represents only the first phase of planned vehicle acquisitions.

According to the President, government is also moving ahead with plans to procure armoured personnel carriers, strategic drones, and advanced communication systems, as well as to establish Ghana’s first state-of-the-art Cyber and Electronic Warfare Centre at the Tamale Air Force Base.

“This centre will be responsible for maintaining surveillance of our borders and will also have the capacity to respond decisively in the event that our country comes under attack,” President Mahama explained.

Further equipment upgrades will include the acquisition of offshore patrol vessels for the Ghana Navy, four new Eurocopter helicopters for the Ghana Air Force, and a new executive jet to support executive travel and critical military logistics.

Forward Operating Bases and New Military Units

President Mahama also announced progress on the construction of Forward Operating Bases across the country, particularly in strategic areas.

“Two Forward Operating Bases in the northern part of the country are ready for commissioning, and adequate funding has been allocated in this year’s budget to complete four more before the end of the year,” he said.

He added that government has taken a strategic decision to establish two new military units in the Oti and Central Regions, in response to emerging security dynamics and the need to strengthen the national response framework.

Welfare Boost for Personnel

On welfare, President Mahama announced the implementation of a new salary structure for the Ghana Armed Forces, which will take effect in March, with arrears for January and February to be paid in the same month.

“I bring tidings of great joy,” he told the gathering. “Your new salary structure will start in March, and the arrears for January and February will also be paid in March.”

He also expressed support for the establishment of a Mutual Health Fund for service personnel and their families, announcing that seed funding for the initiative will be provided by the National Security Secretariat.

“The welfare of our personnel remains a top priority, and initiatives that improve healthcare access and financial security deserve our full support,” the President said.

Housing and Personnel Expansion

Addressing accommodation challenges within the Armed Forces, President Mahama acknowledged a housing deficit of about 14,000 units and welcomed a partnership between the Defence Industries Holding Company and FT Global to deliver 10,000 housing units over the next five years.

“Improving the living conditions of our officers and soldiers is essential to morale and operational effectiveness,” he noted.

He further announced that the ongoing recruitment exercise aims to increase the strength of the Ghana Armed Forces by 12,000 personnel over the next four years, to ensure sustainability and enhanced operational capacity.

Commitment to National and Regional Security

President Mahama concluded by reaffirming his administration’s determination to keep the Ghana Armed Forces professional, disciplined, and well-positioned to safeguard the nation.

“As Commander-in-Chief, I remain resolute in ensuring that the Ghana Armed Forces are fully resourced and positioned to serve Ghana, our sub-region, Africa, and the rest of the world with distinction,” he said.

The WASA event brought together senior military leadership, traditional and religious leaders, and other stakeholders to celebrate the service and sacrifices of the men and women of the Ghana Armed Forces.

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