The Association of Ghana Bankers has pledged strong support for the Government’s 24-Hour Economy and Accelerated Export Development Programme (24H+), committing to provide long-term financing and liquidity to businesses expanding their operations under the initiative.
At a 24H+ Secretariat roundtable with banking sector leaders in Accra, the Association’s Chief Executive Officer, Mr. John Awuah, described the programme as a “groundbreaking national policy anchored on private-sector leadership.” “We are excited about the opportunity to be the key drivers of this new economic model. It is when the private sector leads that we, as banks, can effectively assess, finance, and sustain its success. Every commercial bank was represented at this meeting, along with our partners, the Development Bank Ghana, Ghana Exim Bank, and GIRSAL who are ready to provide guarantees and risk-mitigation instruments to make this a success,” Mr. Awuah stated.
He added that the banking community is ready to deploy both capital and liquidity to finance productive sectors that will power Ghana’s round-the-clock economy. “The success of the 24H+ Programme is the success of the country and, by extension, a success for the banking industry. Government has created the framework, and we, the private sector, are ready to drive it forward,” he said.
The engagement, convened by the 24-Hour Economy Secretariat, forms part of Fund24, the financing pillar of the 24H+ Programme. Fund24 focuses on mobilising private capital, reducing lending risks, and providing affordable long-term funding to enterprises ready to scale within the 24-hour production ecosystem.
According to the Secretariat, over 140 companies have so far indicated readiness to expand operations within the 24-hour economy framework. The Secretariat is working closely with financial institutions to design practical, results-driven financing products tailored to these companies’ needs.
The participation of the entire banking sector underscores strong confidence in the 24H+ vision and the collective drive toward a productive, inclusive economy.
