The Ministry of Finance has clarified that the GH¢110 million allocated in the 2026 budget for the 24-Hour Economy programme is a facilitating amount, not full funding.
According to Isaac Fraikue, Director of Budget, the allocation supports initial activities while additional financing is mobilised from private and development partners.
The explanation from him follows the announcement by the Minister of Finance, Dr. Cassiel Ato Forson, during the presentation of the 2026 budget on Thursday, November 13, 2025.
The Minister had stated that GH¢110 million had been set aside for the implementation of the 24-Hour Economy programme, aimed at boosting economic activities and creating jobs.
The Director said: “There is no activity in the budget that is not funded. It is not a matter of waiting until we get there. The GH¢110 million is not for the full funding of the 24-Hour Economy project; it is just a facilitating amount,” he said.
Fraikue said the Ministry had engaged with key private sector players and development institutions such as the Development Bank of Ghana and the Ghana Infrastructure Investment Fund (GIIF) to secure further financing.
“Anything in the budget document has financing backing. The major focus now is on physical discipline, and we anticipate that from now onwards, Ghanaians will observe the implementation closely,” he said.
The 24-Hour Economy aims to maximize Ghana’s resources, people, and infrastructure productivity. Benefits include: for farmers, year-round business opportunities, irrigation systems, and guaranteed markets; for young people, free digital skills training, internships, and business startup loans; and for traders, cold storage facilities and wholesale buying groups.
By: Rainbowbadioonline.com/Ghana
