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STRATEGY
SWAP EXPECTATIONS
(1 + I1) = (1 + i2) x E/S [8]](https://image.slidesharecdn.com/presentation24he202506-250630165909-e2c33bb3/75/24-HOUR-ECONOMY-PRESENTATION-FULL-DOCUMENT-25-2048.jpg)
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24 HOUR ECONOMY PRESENTATION - FULL DOCUMENT
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- 2. LOGO INSPIRATION Natural resourcesfrom the three geographical zones of the country will fuel an industrialized and export-led economy. 2
- 3. Agenda 01. What isthe 24 Hour Economy? 02. Why 24H+? 03. Strategic Priority Projects 04. Value Chain Financing Strategy 05. Featured Opportunities 3
- 4. What is 24Hour Economy? “The 24-Hour Economy is more than just a policy; it’s a catalyst for industrialisation, export promotion, and job creation. It’s about building an economy that works for everyone, every hour of the day,” - President John Dramani Mahama 01. 4
- 5. What is 24Hour Economy? “It is both a destination and a programme.,” - President John Dramani Mahama 5
- 6. 24H+ will transformthe Ghanaian economy 1. Significantly increase input self-reliance and reduce Ghana’s vulnerability to external shocks 2. Facilitate the comprehensive integration of value chains to produce more of our needs 3. Optimise the utilisation of production resources, including human labour power, natural resources, and capital to achieve high productivity, shared prosperity and more balanced lives; 4. increase in volume and types of production and thus increase in meaningful employment (at least 1.7m quality jobs in 4 years) 5. develop stable production surpluses based on marketing that scientifically assesses and penetrates concrete local, regional, and international markets. 6. equip the Ghanaian productive sector with better attitudes to production and production relations, and socio-cultural values /solidarity. 6
- 7. The Theory ofChange 7
- 8. The Theory ofChange
- 9. Key Principles ● Theapproach to solving problems is an integrated value chain approach ● The 24H+ secretariat will play a coordinating and advisory role in the implementation ● The programmes will be private sector driven ● As much as possible, programme funding will be structured so that they are not on the government’s balance sheet 9
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- 11. Why the 24H+Programme 11
- 12. Trade – andtrade in imported goods - dominate our economy 1. Trade and repairs have overtaken Agric as the biggest contributor to growth 2. Manufacturing has moved from number 3 to number 4 12
- 13. We export mostlyGold, Oil and Cocoa, and import most of what we use 1. Almost 50% of total inputs are imported; 2. Manufacturers in Ghana earn almost 90% of total sales from the domestic market; 3. Our 2nd largest food import comes from animal stomachs; 4. 3rd Largest food import includes Offal of Fowl. 13
- 14. Even when theeconomy grows, we are not creating jobs or opportunities for our people While GDP grows each year Employment rate is on a downward trend 14
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- 17. Logistics and SupplyChains ● VoltaLink ● Air Cargo Centre 17
- 18. Human Capital Development– Specific Initiatives 1. National Digital Skills Mission – a national system for human capital development through digital intelligence training 2. Mainstreaming through TVET – offering skills training at scale 3. Work Ethic and Mindset – productivity mindset, work ethic and innovation culture 4. Public-Private Partnerships – BPO partnerships to allow seamless transition to employment or entrepreneurship 5. Pan-African Talent Hub – we will position Ghana as Africa’s digital talent hub 18
- 19. Training to Jobs: OperationalizingAspire24 1. 6 Model Digital Centres of Excellence 2. Curriculum Upgrade – coding, data analytics, digital marketing, cybersecurity 3. Skills Passport & Certification 4. BPO Job Pipeline – BPO’s have Committed 6,000 jobs for Aspire24 graduates 5. Scale-Up Plan – We start with 6, then scale nationally 19
- 20. Strategic Priority Projects GROW24 •Eden Volta Breadbasket Project • Urban Vegetable Farming in regional capitals • Cooperative Development • Agroprocessing Integration into Agroecological Parks • Housing for Rural Agricultural Workers • Post-Harvest Infrastructure Expansion NB: Priority Value Chains: Vegetables & fruits, Grains & Cereals, Roots & Tubers, Oil seeds, Medicinal Plants, Poultry, and Fish) BUILD24 • Build Ghana Demonstration Projects (BGDP) • Green Building Pilot Projects • Local Construction Materials Revitalisation Project • National Construction Industry Development Authority (CIDA) 20 CONNECT24 • Air Cargo and Export Terminal • Cold Chain Facilities • River Hospitalities • Volta Lake Transport Enterprises • Cotton Value Chain Revitalisation Project • Local Agric and Processing Machinery Manufacturing Project • National Herbal Medicine & Wellness Park • Wumbei 1 - Akosombo/Juapong Textiles and Garments Park • Wumbei 2 to 7 - Garment Parks in Ho, Koforidua, Cape Coast, Kumasi, Tamale, and Afienya • Wumbei 8 -Legon Pharmaceutical Innovation Park (LePIP) • Wumbei 9 - Kumasi Machinery and Technology Park CROSS CUTTING ❖ SME Lending Platform ❖ Value Chain Financing Project FUND24 • Volta Economic Corridor • Building Community Land Trusts • Ghana Mall GO24 ❖ Community Improvement & Revitalisation Programme ❖ National Mindset and Productivity Campaign MAKE24 • 250 Community Centres • Cocoa Museum • Festival Tourism Promotion • Forts and Monuments Projects • Ghana Cultural Passport • Kokompe Innovation Museum • National Creators Academy • National Cultural Convention Centre • Nkrumah Legacy Content Ecosystem • Volta Lake Museum • "Buy Made in Ghana" Project SHOW24 ASPIRE24 • Community-based Digital Literacy Centres • Digital Skills Mainstreaming • Multilingual Workforce Development • Silver Workforce Project
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- 25. FINANCING STRATEGY SWAP EXPECTATIONS (1 +I1) = (1 + i2) x E/S [8]
- 26. LENDING PORTAL The platformwill streamline loan processing across all financial institutions through an automated, secure interface. It will be built in within a robust, regulatory compliant risk framework and also while providing real time insightful reports and analytics.
- 27. INSIGHTFUL DASHBOARD &REPORTING Loan Portfolio Dashboard High-level view of all applications categorized as pending, approved, rejected, or disbursed with filtering capabilities Credit Risk Analysis Detailed insights showing approval trends, loan default probabilities, and risk exposure to inform lending policies Financial Performance Comprehensive reports on disbursements, repayment trends, and revenue generated, exportable in multiple formats
- 28. Some opportunities 1. Becomea 24/7 Ready! Business 2. Become an Anchor Farmer in an Agbledu Agro-Ecological Park 3. Register Your Interest to Set Up an Agro-Processing Facility 4. Register Your Interest to Become a Transporter on the Volta Lake 5. Register Your Interest in a Wumbei Industrial Park 6. Register Your Interest in the Tamale Air Cargo Hub 7. storytelling. 1. Register Your Interest in the Akosombo Textiles and Garments Park 2. Register Your Interest in the Legon Pharmaceutical Innovation Park 3. Register Your Interest in the National Creators' Academy 4. Train and build your brand in music, content, animation, or digital 28
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