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🇬🇭 Ghana /Economy & Trade

Bank of Ghana outlines support for 24-hour economy investors

From Daily Graphic · () English

Translated from English, summarized and contextualized by DistantNews.

At a glance

News Named sources Context piece
  • The Bank of Ghana is collaborating with the African Development Bank and other institutions to fund the 24-hour economy initiative.
  • The goal is to mobilize specialized and long-term financing for businesses participating in the government's agenda.
  • This financial support aims to boost businesses operating around the clock under the new economic policy.

The Bank of Ghana (BoG) is actively working with international partners to secure funding for businesses involved in the government's ambitious 24-hour economy agenda. The central bank is collaborating with the African Development Bank (AfDB) and various other development finance institutions.

Their joint effort focuses on mobilizing specialized and long-term financing. This financial backing is crucial for businesses that plan to operate 24 hours a day, a key component of the government's economic strategy. The initiative aims to enhance productivity and economic activity by extending operational hours across different sectors.

By facilitating access to necessary capital, the BoG and its partners intend to support the successful implementation of the 24-hour economy. This move is expected to stimulate business growth, create employment opportunities, and contribute to overall economic development in Ghana.

DistantNews Editorial

Originally published by Daily Graphic in English. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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