The 24-Hour Economy Secretariat has held a high-level engagement with the Bank of Ghana to align the flagship 24-hour economy policy with Ghana’s macroeconomic framework, with discussions centring on a proposed Food Security and Price Stabilisation Fund and new credit structures for businesses.
The meeting forms part of the Secretariat’s ongoing consultations with key institutions as the 24-hour economy programme transitions into its operational phase.
Presidential Advisor on the 24-Hour Economy Programme, Goosie Tanoh, thanked the Bank’s leadership and technical teams for the engagement, noting that macroeconomic stability remains Ghana’s immediate priority.
He commended the central bank for maintaining stability that supports growth, increased domestic production and expanded export output.
According to Mr Tanoh, the 24-hour economy initiative is designed to complement macroeconomic stabilisation efforts with targeted micro-level interventions that stimulate enterprise growth and round-the-clock productivity.
Food Security and Price Stabilisation Fund
A key focus of the discussions was the proposed establishment of a Food Security and Price Stabilisation Fund.
The Fund is expected to:
- Moderate commodity price volatility
- Reduce food inflation
- Strengthen national food security
Officials indicated that the mechanism would complement existing monetary policy tools, particularly in addressing inflationary pressures linked to food supply chains.
24H+ Credit Policy and SME Support
The meeting also explored financial sector collaboration, including the development of a 24H+ credit policy and enterprise financing framework to support businesses operating under extended production cycles.
Proposals discussed included:
- Coordinated appraisal of credit applications
- Syndicated and direct lending structures
- Balance sheet support for eligible enterprises subject to due diligence
- Recognition of credit insurance schemes to strengthen collateral frameworks
- Regulatory guidance for 24-hour loan portfolios
- Foreign exchange hedging instruments to support SME lending
- Digital platforms to expand access to trade and finance
Officials expect the engagement with the Bank of Ghana to translate into strategic regulatory and policy measures that strengthen Ghana’s financial services infrastructure in support of the 24-hour economy.
The Secretariat described the consultations as part of a broader institutional alignment process aimed at ensuring that the policy is anchored within existing macroeconomic and financial stability frameworks as implementation advances.
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