Ghana's 24-Hour Economy Authority, the African Export-Import Bank (Afreximbank) and the Ghana Infrastructure Investment Fund (GIIF) have signed a framework agreement to establish a joint project preparation facility. The facility is intended to accelerate the preparation of projects under Ghana's 24-hour economy initiative.
The agreement was announced by the partners involved. The facility will support the development of bankable projects, though specific financial details and timelines have not been disclosed.
Ghana's 24-hour economy policy aims to extend economic activity beyond traditional daytime hours, with the goal of creating jobs and boosting productivity. The project preparation facility is designed to help move projects from concept to implementation.
Afreximbank, a multilateral trade finance institution, and GIIF, Ghana's infrastructure investment fund, will work with the 24-Hour Economy Authority to identify and prepare projects for financing. Further details on the facility's scope and operations are expected to be released as the partnership progresses.
