Afreximbank, GIIF and 24-Hour Economy Authority pact marks real progress toward 24-hour economy agenda
The significance of the agreement goes beyond the signing ceremony. For a country seeking to transform ambitious economic priorities into productive assets, industrial capacity, export opportunities and sustainable employment, project preparation is where vision begins to acquire financial and commercial credibility.
Ghana's ambitious 24-Hour Economy agenda has taken a significant step forward with the signing of a Joint Project Preparation Facility (JPPF) agreement involving Afreximbank, the Ghana Infrastructure Investment Fund (GIIF), and the 24-Hour Economy Authority. This agreement marks a crucial milestone in transforming the country's economic priorities into productive assets, industrial capacity, export opportunities, and sustainable employment.
The JPPF aims to accelerate the preparation of priority projects under Ghana's 24H+ programme, with an initial investment of US$10 million from Afreximbank and GIIF to fund technical, financial, legal, and advisory work. The agreement highlights the importance of project preparation in addressing the financial and commercial credibility issues that often hinder potentially transformative projects from becoming bankable.
By addressing upstream stages, such as project feasibility, structuring, and garnering investor support, the JPPF creates an environment in which policy priorities, project development, and investment expertise can converge, ensuring that projects are financeable and capable of withstanding scrutiny throughout the project lifecycle.
Written by urgent.news from Joy Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
