Gov't to raise $500m financing facility to drive manufacturing, exports — 24-Hour Economy Secretariat
The 24-Hour Economy and Accelerated Export Development Secretariat is working with the Bank of Ghana to establish a $500 million facility to provide affordable and patient capital to small and medium-sized enterprises (SMEs) and manufacturers.
Chief Partnership Officer at the Secretariat, Dr Ishmael Nii Amanor Dodoo, said the facility is expected to support export-oriented businesses to expand production, invest in technology and increase their capacity to manufacture for both domestic and international markets.
He said the initiative forms part of efforts under the 24-hour economy to address financing constraints confronting businesses and support Ghana’s transition from a raw material-exporting and import-dependent economy to a productive and export-oriented one.
Speaking at the opening of the third 2026 Ghana International Horticulture Expo in Accra on Thursday, September 3, he said access to affordable financing was critical to enabling businesses to increase production and take advantage of growing markets across Africa.
“We are working with the Bank of Ghana to raise about $500 million SME facility that will ensure patient and affordable capital that can go to businesses and manufacturers,” Dr Dodoo said.
Dr Dodoo said the proposed facility would also be structured to reduce the collateral burden on businesses and enable them to access credit with greater ease.
According to him, the facility is expected to offer interest rates below 10 per cent, making it more affordable for businesses seeking to invest in production and value addition.
“This patient capital will also meet empowerment that is, you know, less than 10% or so of interest rates with significant amounts of money. That is very significant and very critical for most businesses that are here in order to be able to manufacture, add value and be able to make export values,” he stated.
Dr Dodoo said the facility forms part of broader measures being pursued by the 24-Hour Economy and Accelerated Export Development Secretariat to increase domestic production and accelerate Ghana’s export development.
He explained that access to finance was one of the key issues that needed to be addressed alongside reliable power, logistics, industrial infrastructure, skills development and market access.
Dr Dodoo further urged manufacturers and exporters to invest in technology, quality, packaging, branding and worker development to improve the competitiveness of Made-in-Ghana products.