The Government of Ghana has signed a Memorandum of Understanding (MoU) with the Arab Bank for Economic Development in Africa (BADEA) to accelerate the country’s 24-Hour Economy and Accelerated Export Development Programme (24H+).
The agreement, signed at the Bank of Ghana in Accra, establishes a framework for collaboration in financing, trade support, and capacity building aimed at modernizing key sectors of the economy and creating jobs.
Presidential Advisor on the 24H+ Programme, Mr. Goosie Tanoh, said the partnership would have a direct impact on businesses and households.
“This MoU opens new doors for the Ghanaian entrepreneur who wants to expand production, the farmer looking to grow her shop, and the young innovator with an idea that can change our country,” he said, thanking BADEA for its confidence in Ghana’s economy.
Leading the bank’s delegation, BADEA President H.E. Abdullah Almusaibeeh praised Ghana’s inclusive growth agenda.
“With this memorandum of understanding, we are laying the foundation for a new and promising chapter in Arab-African cooperation,” he noted.
The collaboration will provide technical assistance to boost implementation capacity, trade finance to safeguard food security and balanced trade, affordable financing to help small businesses expand and create jobs, and support for public-private partnerships to drive infrastructure development.
The Second Deputy Governor of the Bank of Ghana, Mrs. Matilda Asante-Asiedu, said the central bank would ensure a stable financial environment to support the programme.
“This signing is more than symbolic; it demonstrates our shared commitment to Africa’s structural transformation,” she said.
Government officials described the MoU as a critical step in mobilizing investment to enhance competitiveness, expand exports, and create opportunities for Ghana’s youth and women.
About BADEA
The Arab Bank for Economic Development in Africa is owned by Arab member states of the Organization of Arab Petroleum Exporting Countries (OAPEC).
It promotes economic cooperation between Arab and African nations through financing and technical support.
