Ghana's 24-Hour Economy Markets: Innovation Meets Local Needs
Ghana's ambitious 24-Hour Economy Market initiative is gaining momentum, with multiple development models offering flexible solutions for different regions. The project represents a significant step forward in modernizing Ghana's commercial infrastructure while creating thousands of jobs across the country.
Four Strategic Models Drive Economic Growth
Daniel Yao Dushie, Deputy Managing Director of PPMC International Limited, outlined four innovative market models during the Volta Region's second Regional Coordinating Council meeting. The models range from GH¢11 million to GH¢39 million, designed to accommodate different municipal capacities and growth ambitions.
"Model Three at GH¢28 million offers the best scalability for regional assemblies," Dushie explained. "Assemblies can start with 100 or 138 shops and expand as funding becomes available, ensuring sustainable development over the three-year project timeline."
Aflao Market: A Gateway to Regional Trade
The flagship GH¢110 million Aflao 24-Hour Economy Market exemplifies Ghana's commitment to cross-border trade facilitation. With Chinese government backing of approximately GH¢30 million for Phase One, this comprehensive facility will accommodate:
- 4,000 traders in open market spaces
- 500 modern shops
- 360 dedicated farmers' market stalls
- Integrated transport terminal for buses, taxis, and tricycles
- Security services including police and fire stations
The project has completed feasibility studies and received Chinese government approval, with land acquisition processes currently underway. Traditional authorities are engaging with government officials to finalize compensation agreements, demonstrating collaborative governance in action.
Local Leaders Advocate for Customized Solutions
Municipal and District Chief Executives are actively shaping the initiative to meet local needs. Rev Martin Amenaki, Municipal Chief Executive for Ketu North, advocates for Model Two adoption in his municipality, citing superior space allocation and functional separation.
"We're planning for the future, not just today," Rev Amenaki stated. "Our six-acre site can accommodate Model Two's four-acre requirement while leaving room for expansion. This approach delivers the full promise of the 24-Hour Economy policy to our people."
Innovation Through Flexibility
The modular approach reflects Ghana's commitment to inclusive economic development, allowing assemblies to begin construction within their means while maintaining expansion capabilities. This strategy aligns with international best practices in infrastructure development, ensuring sustainable growth across different economic contexts.
As Ghana positions itself as West Africa's commercial hub, these 24-Hour Economy Markets represent more than infrastructure projects. They embody the country's vision of creating modern, efficient trading environments that serve local communities while attracting regional and international business.
The initiative demonstrates how strategic partnerships, particularly with international development partners like China, can accelerate Ghana's economic transformation while maintaining local ownership and customization of development projects.