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IERPP Demands Full Account of 24-Hour Economy Spending

The Institute of Economic Research and Public Policy is urging the government to publish a detailed report on the programme’s financing and implementation, citing discrepancies in budget figures.

Prof Isaac Boadi speaking at a news conference in Accra
IERPP Demands Full Account of 24-Hour Economy Spending

The Institute of Economic Research and Public Policy (IERPP) has called on the Ghanaian government to release a comprehensive report detailing the financing and implementation of the 24‑Hour Economy programme. The institute wants the state to disclose the amounts disbursed, the expenditure incurred and the projects completed under the flagship initiative.

Executive Director Prof. Isaac Boadi made the appeal during a news conference in Accra on Tuesday, October 27. He highlighted a gap between the GH¢90 million allocation shown in the detailed expenditure tables of the 2026 Budget and the GH¢110 million cited in the Budget Speech, arguing that the budget does not even agree with itself.

The detailed tables allocate GH¢70 million for goods and services and GH¢20 million for capital expenditure under the 24H+ Economy line, bringing the total to GH¢90 million. The Budget Speech, however, states that GH¢110 million has been allocated for the programme. “An allocation is not a release, and a release is not expenditure,” Prof. Boadi said.

IERPP is demanding that the government reconcile the figures and disclose the actual amounts released and spent, as well as the results achieved. The ministry has described the GH¢110 million as a facilitating allocation rather than the full funding for the programme, with additional financing expected from private investors and development partners. The explanation, however, does not resolve the difference between the two figures in the budget documents.

By making the financial and implementation information public, IERPP says the public can track how resources are being used and assess progress, thereby strengthening transparency and accountability.

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Daniel

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