Thursday, 29 May

Mahama launches Volta Lake economic corridor to anchor 24-hour economy vision

Business
President Mahama unveiling Volta Lake corridor at Jubilee House

President John Dramani Mahama has unveiled a bold new initiative aimed at transforming Ghana’s economic future: the Volta Lake Economic Corridor.

The announcement came during a multi-sectoral stakeholder engagement at the Jubilee House focused on the implementation of the 24-hour economy policy.

Mr. Mahama described the Volta Lake as the future epicentre of Ghana’s national production zone and logistics network.

The corridor, he said, will unlock the potential of more than 2 million hectares of arable land along the lakeside for agricultural production, revitalising the fisheries sector and supporting the creation of new industrial parks.

“Volta Lake will no longer be just a water body,” President Mahama declared.

“It will be a strategic transport highway – efficiently moving food, goods, and people – and easing the pressure on our overstretched road infrastructure.”

Key components of the initiative include the deployment of new floating assets, the construction of modern lake ports, and the formation of long-term investment partnerships with the Volta River Authority and private sector investors.

These efforts, Mahama said, will help create thousands of jobs and support the government's broader push for round-the-clock economic activity.

The Volta Lake Economic Corridor is a flagship project under the wider 24-hour economy agenda, which seeks to boost productivity and employment through continuous operations in key sectors.

Mahama indicated that priority value chains will be identified in each region, spanning agro-processing, pharmaceuticals, textiles, light manufacturing, tourism, digital services, and the creative economy.

 

 

Source: Classfmonline.com/Pearl Ollennu