Ghana's ambitious 24-Hour Economy policy and industrial transformation agenda depend entirely on reliable, affordable, and sustainable electricity, according to Mr. Edward E. Obeng-Kenzo, Chief Executive of the Volta River Authority (VRA).
Mr. Obeng-Kenzo stressed that without uninterrupted power supply, the nation's goal of becoming a competitive, industrial, and export-driven economy will remain unattainable. He warned that critical sectors like manufacturing, healthcare, transportation, and data centers cannot function continuously without dependable electricity infrastructure.
This pronouncement comes as Ghana seeks to accelerate economic growth and create jobs through extended operational hours across various industries. The government's 24-Hour Economy and Accelerated Export Development Programme aim to reposition Ghana in the global market. However, the VRA's assessment highlights a fundamental challenge that must be addressed for these initiatives to succeed.
Mr. Obeng-Kenzo made these remarks during his keynote address at the second Ghana Institution of Engineering (GhIE)-Professor Douglas Boateng Lecture Series in Accra on July 20, 2026. He underscored that reliable power is the lifeblood of any successful economy, directly linking the success of the 24-hour economy to the availability and affordability of electricity.
The VRA has played a central role in Ghana's energy development for over six decades, evolving from hydroelectric generation to include thermal and renewable energy sources. The Authority currently boasts an installed capacity of approximately 2,547 megawatts, supplying power to Ghana and some neighboring countries.
Despite this capacity, Mr. Obeng-Kenzo noted that significant investment is still required. He pointed to the need for grid modernization, advanced battery storage systems, and digital monitoring technologies to meet future energy demand. These investments are crucial for building a cleaner, more resilient, and reliable power system capable of supporting continuous industrial activity.
The energy sector is no longer merely a support system; it has become a key driver of industrialization, job creation, investment, and regional integration. The VRA is actively investing in renewable energy and modernizing its generation facilities to deploy smart technologies. This strategic shift aims to ensure a stable and consistent power supply.
The implications are clear: without substantial and timely investment in the power sector, the 24-Hour Economy policy risks falling short of its objectives. Decision-makers and markets will closely watch the government's response to these infrastructure needs. The ability to provide consistent power will directly influence investor confidence and the operational viability of businesses planning to adopt extended hours.
Mr. Obeng-Kenzo reaffirmed the VRA's commitment to powering Ghana's economic transformation. He stated, "Just as the Volta River continues to flow day and night, season after season, so too must our commitment to powering Ghana's development remain unwavering. People may rest, but progress cannot sleep; neither can power." This commitment highlights the critical role the VRA plays in the nation's future economic landscape.