Accra: The Volta River Authority (VRA), the 24-Hour Economy Secretariat (24H+), and the Ghana Infrastructure Investment Fund (GIIF) have begun negotiations to develop the Volta Economic Corridor, a major project aimed at creating jobs, boosting industries, and improving trade across Ghana.
According to Ghana Web, the three institutions met on August 5, 2026, to initiate discussions on a Master Concession Agreement that will guide the development of the project. They aim to finalize the negotiations within three weeks and sign the agreement by August 26, 2026. The Volta Economic Corridor was approved by Cabinet in 2025 as Ghana's first net-zero economic corridor.
The initiative is expected to make better use of the Volta Lake and surrounding land by improving transportation, supporting agriculture, encouraging industrial development, and increasing trade with neighboring countries. Chief of Staff, Dr. Julius Debrah, stated that the project is a key priority for President John Dramani Mahama's government and would help unlock the full economic value of the Volta Lake.
Presidential Adviser on the 24-Hour Economy, Augustus Goosie Tanoh, mentioned that the negotiations mark an important step towards attracting private investment while protecting the country's interests. The Volta River Authority assured the public that the development of the Volta Economic Corridor would not interfere with its core mandate of generating electricity.
The VRA confirmed that the operation and management of the Akosombo Dam would remain under its control, with measures in place to ensure that power generation is protected throughout the implementation of the project. The Ghana Infrastructure Investment Fund stated it would focus on mobilizing private capital and strategic investments to support the project without increasing the government's debt burden.
The Fund emphasized that the partnership among the institutions would help create a sustainable financing model to develop infrastructure, attract businesses, and unlock new economic opportunities across the Volta Basin.