24H+ and Hunan Architectural Design Institute Group sign MoU to drive VEC development

24H+ and Hunan Architectural Design Institute Group sign MoU to drive VEC development

The 24H Economy Secretariat, under the Office of the President of the Republic of Ghana, today formalised a Memorandum of Understanding (MoU) with the Hunan Architectural Design Institute Group (HADI Group) of the People’s Republic of China for a state-of-the-art industrial planning of the Volta Economic Corridor (VEC) and infrastructural investments.

The signing ceremony, held in Accra, marks a pivotal step in translating Ghana’s transformative economic agenda into concrete, investment-ready infrastructure.

At the signing ceremony, Chairman He Liu who led the Hunan delegation expressed Hunan Group commitment to Ghana’s development and said the two parties are already connected through shared networks and mutual trust.

“We are ready to partner for the development of Ghana. Seeing the vision reflected here gives us confidence that this collaboration is built on a strong and practical foundation.” – Chairman He Liu, Hunan Architectural Design Institute Group

Presidential Adviser Mr. Goosie Tanoh recalled discussions that laid the groundwork for the MOU signing in January 2026 during a visit to Changsha, China.

“When we sat together in Changsha, we agreed that this relationship must be practical. Three months later, here we are,” he said.

Mr. Tanoh drew parallels between Hunan’s historic transformation from an agrarian heartland to a global hub for engineering and construction, and Ghana’s current development trajectory, emphasising that “the planning came first” as the cornerstone of Hunan’s success and an approach Ghana is deliberately adopting.

“The institution helped plan the infrastructure that built modern Hunan. We are asking them to bring that same capability to Ghana. The work starts now,” Mr. Augustus Goosie Tanoh, Presidential Adviser, 24-Hour Economy & Accelerated Export Development, said.

About the Volta Economic Corridor

The Volta Economic Corridor is the centrepiece of Ghana’s 24-Hour Economy Programme. The national agenda for restructuring how the country produces, processes, and trades. Stretching from the port of Tema through Akosombo, across the Afram Plains, through Yeji, Buipe, and Yapei, and into Tamale, the corridor is designed to be Ghana’s first net-zero green economic corridor.

It will integrate over two million hectares of arable land converted into agroecological parks, connect them to industrial parks, and link both to multimodal transport infrastructure, all financed through structured private investment.

Renewable energy installations along the corridor are targeted to bring power costs below seven cents per kilowatt hour, making manufacturing genuinely competitive. The African Development Bank has committed funding for feasibility studies on the multimodal transport component. The corridor is projected to create over 500,000 direct jobs.

Scope of the MOU

Under the MOU, HADI Group will work with the 24H Economy Secretariat on master planning and spatial layout for the corridor’s key development zones. Specific areas of collaboration include park layout and infrastructure network design for agroecological and industrial parks covering roads, water supply, pipe networks, and sewage treatment systems.

As well as structuring projects under EPC F and EPC I financing models to attract private capital. The agreement also covers technical training and knowledge exchange between Ghanaian planning teams and HADI Group engineers.

Both parties have agreed to commence with pilot projects: two industrial parks and three agroecological parks along the corridor where conceptual design work will begin immediately, allowing both sides to refine the approach before scaling across the full corridor.

The post 24H and Hunan Architectural Design Institute Group sign MoU to drive VEC development appeared first on The Business & Financial Times.

Read Full Story