By Francis Kobena Tandoh
The 24-hour economic policy will propel Ghana toward full employment and inclusive economic growth, according to President John Dramani Mahama, as announced on Wednesday.
In an engagement with stakeholders on the implementation of his flagship 24-hour economic policy, he observed that the policy is both a long-term national goal and a comprehensive programme aimed at transforming Ghana’s productive sectors.
The Ghanaian leader described the policy as both a destination and a programme, saying that it will engender rapid socio-economic growth.
“As a destination, the 24-hour economy reflects a state where Ghana’s productivity and capital utilisation will become so high that we will operate in multiple shifts across day and night, maximising the return on infrastructure, human resources, and innovation,” said President Mahama.
He explained that, as a destination, the policy envisions a future where Ghana operates around the clock, maximising productivity, infrastructure usage, and human capital through multiple shifts across day and night.
This, he said, would not only raise capital efficiency but also move the country closer to full employment and inclusive economic growth.
President Mahama emphasised that the idea caught the public’s imagination during the 2024 election campaign and remains a central pillar of his economic transformation agenda.
He further stressed that, as a programme, the 24-hour economy requires “deep and deliberate restructuring” of Ghana’s economic systems, which would involve reengineering the country’s production base to focus on higher volumes and greater product diversity.
“We must reengineer our productive systems from top to bottom—boosting volumes and diversity—and shift from reliance on raw materials towards the export of value-added products, wholesome foods, pharmaceuticals, garments, industrial inputs, and digital services,” he added.
The policy, according to Mahama, is not just a slogan but a practical roadmap that demands strategic planning and investment to reshape Ghana’s economic future.
The 24-hour economy policy has continued to stir national debate, with proponents highlighting its potential to create jobs and modernise industries, while critics raise concerns about implementation capacity and energy demands. Enditem
Source: Ghana Eye Report
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