President John Dramani Mahama has officially launched Ghana’s long-awaited 24-Hour Economy policy, promising a transformative approach to job creation, productivity and national development.
The launch event, held in Accra on Wednesday, July 2, marked a major policy shift aimed at stimulating around-the-clock economic activity in key sectors such as manufacturing, agriculture, logistics, and ICT. The initiative is expected to create up to 1.7 million jobs within four years.
President Mahama described the policy as a carefully considered strategy drawn from lessons during his previous administration. “We have moved from slogan to strategy,” he told stakeholders at the launch, adding that implementation would be critical to the success of the initiative.
The government has pledged between US$300 million and US$400 million in seed funding, with nearly US$2 billion already committed by private investors. The policy framework is built on eight core pillars including Grow24, Make24, Fund24, and Aspire24 designed to expand exports, support entrepreneurship, and enhance public service delivery.
Sectors such as agro-processing, creative arts, and digital services are set to benefit from targeted support measures, including tax incentives, off-peak utility discounts, and digital training programmes for youth and small businesses.
Parliament Speaker Alban Bagbin called for legislation to secure the sustainability of the 24-Hour Economy beyond the current government, while other figures such as Goosie Tanoh and Henry Osei Akoto praised the policy as a bipartisan and people-focused response to youth unemployment and economic stagnation.
President Mahama concluded by urging Ghanaians to embrace the new policy and support its rollout. “This is not just about working longer hours,” he said. “It’s about building a nation that never sleeps in its pursuit of prosperity.”
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