In a bold move to stimulate economic growth and create jobs, President John Mahama has announced plans to introduce a 24-hour economy in Ghana.
This initiative is expected to transform the country’s economic landscape by creating an enabling environment for businesses and public institutions to operate around the clock.
Speaking on the floor of Parliament during the State of the Nation Address, John Mahama said, the 24-hour economy will be a game-changer for Ghana’s economy, which has been struggling to recover from the devastating effects of the COVID-19 pandemic.
The President believes that by extending the operating hours of businesses and public institutions, the country can increase productivity, boost economic activity, and create new job opportunities.
The introduction of the 24-hour economy is also expected to have a positive impact on Ghana’s tourism industry.
With businesses and public institutions operating around the clock, tourists will have more opportunities to explore the country’s attractions, shop, and dine, thereby boosting the local economy.
To facilitate the implementation of the 24-hour economy, John Mahama has announced plans to invest in critical infrastructure, including roads, bridges, and public transportation.
The President has also promised to provide incentives to businesses that operate around the clock, including tax breaks and subsidies.
While the introduction of the 24-hour economy is expected to have numerous benefits, there are also concerns about the potential impact on workers’ rights and the environment.
Critics argue that extending working hours could lead to worker fatigue, decreased productivity, and negative impacts on the environment.
However, John Mahama has assured Ghanaians that the government will put in place measures to protect workers’ rights and mitigate the environmental impact of the 24-hour economy.
The President has promised to work with stakeholders, including labour unions and environmental groups, to ensure that the introduction of the 24-hour economy is done responsibly and sustainably.
-BY Daniel Bampoe
