President John Mahama has announced significant advancements in implementing his administration’s transformative 24-hour economy policy, delivering on a key campaign promise within his first 120 days in office.
The program rollout has commenced in earnest,” President Mahama said.
“We promised to commence drafting the needed legal amendments and prepare for implementation within the first 120 days – and we have delivered on that promise.”
The President confirmed that Cabinet has approved crucial amendments to both the Ghana Investment Promotion Center Act and the Labor Act.
These amendments aim to enhance social protection, create an enabling environment for the 24-hour economy policy, and promote conducive business and labor relations,” he explained.
Several government agencies have already transitioned to 24/7 operations with remarkable results.
“The Ghana Investment Promotion Center has launched 24-hour premium services to eliminate processing delays for investors,” Mahama reported.
The Ministry of Foreign Affairs has launched a 24-hour passport service, and the DVLA used extended hours to clear an 18-month backlog of licenses.”
The employment potential of the policy is already materializing.
“The Youth Employment Agency is set to launch the graduates in corporate support program, which will attach graduates to firms operating 24 hours a day,” the President announced.
Energy incentives are being developed to encourage participation, per the President.
“The Minister of Energy is engaging the PURC to set up smart metering with time-of-use tariffs, charging lesser rates during off-peak hours,” the President revealed.
This provides direct incentive for enterprises on the 24-hour economy policy.”
The policy has already attracted strong private sector interest. “Already, several businesses are lining up to sign on to this policy,” Mahama noted.
“We are pursuing new avenues of job creation, expanding employment opportunities, particularly for young graduates, and empowering the private sector as a key driver of sustainable job creation.”
Looking ahead, the President emphasised: “This program is designed to drive structural transformation across our economy, built on pillars aimed at revamping key sectors such as agriculture, manufacturing and tourism.
