{"id":129066,"date":"2023-12-08T19:27:01","date_gmt":"2023-12-08T19:27:01","guid":{"rendered":"https:\/\/www.ghanamma.com\/2023\/12\/08\/we-shall-vigorously-pursue-the-24-hour-economy-john-mahama\/"},"modified":"2023-12-08T19:27:01","modified_gmt":"2023-12-08T19:27:01","slug":"we-shall-vigorously-pursue-the-24-hour-economy-john-mahama","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2023\/12\/08\/we-shall-vigorously-pursue-the-24-hour-economy-john-mahama\/","title":{"rendered":"We shall vigorously pursue the 24-hour economy \u2013 John Mahama \u2013"},"content":{"rendered":"

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Former President\u00a0John Dramani Mahama\u00a0has reiterated that his 24-hour\u00a0economy\u00a0proposal is a game-changer for the Ghanaian economy.<\/strong><\/p>\n

He said that it would benefit\u00a0businesses\u00a0and create employment for the\u00a0youth\u00a0who are seeking jobs.<\/p>\n

\u201cWe shall vigorously pursue the 24-hour economy, amongst many other initiatives, as part of our broader vision and determination to increase economic growth, create jobs, and improve the quality of life of Ghanaians,\u201d the flagbearer of the National Democratic Congress (NDC) said on his X platform.<\/p>\n

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The 24-hour economy is a game-changer for the Ghanaian economy. It will benefit your businesses, employment and the enjoyment of the youth who are seeking jobs.<\/p>\n

We shall vigorously pursue the 24-hour economy, amongst many other initiatives, as part of our broader vision and\u2026<\/p>\n

\u2014 John Dramani Mahama (@JDMahama) December 7, 2023<\/a><\/p>\n<\/blockquote>\n

Mr Mahama proposed the \u201924hr Economy \u2018 project when he met with officials of the country\u2019s mother workers union on Tuesday, November 7, 2023 at the start of his engagement with key stakeholders in a quest to return to power.<\/p>\n

The NDC subsequently explained that the 24-hour economy proposal will focus on 13 industries.<\/p>\n

The party said the proposal is part of an ambitious drive by the next Mahama administration to take Ghana to the next level in the global economy.<\/p>\n

According to information contained in a Frequently Asked Questions (FAQs) sighted by 3News.com, \u201cThe 24-hour economy will therefore primarily, but not exclusively, focus on: \u201c 24-hour Agro-processing, 24-hour Pharmaceutical industry, 24-hour Manufacturing industry, 24-hour Construction, 24-hour Extractive industry (mining and quarrying), 24-hour Sanitation and waste management and 24-hour Leisure and hospitality industry.\u201d<\/p>\n

The rest are; 24-hour Digital start-ups and Business Process Outsourcing (BPO), 24-hour Financial services, 24-hour Retail centers, 24-hour Transportation services, and selected public institutions with large customer traffic such as Ports and Harbors, Customs, Passport Office, DVLA, among others will be part of the 24-hour economy.\u201d<\/p>\n

\u201cThe 24-hour Economy will be a deliberate policy intervention by the next NDC\/Mahama government to encourage and support certain businesses and companies to operate 24\/7, preferably in a three-shift system of 8 hours each, by creating an enabling environment that promotes productivity, competitiveness and well-paying jobs,\u201d the document further clarified.<\/p>\n

\u201cThe 24-hour economy will also be implemented within the context of other national development initiatives, such as education and training, health services, agriculture, the provision of affordable housing for workers, efficient public transport, efficient justice delivery, among others,\u201d the party noted.<\/p>\n

The information in the document further indicated that \u201cGhana\u2019s economy will be mainly anchored on Mahama\u2019s overarching vision to create sustainable jobs for Ghanaians. This will be achieved through his agenda to: modernize and mechanize agriculture; provide incentives for the private sector to thrive; promote agro-processing and manufacturing; transform Ghana into an import substitution and export-led economy, among others.\u201d<\/p>\n

According to the NDC, \u201cThis will stabilize our national currency, improve our reserves, bring down inflation and interest rates, create more employment opportunities and improve livelihoods.<\/p>\n

The major opposition party noted that, \u201cIt is all part of an ambitious drive by the NDC\/Mahama administration to take Ghana to the next level in the global economy.\u201d<\/p>\n

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