{"id":154072,"date":"2024-02-21T08:48:11","date_gmt":"2024-02-21T08:48:11","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/02\/21\/mahamas-24-hour-economy-policy-lacks-clarity\/"},"modified":"2024-02-21T08:48:11","modified_gmt":"2024-02-21T08:48:11","slug":"mahamas-24-hour-economy-policy-lacks-clarity","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/02\/21\/mahamas-24-hour-economy-policy-lacks-clarity\/","title":{"rendered":"Mahama&#8217;s 24-hour economy policy lacks clarity"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Nana Akomea, Vice Chairman of the \u2018Bawumia 2024 Campaign Team,\u2019 has expressed scepticism regarding the feasibility of the 24-hour economy proposal by the flagbearer of the National Democratic Congress, John Dramani Mahama.<\/p>\n<p>In an interview on <strong>Face to Face<\/strong> on <strong>Citi TV<\/strong> with Umaru Sanda Amadu, the former Okaikwei South MP said the former President\u2019s proposal lacked clarity and questioned the practicality of legislating market conditions.<\/p>\n<p>\u201cWhat will emerge in the campaign is Mahama says 24-hour economy. Me, I don\u2019t understand it. When you ask them, they say it means people selling \u2018waakye\u2019 can do so throughout the night. When you ask another, they say farmers can farm throughout the night.<\/p>\n<p>\u201cThey say they will put street lights there, give free electricity and all of that. Depending on who you speak to, they give you all kinds of explanations. Oye Bampoe Addo said this week that farmers can farm throughout the day. So it\u2019s not very clear. You can\u2019t legislate market conditions, you can\u2019t pass a law and say Citi FM and all radio stations should run 24 hours.\u201d<\/p>\n<p>In evaluating the visions of the two main flagbearers, Nana Akomea emphasized that the focus should be on what they bring to the table and their offer propositions.<\/p>\n<p>He added that the hullabaloo on Bawumia being part of the current economic mess will soon die off.<\/p>\n<p>\u201cWhat are the two gentlemen bringing to the table, what are their visions? What are the offer prepositions? This business that oh Bawumia is part of Akufo-Addo, he\u2019s part of the difficulty. If you listen to the NDC, Bawumia is responsible for the difficulty. All of that will die down,\u201d he said.<\/p>\n<p>Akomea underscored the significance of Bawumia\u2019s proposal to stabilize the economy using gold. He explained Bawumia\u2019s intention to establish a gold purchase programme by the Bank of Ghana, emphasizing the revolutionary nature of the idea.<\/p>\n<p>\u201cBawumia\u2019s message is that I\u2019m going to put this country on the gold standard. One of the biggest things we have in this country that affects the cost of living is the instability of the cedi. Because we are an import-dependent economy. We import so much, so there\u2019s a demand for dollars and makes the cedi weak.<\/p>\n<p>\u201cOne way of holding your currency is by pitching it on gold. We produce the best gold in the world. We have 8 tons. The whole concept of using gold as a stabilising force for the currency has not occurred to us since Dr Kwame Nkrumah\u2019s time.<\/p>\n<p>\u201cBawumia says I\u2019m going to have a gold purchase programme by the Bank of Ghana (BoG). He\u2019s going to tap into the gold, he\u2019s not going to encourage foreigners. He\u2019s going to have foreigners come into the country with their expertise and capital.<\/p>\n<p>\u201cThe ownership will be Ghanians. We will mine the gold for our reserves, and fix the cedi. These ideas are revolutionary,\u201d the former MP Okaikwei South said.<\/p>\n<p><em><strong>\u2014\u2014\u2014<\/strong><\/em><\/p>\n<p><em><strong>Explore the world of impactful news with CitiNewsroom on WhatsApp!<\/strong><\/em><\/p>\n<p><em><strong>Click on the link to join the Citi Newsroom channel for curated, meaningful stories tailored just for YOU: https:\/\/whatsapp.com\/channel\/0029VaCYzPRAYlUPudDDe53x<\/strong><\/em><\/p>\n<p><em><strong>No spams, just the stories that truly matter! #StayInformed #CitiNewsroom #CNRDigital<\/strong><\/em><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Nana Akomea, Vice Chairman of the \u2018Bawumia 2024 Campaign Team,\u2019 has expressed scepticism regarding the feasibility of the 24-hour economy proposal by the flagbearer of the National Democratic Congress, John Dramani Mahama. In an interview on Face to Face on Citi TV with Umaru Sanda Amadu, the former Okaikwei South MP said the former President\u2019s [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":154073,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-154072","post","type-post","status-publish","format-standard","has-post-thumbnail","category-local-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Mahama&#039;s 24-hour economy policy lacks clarity - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2024\/02\/21\/mahamas-24-hour-economy-policy-lacks-clarity\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mahama&#039;s 24-hour economy policy lacks clarity - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"Nana Akomea, Vice Chairman of the \u2018Bawumia 2024 Campaign Team,\u2019 has expressed scepticism regarding the feasibility of the 24-hour economy proposal by the flagbearer of the National Democratic Congress, John Dramani Mahama. 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