President John Dramani Mahama addressed the nation on Wednesday, May 7
President John Dramani Mahama has announced that the government is finalising an incentive package for businesses under the 24-Hour Economy policy, marking a major step in the policy’s implementation.
Addressing the nation on Wednesday, May 7, 2025, to commemorate his first 120 days in office, President Mahama said the Minister of Finance and the Presidential Advisor on the 24-Hour Economy were completing works on a set of incentives targeted at enhancing business participation.
Among the measures outlined is a collaboration between the Minister of Energy and Green Transition, and the Public Utilities Regulatory Commission (PURC) to introduce smart metering and a Time of Use (ToU) tariff regime to offer lower electricity rates during off-peak hours, thereby incentivising businesses to operate around the clock.
“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,” Mahama announced.
As part of the initial rollout, he said several government institutions have already transitioned to 24-hour operations.
“The Ghana Investment Promotion Centre has introduced 24-hour premium services to eliminate processing delays for investors. The Ministry of Foreign Affairs has rolled out a 24-hour passport service, and the DVLA has extended its working hours, clearing an 18-month backlog of license applications,” he stated.
The 24-Hour Economy initiative is a flagship policy of the Mahama administration, aimed at driving structural transformation across critical sectors such as agriculture, manufacturing, and tourism.
SP/AE
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