President John Dramani Mahama has announced plans to establish a 24-Hour Authority to drive the implementation of the government’s flagship 24-Hour Economy policy, a move aimed at stimulating economic activity, expanding job creation, and attracting investment across the country.
The President made the disclosure on Thursday, January 8, during a visit to the Ghana Publishing Company, where he commended management for adopting forward-looking operational strategies, including a two-shift system, in anticipation of the policy’s rollout.
According to him, the proposed Authority will serve as the central coordinating body for the 24-Hour Economy, with responsibility for registering participating businesses, setting operational guidelines, and administering incentives to encourage round-the-clock economic activity.
President Mahama said the initiative is expected to boost productivity, unlock employment opportunities, and position Ghana as a competitive hub for continuous business operations.
“I like the innovative thinking that you have brought into this establishment. Of course, the 24-Hour Initiative is one of the flagship economic policies of this government. I am happy to note that the committee has finished considering it and it is supposed to go to the floor of parliament to set up the 24-Hour Authority which would then open the way for implementation and registration of businesses that would be involved in the 24-Hour Economy. It will also spell out what kind of incentive that can be given,” he stated.
The 24-Hour Economy policy is a central pillar of the Mahama administration’s economic agenda, targeting growth in both the formal and informal sectors. Once established, the 24-Hour Authority is expected to play a regulatory and facilitative role in ensuring the effective and sustainable implementation of the policy nationwide.
