President John Dramani Mahama has officially appended his signature to the 24-Hour Economy Authority Bill, marking a significant milestone in Ghana’s economic transformation agenda.
The assent moves the policy from political promise to legal reality, setting the stage for implementation of one of the most ambitious economic restructuring strategies in recent years.
Education advocate and social commentator Bright Mumuni has commended the President for what he describes as a bold and forward-thinking decision that reflects leadership focused on long-term national growth. According to him, the 24-hour economy is not merely a campaign idea fulfilled, but a strategic intervention aimed at tackling unemployment and strengthening productivity across key sectors of the economy.
Bright Mumuni emphasized that unemployment remains one of Ghana’s most pressing challenges, particularly among the youth. He noted that joblessness goes beyond financial hardship and can evolve into a national security concern if left unaddressed. In his view, expanding economic activity through structured shift systems will open doors for more employment opportunities while reducing social and economic pressures on young people.
He further stated that the true success of the 24-hour economy will depend largely on private sector participation. While government has created the legal and policy framework, it is businesses that must drive expansion, create jobs, and sustain productivity. He urged Ghanaian companies, manufacturers, financial institutions, and service providers to see the policy as an opportunity for growth rather than an obligation.
Bright Mumuni also highlighted the importance of competitive incentives to attract both local and foreign investors. He explained that clarity in tax structures, energy reliability, infrastructure development, and security assurances will determine how effectively businesses embrace round-the-clock operations. Investor confidence, he noted, is built on consistency and practical implementation.
According to him, infrastructure remains central to the policy’s success. “Reliable electricity supply, improved transportation systems, digital connectivity, and enhanced security must complement the new framework. Without these foundational elements, a 24-hour system would struggle to achieve its intended impact.”
