Edem Agbana Reveals Major Difference Between Mahama’s 24-Hour Economy and New Economy Agenda

The Member of Parliament for Ketu North, Edem Agbana, has clarified the differences between the government’s 24-hour economy policy and its newly introduced New Economy agenda, explaining that the two initiatives have distinct objectives and funding arrangements.

According to the lawmaker, the 24-hour economy programme is primarily driven by private sector investment, while the New Economy agenda is a government-funded initiative designed to inject substantial public investment into the country’s economy.

Speaking on the Big Issue on Saturday, November 14, 2026, Agbana rejected suggestions that the introduction of the New Economy agenda was an indication that the 24-hour economy policy had failed.

He explained that the 24-hour economy programme is expected to mobilise approximately US$4 billion in private sector investment over four years, noting that some businesses enrolled in the initiative had already started expanding their operations.

In contrast, he described the New Economy agenda as a public sector-led programme involving a planned investment of US$10 billion over the next four years, structured around eight strategic pillars.

Agbana stressed that the two programmes are complementary but operate through different approaches, insisting that the New Economy agenda should not be interpreted as a rebranding or replacement of the 24-hour economy policy.

The New Economy programme, introduced by Finance Minister Dr Cassiel Ato Forson, seeks to strengthen domestic production, promote local processing of raw materials, expand employment opportunities and reduce Ghana’s reliance on imported goods.

Its first pillar is focused on consolidating the country’s economic recovery by maintaining inflation at single-digit levels, keeping public debt at approximately 45 per cent of Gross Domestic Product (GDP), sustaining a primary budget surplus of at least 0.5 per cent of GDP and building stronger foreign exchange reserves.

The broader agenda is intended to establish a more productive and resilient economy through targeted investments and policies aimed at strengthening local industries and supporting long-term economic growth.

Source: https://www.citinewsroom.com/2026/11/24-hour-economy-is-private-sector-led-new-economy-govt-funded-agbana/

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