Government will, on Wednesday,July 2, unveil  its long-awaited 24-Hour Economy policy, an ambitious initiative aimed at boosting employment, improving productivity, and driving economic transformation by enabling round-the-clock operations across key sectors.

Positioned as a cornerstone of the opposition National Democratic Congress (NDC)’s economic agenda, the policy is designed to promote shift-based work in industries such as manufacturing, agriculture, healthcare, transportation, and retail. Officials are billing it as a potential “game changer” for the country’s labor market and output capacity.

Companies opting into the program will be offered a suite of incentives, including tax breaks, reliable electricity supply, and heightened nighttime security, according to government representatives.

Goosie Tanoh, Presidential Advisor on the 24-Hour Economy, detailed the policy framework at a formal launch event in Accra, highlighting three central pillars: modernizing production, upgrading supply chains and market systems, and investing in human capital.

“These foundational anchors are supported by eight strategic sub-programs,” Tanoh said.

Key initiatives include:

• Grow24, focused on agricultural modernization;
• Make24, aimed at boosting industrial and manufacturing output;
• Connect24, targeting improvements in logistics and supply chains;
• Aspire24, promoting a national culture of productivity.

A major component of the policy involves integrating digital competencies into Ghana’s Technical and Vocational Education and Training (TVET) system to align with labor market demands. Officials also announced the “Show Ghana” initiative, intended to monetize the country’s cultural heritage through tourism and creative industries.

Speaker of Parliament Alban Bagbin voiced support for the initiative but urged the administration to pursue legislative backing to ensure the program’s longevity and institutional resilience.

Source:TheDotNews