24-Hour Economy open to constructive criticism — Goosie Tanoh

Special Advisor on the 24-Hour Economy, Goosie Tanoh, says his team is ready to embrace constructive criticism following the official launch of the initiative, as such feedback will be crucial to its success.

Speaking at the launch of the programme on Wednesday, July 2, 2025, Mr. Tanoh described the 24-Hour Economy as a dynamic, evolving policy, rooted in science and firm social democratic values but designed to adapt to Ghana’s changing economic and political landscape.

“We at the secretariat are confident that we will continue to receive constructive criticism and suggestions for further improvement. Criticism is always welcome. We see the 24-hour programme as a living programme, enriched in science and firm social democratic principles, but flexible enough to respond tactically to a changing environment,” he stated.

Mr. Tanoh noted that the initiative’s long-term success depends on continuous learning, adaptability, and a willingness to refine strategies based on meaningful feedback.

He also commended President John Dramani Mahama for his leadership, describing him as a visionary committed to building a resilient economy.

The 24-Hour Economy is expected to drive job creation, industrial growth, and economic resilience by promoting round-the-clock economic activity across key sectors.

The policy is one of the National Democratic Congress (NDC) government’s flagship initiatives aimed at modernising industries, creating sustainable jobs, and strengthening Ghana’s competitiveness on the global stage.

Mr. Tanoh explained that the 24-Hour Economy is anchored on three key pillars: transforming production systems, improving supply chain efficiency, and developing a skilled workforce to support a modern, globally competitive economy.

Full implementation is expected to cost approximately $4 billion (GHS 400 billion) over the next five years, with the government committing an initial $300 million as seed funding.

However, private sector investment is expected to play a pivotal role in driving the initiative.