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The government has officially launched the much-anticipated 24-Hour Economy policy, with President John Dramani Mahama assuring that the private sector will be at the heart of its implementation.
Speaking at the launch ceremony in Accra on Wednesday, July 2, 2025, President Mahama emphasized that the role of government will be facilitative, not dominant, in creating the right conditions for businesses to thrive under the 24-Hour Plus programme.
He further explained that while government will provide some financial support to kick-start the initiative, this will mainly serve as seed funding to stimulate larger private investment and help build the bulk infrastructure required.
“The private sector will lead the 24-Hour Plus programme. Government will facilitate and not dominate,” the President stated.
He added “Any government funding in 24-hour plus will be catalytic, serving as seed funding for the 24-hour plus authority and support bulk infrastructure”.
The 24-Hour Economy is one of the flagship initiatives of the National Democratic Congress (NDC) administration, designed to tackle unemployment, modernize industries, and position Ghana as a strong competitor in the global economy.
Presidential Advisor on the 24-Hour Economy, Dr. Goosie Tanoh, explained that the policy focuses on three main pillars: transforming production systems, improving supply chains and market efficiency, and building a highly skilled workforce ready to meet the demands of a modern, around-the-clock economy.
The policy is expected to require an estimated $4 billion (approximately GHS 400 billion) over the next five years for full implementation.
The government has committed an initial $300 million to initiate the process, with the bulk of financing expected to come from the private sector.
Developed through extensive consultations with industry players, labour unions, business leaders, and citizens, the 24-Hour Economy reflects Ghana’s current economic realities and aspirations for inclusive growth.
