Gov’t launches 24-hour economy policy today

Government will officially launch its much-anticipated 24-hour economy policy today, Wednesday, July 2, 2025, marking the start of an ambitious national initiative aimed at boosting job creation, enhancing productivity, and accelerating economic growth.

The policy, a flagship campaign promise of the National Democratic Congress (NDC) during the 2024 elections, seeks to promote round-the-clock business operations across key sectors of the economy.

Today’s launch follows the formal presentation of the final policy document to the Speaker of Parliament, Alban Bagbin, by Presidential Advisor on the 24-hour economy, Dr. Goosie Tanoh.

The 24-hour economy policy is anchored on three core pillars — modernising production systems, improving supply chains and market access, and building a skilled workforce capable of supporting continuous economic activity.

Dr. Tanoh explained that these pillars are supported by eight strategic sub-programmes designed to ensure all sectors of the economy actively contribute to the success of the initiative.

These include transforming agriculture through technology and innovation, strengthening manufacturing and industrial output, and promoting aggressive value addition to local products.

The policy also aims to reshape national work culture and productivity attitudes, while leveraging Ghana’s rich cultural heritage to attract tourism and generate revenue.

Ghana is expected to require $4 billion over the next five years to fully implement the 24-hour economy agenda.

While government has committed $300 million in seed funding, Dr. Tanoh stressed that the bulk of the financing will come from private sector investment.

Speaker of Parliament, Alban Bagbin, who received the policy document, welcomed the initiative but emphasised the need for strong legal backing to ensure its sustainability beyond political transitions.

Meanwhile, business leaders, organised labour, and civil society organisations are expected to participate in today’s launch, which signals the beginning of Ghana’s journey towards an economy that operates efficiently around the clock, creating jobs and driving inclusive growth.