President John Dramani Mahama has clarified that Ghana’s 24-Hour Economy initiative is not merely about extending business hours but represents a bold plan to drive productivity, generate jobs, and promote inclusive economic growth.
Speaking at the official launch of the policy on Wednesday, July 2, 2025, President Mahama stressed that the programme is designed to transform Ghana’s economic structure, unlock new opportunities, and stimulate development across multiple sectors.
“The 24H plus aganda is not simply extending working hours, it’s about unleashing productivity, expanding opportunities, accelerating exports through well structured multi sectoral and inclusive interventions. And so we would have national consultations and co design,” the President explained.
The 24-Hour Economy is one of the flagship policies of the National Democratic Congress (NDC) administration, aimed at tackling unemployment, modernising industries, and strengthening Ghana’s position in the global marketplace.
Presidential Advisor on the 24-Hour Economy, Dr. Goosie Tanoh, outlined that the initiative focuses on three key areas: transforming production systems, improving supply chains and market efficiency, and developing a highly skilled workforce prepared for the demands of a modern, round-the-clock economy.
To fully implement the policy, Ghana will require an estimated $4 billion (approximately GHS 400 billion) over the next five years.
The government has committed an initial $300 million to kick-start the process, but Dr. Tanoh emphasised that private sector participation is critical to the initiative’s success.
The policy was crafted through extensive consultations with industry players, labour unions, business leaders, and citizens to ensure it reflects the economic realities and aspirations of Ghanaians.
The launch marks the beginning of a nationwide rollout of interventions aimed at building a resilient, competitive economy that works for Ghanaians — 24 hours a day, 7 days a week.
