President John Dramani Mahama has signed the 24-Hour Economy Authority Bill into law, a cornerstone of his government’s economic transformation agenda.
The law establishes the 24-Hour Economy Authority to implement the 24-Hour Economy and Accelerated Export Development Programme, aimed at boosting industrial output, encouraging round-the-clock business operations, and creating employment, particularly for young people.
The initiative also seeks to reduce Ghana’s reliance on low-value exports and costly imports while stimulating domestic productivity and investment.
Speaking after signing on Thursday, February 19, at the Presidency, President Mahama said, “This is a bill Ghanaians have been waiting for. It was one of our flagship strategies for economic transformation.”
He added, “From now we must move from strategy to implementation. The business sector is waiting, the Ghanaian investor is waiting, foreign investors are waiting.”*
Parliament passed the bill on February 6, 2026, following extensive debate between the Majority and Minority caucuses. With the law now in effect, the government is expected to roll out operational guidelines, regulations, and incentive structures to ensure the Authority becomes fully operational.
