President John Dramani Mahama has inaugurated the 24-Hour Economy and Accelerated Export Development Programme, a radical economic agenda to revitalize Ghana’s economy.
The President stated that the initiative is more than just a policy as he spoke at the introduction of the 24-hour policy on Wednesday, July 2.
According to him, the program is a well-thought-out policy designed to reset the country and enable Ghana to realize its full potential for productivity.
“This is more than a policy initiative, it is a national reset, a bold strategic shift to unlock our country’s full productive potential.
“Today, we reclaim our founder’s vision of a self-reliant, industrious and inclusive African nation that works with its creativity and ensure prosperity for all,” he stated.
The policy, according to President Mahama, is a daring and well-thought-out strategy required to break down the silos of earlier policies.
“The 24hour plus programme is that collective answer. And so we have moved from to slogan to strategy today.
“This launch is not the end but a beginning of a national mobilization,” he stated.
He emphasized that with well-planned, multi-sectoral, and inclusive interventions, the 24-hour program offers the chance to boost productivity and increase exports in addition to expanding working hours.
The program, a signature project of the administration of President John Dramani Mahama, aims to re-engineer the productivity architecture of the nation by integrating important sectors into a seamless value chain and expanding economic activity beyond regular business hours.
The government is spending between $300 million and $400 million as seed capital to close viability gaps and encourage private sector participation, with a total estimated cost of $4 billion.
The 24H+ program aims to create 1.7 million high-quality jobs in four years and is positioned as a national economic agenda.
It focuses on key value chains in manufacturing, logistics, textiles, medicines, infrastructure, and agriculture.
The goal of the program is to maximize the potential of every Ghanaian, at whatever time of day, and to increase exports while decreasing dependency on imports.
