Reliable electricity key to 24-hour economy – Asantehene woos investors

Asantehene Otumfuo Osei Tutu II, has urged investors to support Ghana's energy sector, emphasizing its critical role in the successful implementation of the 24-hour economy.

Speaking at a meeting with officials from Dream Power Africa, a solar energy company, on Wednesday, May 21, at the Manhyia Palace, the Asantehene stressed that reliable electricity is essential for national development.

“Currently, the government has been talking about a 24-hour economy. If that is going to be successful, then energy must also be available in rural areas, and industries will need it to function efficiently.

“So, from a wider perspective, it will all help in the development of this country,” he stated.

The National Democratic Congress (NDC) made the 24-hour economy a key policy promise in the lead-up to the 2024 general elections. The initiative seeks to stimulate continuous economic activity across sectors such as manufacturing, agriculture, healthcare, and ICT by encouraging businesses and public institutions to operate in shifts around the clock.

President John Dramani Mahama has described the 24-hour economy as part of a broader industrialisation drive and a solution to Ghana's youth unemployment challenge.

He has clarified that the policy would be voluntary for businesses and supported by appropriate legal and policy frameworks.

Although the policy is yet to be implemented, President Mahama has appointed Augustus “Goosie” Tanoh as the Presidential Advisor on the 24-Hour Economy and Accelerated Export Development, tasking him with leading the rollout of this flagship initiative.

—citinewsroom