Gov't launches 24-Hour Economy policy today

Ghana’s much-anticipated 24-Hour Economy policy has officially been launched today, Wednesday, July 2, 2025, marking a major step by the government toward reshaping the nation’s economic structure through around-the-clock productivity.

The policy, one of the National Democratic Congress (NDC)’s flagship promises during the 2024 elections, is designed to enable shift-based work across key sectors such as manufacturing, agro-processing, health, transport, retail, and tourism. It aims to create new jobs, boost output, and reduce unemployment through sustained operations during both day and night.

Companies that sign on to the initiative will benefit from a mix of incentives, including tax relief, access to stable electricity, and enhanced security during nighttime operations.

Presidential Advisor on the 24-Hour Economy, Goosie Tanoh, outlined the framework at the launch event, emphasising that the programme rests on three core pillars: “transforming production, improving supply chains and market systems, and strengthening human capital.”

“These foundational anchors are supported by eight strategic sub-programmes,” he said.

Among the sub-programmes are “Grow24,” which targets the modernisation of agriculture; “Make24,” which focuses on industrial development; “Connect24,” aimed at improving logistics and transport systems; and “Aspire24,” which seeks to instil a national mindset of productivity and innovation.

The policy also includes efforts to integrate digital training into the Technical and Vocational Education and Training (TVET) system to ensure Ghanaian youth are prepared for new job opportunities. In addition, the government announced the launch of the “Show Ghana” initiative, aimed at harnessing Ghana’s culture and tourism potential to boost foreign exchange earnings.

During the launch, Speaker of Parliament Alban Bagbin expressed support for the initiative but called for legislative backing to ensure its continuity beyond the current administration.

He encouraged the 24-Hour Economy Secretariat to work with lawmakers to draft a bill that would institutionalise the programme and insulate it from political transitions.

The launch marks what the government has called “the beginning of a new economic era,” with hopes that the initiative will generate sustained employment, drive inclusive development, and position Ghana as a leader in labour and productivity reform across Africa.