24-hour economy will help Ghana become export-oriented – Mahama

Since announcing his “game-changing” policy, the governing New Patriotic Party has criticized the policy indicating that some businesses already operate 24 hours hence it is nothing new.

On the other hand, the Trade Union Congress (TUC) have promised to fully accept the policy when introduced.

With individuals giving their own definition of the policy, the former President revealed on his Facebook page that ” My objective is to create a 24-hour economy in Ghana by enabling businesses to operate in three shifts. This will help Ghana become self-sufficient and focus on export-oriented growth”.

Mr. Mahama said that to achieve this goal, the government and private sector will collaborate, adding that the 24-hour economy is designed to create new employment opportunities, particularly for young people, address unemployment, and enhance living standards in Ghana.

“My government will enact new laws to support businesses operating 24/7, including labour laws and tax incentives. To assist companies, there will be favourable tax policies, stimulus packages and financial assistance available for specific industries including agro-processing and manufacturing.

Additionally, John Mahama also mentioned that buying local products and services will be government’s top priority, and measures will be implemented to ensure the smooth operation of the 24-hour economy where security, sanitation, cleaning, and environmental protection will be critical components of the 24-hour economy.

The former President stressed that the initiative aims to benefit various sectors, create jobs, improve living standards, increase productivity, and provide convenience for citizens.

He is therefore calling on Ghanaians to give him the mandate as the President of the republic to boost the country’s struggling economy.