President John Dramani Mahama has acknowledged that rolling out Ghana’s new 24-hour economy policy will present significant hurdles but remains confident the country will achieve its objectives.
During the official launch of the policy on Wednesday, July 2, 2025, he described the initiative as a rallying call for nationwide efforts to transform Ghana’s economic future through higher productivity and private sector leadership.
“This is a call to national action. A new model of economic development grounded in productivity, powered by the private sector and coordinated by the State is going to be unveiled,” President Mahama stated.
He underscored that the policy aims to promote inclusive economic growth, generate employment, restructure key sectors, and increase exports to strengthen Ghana’s position in the global economy.
“We are under no illusions, the path is going to be challenging but we’ll succeed. And we’ll succeed with discipline, coordinating and shared purpose,” the President assured.
The 24-hour economy initiative is central to the National Democratic Congress (NDC) government’s broader plan to modernise industries, reduce joblessness, and enhance Ghana’s competitiveness on the world stage.
Presidential Advisor on the 24-Hour Economy, Dr. Goosie Tanoh, explained that the programme focuses on three main priorities: modernising production systems, improving supply chains and market efficiency, and equipping the workforce with skills suited for a continuous, modern economy.
Implementing the full policy is projected to cost about $4 billion (approximately GHS 400 billion) over the next five years. The government has already committed an initial $300 million in seed funding, while significant investment and operational support are expected from the private sector.
Dr. Tanoh noted that the policy was shaped through extensive consultations across the country, engaging labour groups, businesses, industry leaders, and citizens to ensure it reflects Ghana’s development priorities.
The launch signals the beginning of a phased nationwide rollout aimed at building a strong, competitive economy capable of creating jobs and opportunities for Ghanaians around the clock.
