Story by Phalonzy
The much anticipated 24-Hour Economy policy, a flagship initiative of the National Democratic Congress (NDC), is set to be officially launched today, July 2, 2025, marking a paramount move towards transforming the country’s economic landscape.
This bold endeavor aims to drive economic transformation, enhance productivity, and tackle unemployment through round-the-clock operations in key sectors such as manufacturing, agro-processing, healthcare, transportation, and retail.
Described as a “game changer” by the government, the policy is expected to create thousands of new jobs, increase national output, and unlock value across supply chains. Companies that enroll in the program will benefit from tax incentives, access to stable electricity, and enhanced nighttime security, fostering a conducive business environment.
The policy’s framework, outlined by Presidential Advisor on the 24-Hour Economy, Goosie Tanoh, is built 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,” Tanoh explained. Key components include initiatives focused on agricultural modernization, industrial and manufacturing growth, logistics and supply chain improvement, and Security and Productivity initiatives, all designed to propel Ghana’s economic growth ².
A significant aspect of the policy is the integration of digital skills into the Technical and Vocational Education and Training (TVET) system, aimed at preparing youth for emerging job opportunities.
Additionally, the “Show Ghana” initiative seeks to leverage the country’s cultural heritage for tourism and foreign revenue generation, further diversifying the economy.
However, Speaker of Parliament Alban Bagbin, while expressing support for the program, has urged the government to seek legislative backing to ensure its sustainability.
He recommends that the 24-Hour Economy Secretariat work with Parliament to draft and pass a bill that would institutionalize the policy, protecting it from potential discontinuation under future administrations.
