The director of the Institute of Statistical, Social, and Economic Research (ISSER), Professor Peter Quartey, has wondered: “Will a 24-hour economy serve as the solution or is it premature?” suggesting: “What about incorporating it into a long-term development plan?”
Also, Professor Quartey noted: “The argument is, will a 24-hour economy bring higher GDP and jobs, or is it rather a goal we should aim for in the long term?”
The 24-hour economy proposal was put forward by former President John Mahama, who is the flagbearer of the main opposition National Democratic Congress.
Speaking on the proposal, Professor Quartey pointed out that: “Limited energy supply to power all sectors in 24 hours, especially manufacturing,” risks hindering industries’ ability to operate continuously, especially at competitive levels within the sub-region.
On security, he said with extended hours, ensuring the safety of night workers would require “adequate security personnel to protect those working late into the night,” adding that this would need significant investment in security infrastructure.
Concerning market demand and competitiveness, Prof Quartey wondered if sufficient demand exists to sustain 24-hour operations, especially in sectors like manufacturing.
“Will there be demand if factories operate 24 hours?” he questioned, adding that Ghana’s industries must also be competitive regionally.
Additionally, Prof Quartey raised doubts about the availability of essential infrastructure, including water and road networks, to support continuous operations. “Do we have adequate infrastructure?” he asked, pointing out that without necessary improvements, a 24-hour economy could strain existing systems.
He said aligning manifesto promises with a pragmatic, long-term development strategy is essential and urged policymakers to carefully evaluate the nation’s infrastructure and security readiness, energy capacity, and market demands before committing to a 24-hour economy.
“This approach needs to be grounded in a robust, long-term plan if we are to realise sustainable economic growth,” he said.
