Mahama Announces Plans to Establish 24-Hour Economy Authority
New body to register businesses, outline incentives, and activate Ghana’s 24-hour economy framework
President John Mahama has indicated that the government is moving closer to operationalising Ghana’s proposed 24-hour economy, with plans underway to establish a dedicated 24-Hour Authority to oversee implementation.
The Authority is expected to play a central role in registering eligible businesses, coordinating participation, and defining incentive packages designed to support round-the-clock economic activity.
Speaking during a working visit to the Ghana Publishing Company on Thursday, January 8, President Mahama praised the state-owned firm for already aligning its operations with the policy vision by introducing a two-shift production system.
He disclosed that the technical committee assigned to review the 24-hour economy framework has concluded its work and will soon submit its recommendations to Parliament. Once approved, the report will provide the legal basis for setting up the Authority and rolling out the policy nationwide.
According to the President, the new institution will ensure clarity on which businesses qualify for the initiative and what benefits they stand to gain, noting that organisations that prepare early are likely to enjoy a competitive advantage.
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President Mahama also welcomed ongoing efforts by the sector minister to secure stronger government support for the Ghana Publishing Company, particularly through increased access to state textbook and learning material contracts. He said improved revenue streams would help the company sustain its retooling and expansion agenda.
He encouraged management to formally sign on to the 24-hour economy programme once registration opens, expressing confidence that the policy will enhance productivity, strengthen public enterprises, and contribute to long-term economic growth.
