John Dramani Mahama launches the 24-hour economy
The President of Ghana, John Dramani Mahama, has officially unveiled the 24-hour economy and accelerated export development program, which, according to him, is a transformative economic policy to help revive Ghana’s economy.
President Mahama delivered a very powerful speech at the launch of the 24-hour economy policy, making a statement that the initiative is more than just a policy, but it is what Ghana needs to revive its economy.
He further stated that the 24-hour economy program is a carefully studied and drafted policy to reset Ghana’s economy and to also unlock its full productive potential while boosting the employment rate.
“This is more than a policy initiative, it is a national reset, a bold strategic shift to unlock our country’s full productive potential.
“Today, we reclaim our founder’s vision of a self-reliant, industrious and inclusive African nation that works with its creativity and ensure prosperity for all,” he stated.
President Mahama explained that the policy is a bold and coherent approach needed to dismantle the silos of past policies.
“The 24-hour-plus program is that collective answer. And so we have moved from to slogan to strategy today.
“This launch is not the end but a beginning of a national mobilization,” he stated.
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He emphasized that the 24-hour economy program is not only about extending working hours but also an opportunity to unleash productivity and accelerate exports through well-structured, multi-sectoral, and inclusive interventions.
The program, a flagship initiative of President John Dramani Mahama’s administration, seeks to re-engineer the country’s productivity architecture by extending economic activity beyond conventional hours and integrating key sectors into a seamless value chain.
With a projected cost of $4 billion, the government is committing between $300 million and $400 million as seed capital to bridge viability gaps and catalyze private sector investment.
The 24H+ program is positioned as a nationwide economic agenda, with the goal of creating 1.7 million quality jobs within four years.
It targets strategic value chains in agriculture, manufacturing, pharmaceuticals, textiles, infrastructure, and logistics.
The initiative is designed to harness the potential of every Ghanaian, every hour of the day, and reduce reliance on imports while boosting exports.
The program is presented as nine individual documents: a “full” report and eight subprogram reports. The “Full Report” covers the content of the other eight. Each of the remaining eight documents focuses on a specific subprogram (Grow24, Make24, Build24, Show24, Connect24, Fund24, Aspire24, and Go24).
SOURCE: 3news.com
