President John Dramani Mahama has officially launched the much-anticipated 24-Hour Economy initiative, making it clear that the private sector will lead its implementation while the government provides the necessary support.
Speaking at the launch event in Accra on Wednesday, July 2, President Mahama emphasised that the role of the government will be to create the right environment for businesses to operate efficiently around the clock.
“The private sector will lead the 24-Hour Plus programme. Government will facilitate and not dominate,” he stated.
According to Mahama, the government’s contribution will be carefully targeted to stimulate private investment without taking control of the process. “Any government funding in the 24-Hour Plus will be catalytic, serving as seed funding for the 24-Hour Plus Authority and supporting bulk infrastructure,” he explained.
This strategy, he said, is designed to unlock larger sources of funding from commercial banks, development finance institutions (DFIs), and blended finance arrangements. The aim is to keep the programme commercially attractive and sustainable while easing the financial load on the government.
President Mahama stressed that the 24-Hour Economy is not just a policy it’s a national shift in mindset, where businesses, industries, and workers can explore new opportunities beyond the traditional working hours.
“This is a bold step towards a more vibrant, competitive economy that works for all Ghanaians. Government’s job is to open the doors, but it is the private sector that will walk through them and lead the way,” he added.
The 24-Hour Economy is expected to boost job creation, improve service delivery, and position Ghana as a more attractive destination for investment and trade in the global marketplace.
