Government to present 24-Hour Economy Policy to Parliament for approval
The Minister for Finance, Dr Cassiel Ato Forson, has announced that the government’s proposed 24-hour economy policy will be formally presented to Parliament for approval.
Speaking in Parliament on Tuesday, March 11, during the presentation of the 2025 Budget Statement and Economic Policy, Dr Forson reiterated the Mahama-led National Democratic Congress (NDC) government’s commitment to the policy, describing it as a key initiative aimed at boosting economic productivity and job creation.
“The Mahama-led NDC government is committed to the pursuit of the 24-hour economy policy,” he stated.
The policy seeks to encourage businesses across various sectors to operate round the clock, maximising the use of infrastructure and resources while driving economic expansion. Proponents argue that such a move will not only create employment opportunities but also enhance Ghana’s global competitiveness.
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Dr Forson highlighted that the policy forms part of the government’s broader economic transformation agenda, which is designed to promote industrial expansion and attract investment.
He assured Parliament that measures, including incentives for businesses willing to operate beyond traditional working hours, are being put in place to ensure the smooth implementation of the initiative.
“We remain committed to the pursuit of the 24-hour economy policy,” he stressed. “The policy is crucial for enhancing our economic resilience and ensuring sustainable growth.”
With the concept becoming a focal point of political and economic discourse, the Finance Minister urged Parliament to support the initiative once it is formally presented. He noted that the success of the policy will depend on strong collaboration between the public and private sectors.
A comprehensive framework detailing the operational structure and implementation strategy of the 24-hour economy policy is expected to be submitted to Parliament in the coming weeks for further deliberation.