John Dramani Mahama, the Presidential Candidate for the National Democratic Congress (NDC), has unveiled a bold vision for Ghana’s economic future with his proposed 24-Hour Economy policy. Designed as a comprehensive strategy to stimulate sustainable economic growth, the policy aims to create an environment where businesses and public institutions operate around the clock in three shifts of eight hours each. Mahama believes this shift will significantly enhance productivity, foster a dynamic economic climate, and provide continuous opportunities for growth across multiple sectors, including manufacturing, agriculture, and services.
Central to Mahama’s plan is the promotion of import substitution and export-led growth, underpinned by industrialization. The policy is positioned as an integrated framework that supports businesses operating 24/7, thus contributing to the creation of decent, well-paying jobs and expanding economic opportunities for all Ghanaians. By fostering a culture of around-the-clock productivity, Mahama envisions a more competitive economy, one that leverages round-the-clock operations to boost employment, raise production levels, and increase national revenue. In his view, this approach will play a crucial role in transforming Ghana’s economic landscape, driving long-term prosperity.
However, Mahama acknowledges that the success of the 24-Hour Economy policy depends on significant investments in key sectors such as infrastructure, energy, and security. To ensure smooth implementation, he proposes a new regulatory framework to complement existing labor laws, including the creation of an Employment Act that would facilitate shift-based work schedules. Additionally, Mahama envisions the establishment of an Accelerated Export Development Authority (AEDA) to support export growth under the 24-hour economy model. With these strategic investments and reforms, Mahama is confident that the policy will not only rejuvenate the economy but also enhance the standard of living for Ghanaians across the country.
