24-Hour Economy Takes Shape as Mahama Pushes for New Authority
According to President Mahama, the committee mandated to assess and fine-tune the 24-hour economy policy has completed its assignment and is set to submit its findings to Parliament.
President John Mahama has indicated that preparations are nearing completion for the establishment of a 24-Hour Authority, a regulatory body expected to drive the implementation of Ghana’s proposed 24-hour economy.
The planned Authority will be responsible for enrolling businesses into the policy framework and outlining the incentive structures designed to encourage extended operating hours across key sectors of the economy.
The President disclosed this during a visit to the Ghana Publishing Company on Thursday, January 8, where he applauded management for proactively restructuring operations ahead of the policy rollout. He cited the company’s adoption of a two-shift production system as an example of institutional readiness.
According to President Mahama, the committee mandated to assess and fine-tune the 24-hour economy policy has completed its assignment and is set to submit its findings to Parliament. Parliamentary approval, he said, would provide the legal backing required to formally establish the Authority.
He noted that beyond registration, the new body will offer clear guidance on benefits available to participating businesses, adding that organisations that take early steps to align with the policy are likely to gain significant advantages.
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President Mahama also expressed satisfaction with efforts by the sector minister to secure increased government printing contracts for the Ghana Publishing Company, particularly in the production of textbooks and educational materials. He said such support would enhance the company’s revenue base and sustain its ongoing retooling programme.
Encouraging management to officially sign on once the registration process begins, the President said the 24-hour economy initiative has the potential to improve productivity, revitalise state-owned enterprises, and accelerate Ghana’s broader economic transformation.
