President John Dramani Mahama's has stated that his administration would implement fair labour practices that protect workers' right, enhance welfare and drive productivity.
He explained that government would invest heavily in infrastructure, energy, and security, creating a safe and efficient environment that allows households, businesses, and transportation systems to function at all hours of day and night.
President Mahama stated this during the opening of a two-day National Economic Dialogue in Accra. It was on the theme “Resetting Ghana: Building the economy we want together.”
He said the road ahead would not be easy, but this transformation is not the responsibility of the government alone — it is a shared responsibility that requires the active participation of every Ghanaian.
“Together, we can unlock the full potential of our country, building a resilient, competitive, and prosperous Ghana for generations to come, the time for transformation is now — let us rise to the occasion, take decisive action, and build an economy that works for all" President Mahama said.
Thriving economies
He explained that across the world, thriving economies were built on continuous productivity, where businesses, industries, and essential services operate around the clock to maximise growth and prosperity.
He stressed that it was time for Ghana to break free from the limitations of a traditional economy and embrace a future where opportunity is not confined by time.
“My administration is committed to providing incentives and tax breaks for manufacturers and businesses that extend their operations,” President Mahama emphasised.
“This initiative will expand job opportunities, particularly in key sectors such as manufacturing, retail, healthcare, logistics, and financial services.” he stated.
Fiscal Challenges
Earlier,the Minister for Finance, Dr Cassiel Ato Forson, stated that Ghana is grappling with serious fiscal challenges, stressing the need for urgent and decisive action.
He highlighted the country’s fragile economic state and the pressing need for sustainable financial management.
Dr Forson pointed out that the government’s ability to meet its financial obligations remains under strain due to high debt levels, revenue shortfalls, and rising expenditure.
He emphasised that addressing these challenges requires a collective effort from all stakeholders.
Background
The bold implementation of a 24-hour economy is a transformative initiative designed to create sustainable jobs, boost productivity, and position Ghana as a competitive force on the global stage.
