John Dramani Mahama, the flag bearer of Ghana’s opposition National Democratic Congress (NDC), has unveiled an innovative proposal aimed at transforming the nation’s economy into a 24-hour operational system. This ambitious plan, designed to enable businesses across Ghana to operate in three shifts per day, signifies a groundbreaking approach to address the persistent issues of unemployment and enhance the living standards of Ghanaians.
According to a report by Graphic Online, Mahama’s initiative is predicated on a robust collaboration between the government and the private sector, aiming to create a conducive environment for businesses to thrive around the clock. In a series of social media posts, Mahama detailed the framework of his 24-hour economy vision, emphasizing the need for legislative support to facilitate this transition. This includes the introduction of new labor laws and tax incentives tailored to businesses adopting the 24/7 model.
Central to Mahama’s economic strategy is the focus on on thero-processing and manufacturing sectors, which are slated to receive favorable tax policies, stimulus packages, and financial assistance. This targeted support is intended to spur growth and productivity, making Ghana self-sufficient and geared towards export-oriented growth.
Furthermore, Mahama stressed the importance of prioritizing the purchase of local products and services, outlining measures to ensure the smooth operation of the 24-hour economy. This holistic approach also encompasses critical aspects such as security, sanitation, cleaning, and environmental protection, with an emphasis on making financial services at ports operational 24/7 to alleviate delays and congestion.
Mahama’s pledge to create a 24-hour economy reflects a comprehensive plan to revitalize Ghana’s economy, offering new employment opportunities, particularly for the youth, and paving the way for an improved quality of life. By fostering a conducive environment for continuous business operations, the initiative aims to benefit various sectors, create jobs, increase productivity, and provide convenience for Ghanaian citizens.
As Ghana grapples with economic challenges, Mahama’s 24-hour economy proposal presents a visionary approach to economic development, aiming to position Ghana as a beacon of prosperity and innovation in Africa.
