President Mahama to Launch 24-Hour Economy on Republic Day
President John Dramani Mahama has revealed that the government will officially unveil its much-anticipated 24-Hour Economy policy in July, with the launch likely to coincide with Ghana’s Republic Day celebrations. The initiative is a cornerstone of the administration’s ambitious agenda to boost productivity and expand the nation’s export capacity.
Speaking at a stakeholder consultative meeting held at the Jubilee House on Tuesday, President Mahama described the policy as a strategic blueprint aimed at accelerating industrial growth, creating jobs, and enhancing the efficient use of national resources.
“We will officially launch the 24-Hour Economy programme in July this year, most probably on Ghana’s Republic Day, which is a symbolic day for a bold new national agenda,” he said.
The high-level meeting brought together industry leaders, labour unions, development experts, and traditional authorities to deliberate on the implementation framework for this transformative economic policy.
A Bold Economic Vision
President Mahama outlined the 24-Hour Economy policy as both a vision and a structured programme to harness the full potential of Ghana’s economic capacity through continuous, around-the-clock operations.
“The 24-Hour Economy reflects a future where our productivity and capital utilisation reach such heights that we operate in multiple shifts across day and night,” he explained. “It’s about maximising the returns on our infrastructure, workforce, and innovation.”
He reiterated that the policy—widely discussed during the 2024 election campaign—remains central to his administration’s commitment to full employment and inclusive economic growth.
Volta Lake Economic Corridor: A Key Pillar
A major component of the 24-Hour Economy is the development of the Volta Lake Economic Corridor, envisioned as a national hub for production and logistics. President Mahama disclosed plans to cultivate over two million hectares of arable land along the lake, revive the fisheries sector, and establish a chain of industrial parks serving both domestic and regional markets.
“The lake will also be activated as a major transport corridor, helping to decongest road networks,” he added.
The President announced that new floating assets, lake ports, and long-term investment partnerships would be developed in collaboration with the Volta River Authority (VRA) and private sector stakeholders.
Priority Sectors
The 24-Hour Economy policy identifies several key sectors for targeted investment and development. These include agro-processing, pharmaceuticals, textiles, light manufacturing, tourism, digital services, and the creative industries.
With its formal launch just weeks away, the 24-Hour Economy programme is poised to become a defining feature of Ghana’s next phase of economic transformation.
