Dr. Peter Quartey, the Director of the Institute of Statistical, Social, and Economic Research (ISSER), has called on former President Mahama to present a detailed implementation plan of the 24-hour economy policy to ensure its effectiveness.

He made the call in an interview on Joy FM's Midday News despite expressing optimism about the potential of the 24-hour economy policy in addressing the economic challenges in the country.

“I think what we need is a detailed implementation plan of the policy. A document that is going to cover it," he said.

He acknowledged that while elements of a 24-hour economy are already present in certain sectors, the key lies in implementing a detailed plan for the policy. Mr Quartey emphasized the need for careful consideration and planning for effective execution.

“If you go to the health sector, the police, transport, among others operate in the 24-hour economy. The chop bar operators around Circle and many other places are doing the same,” he said.

According to him, if this policy is to be extended to other sectors, then, “We need to develop a legal framework that has to develop our infrastructure.”

Former President John Mahama has reaffirmed his commitment to implementing the 24-hour economy policy if re-elected. He emphasized that the proposal is well-thought-through and forms part of the National Democratic Congress (NDC)'s vision to build a transformed Ghana.

The 24-hour economy is envisioned as a means to create jobs, foster inclusivity, and develop resilient, prosperous communities while safeguarding the environment. Mahama outlined these goals as part of the broader vision for national development and Ghana's role on the international stage.

“The 24-hour economy may have finally resonated with Ghanaians. It may be classified as an idea whose time has come due to Ghana's self-inflicted economic crisis today because the 24-hour economy initiative was well thought-through and captured on page 105 of the NDC’s 2020 People’s Manifesto.”

Former President John Mahama has provided further details on how the 24-hour economy policy would address key challenges in Ghana.

He highlighted its crucial role in addressing a financial crisis, severe unemployment, and unprecedented levels of corruption, emphasizing the potential of the policy to contribute to the stability of Ghana's democracy.

“Without an economic revamp, we cannot hope to make any mark in our massive unemployment crisis, which is leading many of our young people down the road of despair. Research shows that unemployment, unavailability of jobs, poverty, high cost and poor living conditions are issues of grave concern to many Ghanaians.

“I remain optimistic about the Mahama 24-hour economy initiative. In a rapidly advancing global economy, in which countries worldwide are gradually drifting and adopting 24-hour economies to remain competitive and attract investments – Ghana cannot be left out."