The ruling National Democratic Congress' (NDC) flagship 24-hour economy policy is set to be rolled out in July this year.

President John Dramani Mahama revealed this while speaking at a multi-sectoral engagement at the Jubilee House.

He said, "We will officially launch the 24-Hour Economy Policy in July this year. Most probably on Ghana's Republic Day, which is a symbolic day for a bold new national agenda."

According to him, the final draft of the policy has undergone review by him, and he is confident it will realize its objectives.

"I have authorized the 24-hour economy secretariat to begin detailed programme design and investment packaging. The draft programme document will be released publicly on Tuesday for broader consultation.

“I have reviewed it, and I'm confident we now have a coherent and actionable framework with which to deliver the results. An effective catalyst for the 24-hour economy policy is a stable macroeconomic environment, which we are achieving through close coordination between the monetary and fiscal authorities,” he added.

President Mahama indicated that the policy is decentralized; as such, each district will establish its implementation task force, which will be regulated by the District and Municipal Assemblies.

This, he said, "will allow each region to define and lead its path of industrial transformation based on its natural comparative advantages."

He noted that the government, in the coming days, will set up a secretariat that will ensure that the initiative operates consistently and effectively.

“To guarantee institutional stability, I'm working with Parliament to establish the 24-hour economy secretariat as an independent authority, reporting directly to the President and backed by legislation."

According to him, the Volta Lake will serve as a major transport corridor through the policy to improve trade and logistics.

“The plan envisions cultivating over two million hectares of arable lakeside land, revitalising the fishery sector on the lake, and creating a chain of industrial parks that produce goods for domestic and regional markets," he further remarked.

The President noted that the policy identifies the priority value chains across all regions: agro-processing, pharmaceuticals, textiles, light manufacturing, tourism, digital services, and the creative economy.

The 24-hour economy policy was a key promise during President Mahama's campaign in 2024.

The initiative aims to enhance economic productivity by encouraging businesses to operate continuously, creating more job opportunities, boosting revenue generation, and improving service delivery.

It also seeks to extend working hours nationwide. Sectors such as manufacturing, transportation, retail, healthcare, hospitality, and financial services stand to benefit significantly from this model.

The Ghana Police Service is expected to play a crucial role in its successful execution by ensuring a safe environment for businesses and individuals.