
2027 Budget presentation scheduled for Nov 12 - Majority Leader
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15th December 2024 9:38:40 AM
2 mins readBy: Abigail Ampofo

The next administration, under President-Elect John Dramani Mahama, plans to focus on the implementation of a 24-hour economy policy as a key strategy for economic recovery. The National Democratic Congress (NDC) has highlighted this initiative as a key component to revitalise the country's economy.
Public discussions about the policy have raised questions about its practicality and impact. As a result, Mahama frequently addresses its details during interviews, particularly with international media.
In a recent interview with the Voice of America (VOA) following his resounding victory in the 2024 elections, Mahama once again explained the concept and goals of the 24-Hour Economy policy.
Asked by the VOA reporter, Paul Ndiho, “One of the things that has resonated with the young people was the 24-Hour Economy. Do you care explaining what that means to the ordinary Ghanaians?” John Dramani Mahama said:
“24-Hour Economy is not a new thing. It’s being implemented in many countries, and so Ghana will not be the first to implement it. What the 24-Hour Economy is is that you provide incentives to the private sector to be able to increase their production, increase the number of working hours, and increase the number of employees. That is what it is.”
Meanwhile, John Mahama's 24-hour economy policy has faced significant backlash and criticism, particularly from the New Patriotic Party (NPP). Critics within the NPP, including Finance Minister Ken Ofori-Atta, have argued that the policy is impractical and already being implemented by some institutions, thus downplaying its impact.
Popular YouTuber Kwadwo Sheldon, a known supporter of the NPP, also criticised the policy, questioning its feasibility and the understanding of its proponents. Additionally, Joe Jackson, Director of Business Operations at Dalex Finance, expressed reservations about the policy, emphasising that effective implementation hinges on fostering a conducive business environment.
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