Political Risk Analyst, Dr. Theo Acheampong, has praised the 24-hour economy concept proposed by former President and NDC presidential candidate for the 2024 election, John Dramani Mahama.
Dr. Acheampong believes that if effectively implemented, the policy could be instrumental in reducing unemployment in the country.
He emphasized that the 24-hour economy initiative has the potential to create job opportunities for more Ghanaians, thereby contributing to overall national development.
“The idea of a 24-hour economy is laudable and I make no exceptions or mince words about that. The devil of course is in the details and what exactly we want to attain by it.”
“But if you come from the fundamental premise that you want to create more jobs and expand the economic basket, then allowing more Ghanaians to work either during the day or at night on rotation shift is something that is laudable.”
During the start of his two-day tour in the Ahafo Region, the National Democratic Congress (NDC) 2024 Presidential Candidate, John Dramani Mahama, addressed skepticism surrounding his proposed 24-hour economy.
He highlighted that the initiative would offer tax incentives and other advantages to businesses that willingly participate in the program.
Mr Mahama emphasized that the primary objective is to create additional employment opportunities for the people of Ghana.
“I envision a 24-hour economy where hospital facilities, fuel stations, manufacturers, construction companies, garbage collection companies, mining and extractive industries, agro-processing, harbours and ports, financial services, and digital start-ups will operate a three-shift system 24/7 in an atmosphere of safety and security.
“This 24-hour economy I propose will be voluntary, it will not be imposed. Businesses will be encouraged to sign up with tax incentives provided for enhanced security and lower electricity tariffs after peak hours. Special meters will be deployed to provide what is known as time-of-use tariffs to deliver cheaper power to such businesses during the hours of especially 10:00 am and 6:00 am,” he explained in an address to Catholic Bishops in Sunyani on Saturday, November 18.
The new leader of the governing New Patriotic Party (NPP), Dr. Mahamudu Bawumia, has mocked the concept of the 24-hour economy proposed by former President John Dramani Mahama. Dr. Bawumia suggested that the former president is lacking new ideas, expressing skepticism about the feasibility of the proposed initiative.
“Today, John Mahama says he has new ideas and that he wants a 24-hour economy, he doesn’t even understand that policy,” the Vice President stated.
“Today, our hospitals, Electricity Company, Water Company, fuel stations, chop bars and many sectors all work 24 hours. Today, because of digitalization you can transfer and receive money in 24 hours, so he doesn’t understand his own policy,” the Vice President argued.
Speaking to a gathering at a rally during his “Thank You Tour” in Tamale in the Northern Region, the Vice President asked Ghanaians to vote massively for him, saying, “Vote for Dr. Mahamudu Bawumia in 2024, I will bring new vision, I will bring new policies and we will transform this country.”
“John Dramani Mahama is the past, Dr. Bawumia is the future. If John Mahama was still around we would have had dumsor [Power cuts], and you can’t have dumsor with 24-hour economy,” he stated.
But the Vice President has been lambasted by some critics for downplaying the policy.