Financial Analyst Mr. Joe Jackson acknowledges the achievability of John Dramani Mahama's proposed 24-hour economy but deems its implementation challenging. Speaking on the Pae Muka show on Onua FM, Jackson expressed a realistic view on the feasibility of the concept.

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Mahama introduced the "24hr Economy" project during a meeting with the country's mother workers union on November 7, 2023, as part of his engagement with key stakeholders in his bid to return to power.

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The National Democratic Congress (NDC) clarified that the proposal targets 13 industries, including agro-processing, pharmaceuticals, manufacturing, construction, extractive industry, sanitation, waste management, leisure, hospitality, digital start-ups, business process outsourcing, financial services, retail centers, and transportation services.

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A Frequently Asked Questions (FAQs) document outlined the initiative's focus on creating a supportive environment for businesses to operate 24/7. The 24-hour economy aims to boost productivity, competitiveness, and job creation in a three-shift system.

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The NDC emphasized its alignment with national development initiatives, such as education, health services, agriculture, affordable housing, public transport, and efficient justice delivery.

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Ghana's economic strategy under Mahama's vision includes modernizing agriculture, incentivizing the private sector, promoting agro-processing and manufacturing, and transforming into an import substitution and export-led economy.

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The NDC believes this approach will stabilize the national currency, improve reserves, lower inflation and interest rates, generate employment, and enhance livelihoods. The party sees the 24-hour economy as a vital component of its ambitious plan to elevate Ghana in the global economic landscape.

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