Presidential Advisor on the 24-Hour Economy Policy, Goosie Tanoh, on Thursday, June 26, presented the 24-hour economy policy to the Speaker of Parliament, Kingsford Sumana Alban Bagbin.

The 24-hour economy policy, which was a key promise during President Mahama's campaign in 2024, is set to be launched on July 2, according to Goosie Tanoh.

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.

In his presentation yesterday, Mr Tanoh mentioned the move is to officially inform 'the people's representatives' about the government's readiness to roll out the programme.

On some details on the policy, Mr Goosie Tanoh said the programme is expanded into three anchors: "production transformation, supply chain and market efficiency, and human capital development." The three anchors, according to him, are supported by eight sub-programmes.

"Roll 24 - which is the agricultural component, Make 24 - which is the manufacturing component, Connect 24 - the supply chain component, Aspire 24 - which is the mindset change, the resetting of the Ghanaian and Ghanaian bureaucracy with a strong and powerful attitude to work and productivity,” he explained.

According to him, the government is set to include strong digital technology training in the TVET curriculum to train and equip an employable workforce with the requisite skills for employment opportunities.

Another component, dubbed 'Show Ghana,' is also set to focus on an intentional effort and approach by the government to give visibility to Ghana's rich cultural heritage to the rest of the world to attract more tourists and increase revenue generation through tourism.

Speaker Alban Bagbin, in response, mentioned that the team’s arrival had been anticipated and his outfit would call on them for any clarity when the need be, urging the legislation to back the programme.

Earlier, President John Dramani Mahama stated that the 24-Hour Economy Policy is a long-term goal that will keep the country productive on a 24/7 basis, alongside stabilising the economy through the creation of more jobs.

In a meeting with some stakeholders in Accra in May, President Mahama indicated that the policy is a comprehensive programme that requires strategic planning and collaborative efforts.

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

"I have authorised 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.