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[BUSINESS] · Ghana · 3 sources

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Part of situation: Ghana economic transition and New Economy Programme (4 clusters)

Ghana 24-hour economy policy faces calls for budgetary support

24-hour economy policy Ghana economy job creation industrialization budgetary allocation

Ghana's flagship 24-hour economy policy, launched in July 2025, is facing scrutiny regarding its implementation and funding. Economist Professor Godfred Alufar Bokpin of the University of Ghana Business School has stated that the initiative lacks a dedicated financial framework and should be implemented in phases tied directly to the national budget with specific ministerial responsibilities.

While the policy aims to drive industrialization, reduce import reliance, and boost exports, critics note the absence of a substantial document tracking performance against the promised three-shift model. Government data suggests early progress, reporting that 268 filling stations and 33 manufacturers have adopted three-shift systems, contributing to a reported 160,000 direct jobs and a US$11.5 billion project pipeline.

George Kweku Ricketts-Hagan, Member of Parliament for Cape-Coast South, noted that the 24-Hour Economy Secretariat has established the necessary foundations. He emphasized that the next priority must be translating this groundwork into sustainable employment, particularly for the youth, through effective economic stimulation and reliable infrastructure.

Entities

24-Hour Economy Secretariat · George Kweku Ricketts-Hagan · Godfred Alufar Bokpin · Government of Ghana · University of Ghana Business School

Claims

What the coverage asserts, and how many sources carry each claim.

  • [● 2 SOURCES] The policy aims to boost productivity, promote industrialization, and strengthen export-led growth. oyerepafmonline.com · ghanaguardian.com
  • [○ 1 SOURCE] The policy lacks a dedicated financial framework or budget line. chale.news
  • [○ 1 SOURCE] 268 filling stations and 33 manufacturers are running a three-shift system. chale.news
  • [○ 1 SOURCE] More than 160,000 direct jobs have been reportedly created. chale.news
  • [○ 1 SOURCE] The project pipeline is worth US$11.5 billion. chale.news
  • [○ 1 SOURCE] US$5.5 billion of the project pipeline has already been signed. chale.news
  • [● 2 SOURCES] The 24-Hour Economy Secretariat has established the foundations for implementation. oyerepafmonline.com · ghanaguardian.com
  • [● 3 SOURCES] The 24-hour economy policy was launched in July 2025. chale.news · oyerepafmonline.com · ghanaguardian.com

Sources

Bokpin: Budget Needed to Fix Ghana's 24-Hour Economy Policy [chale.news]
24-hour economy foundations laid, jobs next – Ricketts-Hagan [oyerepafmonline.com]
24-hour economy foundations laid, jobs next – Ricketts-Hagan [ghanaguardian.com]