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Ghanaian business concerns and evolution of 24-Hour Economy
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2026-08-23 01:31 UTC → 2026-08-25 22:43 UTC ·
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Business leaders in Ghana have expressed concerns regarding the implementation of the government’s 24-Hour Economy programme. Mark Badu-Aboagye, CEO of the Ghana Chamber of Commerce and Industry, warned that the 2026 Mid-Year Budget Review lacked the necessary concrete backing to support the initiative, citing high financing costs and electricity prices as barriers to investment. Seth Twum Akwaboah, President of the Association of Ghana Industries (AGI), has urged the government to prioritize substantive policy design and consultative development over slogans. While noting that recent engagements have provided more clarity, Akwaboah cautioned that the policy requires sustained work to achieve practical results, comparing the necessary rollout process to the One District, One Factory initiative. In response to these discussions, the 24-Hour Economy Secretariat is reframing the programme as a production and industrial strategy rather than a mandate for extended working hours. The strategy aims to expand productive capacity by connecting agriculture, manufacturing, logistics, and services to address structural weaknesses. The goal is to unlock underutilized capacity by ensuring businesses have access to reliable power, finance, and raw materials. To support this, proposals such as a National Productive Hours Framework (NPHF) have been suggested. This framework would involve creating approved labour directories, allowing employers to access qualified, vetted workers on an as-needed basis to provide flexible labour and quicker income access for young workers. Government officials have further clarified that the policy is a broad economic transformation strategy intended to energize the private sector and reduce import reliance. Labour Minister Dr. Abdul-Rashid Hassan Pelpuo addressed criticisms regarding the ‘1-in-3’ shift arrangement, emphasizing that the goal is to increase production rather than simply rotating government staff through night shifts.
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- 2026-08-25 22:43 UTC Ghanaian business concerns and evolution of 24-Hour Economy
- 2026-08-23 01:31 UTC Ghanaian business concerns and evolution of 24-Hour Economy
- 2026-08-14 07:52 UTC Ghanaian business concerns over 24-Hour Economy policy
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