The Presidential Advisor on the 24-hour economy, Mr Tanoh, has announced that the initiative will be launched on Wednesday, July 2, 2025The program, which aims to transform production with agriculture as its main anchor, includes other key componentsSupport groups like Grow 24, Make 24, and Aspire 24 will play a crucial role in ensuring the success of the policy
The Presidential Advisor on the 24-hour economy, Augustus Goosie Obuodum Tanoh, has announced that the initiative will be launched on Wednesday, July 2, 2025.
This was disclosed when the 24-hour economy office at the Presidency, led by Mr. Tanoh, paid a courtesy call to the Speaker of Parliament, Alban Sumana Kingsford Bagbin.
While presenting the 24-hour economy and accelerated export development programme to the Speaker of Parliament, Mr. Tanoh said the program aims to transform production, with agriculture as its main anchor, to develop the nation’s value chain and achieve greater productivity.
He explained that the 24-hour economy program consists of three main components: Production Transformation, focused on increasing productivity and efficiency in key sectors; Supply Chain and Market Efficiency, aimed at streamlining supply chains and improving market access; and Human Development, emphasising skills development and mindset change.
24-hour economy support groups
Mr. Tanoh further emphasised that the success of this initiative will depend on the support of several subgroups.
These include Grow 24, which focuses on agriculture; Make 24, dedicated to manufacturing; Connect 24, aimed at strengthening the supply chain; and Aspire 24, which focuses on mindset transformation to reset Ghanaian perspectives.
As part of Aspire 24, he said the government will incorporate a robust digital technology training module into the TVET curriculum to enhance employment prospects.
Additionally, he mentioned that a component called “Show Ghana” will be introduced to showcase the country鈥檚 vibrant culture to the diaspora, with the goal of increasing tourism and boosting income through the sector.
For his part, Alban Bagbin emphasised the need for the 24-hour economy office to work towards getting a Bill passed to ensure the policy’s continuity, even with a change in government.
What is the 24-hour economy?
The 24-hour economy policy, an economic system where businesses operate 24 hours a day, seven days a week, was one of the key pledges made to the Ghanaian people by President Mahama during the 2024 elections.
The policy is expected to have a positive impact on various sectors, including commerce, industry, and services.
It is anticipated that the policy will lead to increased economic activity, job creation, and improved productivity.
Many believe that the 24-hour economy will provide new opportunities for businesses, workers, and entrepreneurs, and help to drive economic growth and development.
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Launch of 24-hour economy excites Ghanaians
Ghanians on social media have reacted to the launch of the 24-hour economy policy rollout.
YEN.com.gh compiled a few of the reactions below:
@James Gyamfi said:
“The richest commodity business in the world is oil.The number 1 industry under 24 hr economy should be the oil industry.”
@Apiurugu Chakapaama also said:
“That’s Good.”
@Ayodeji Richborn commented:
“Good move.”
Ghana passport office begins three-hour shift system
Earlier, YEN.com.gh reported that the passport office began a three-shift system, according to the Minister for Foreign Affairs, Samuel Okudzeto Ablakwa.
Ablakwa had already noted that there would be a 24-hour passport office operation in Ghana to expedite passport processing.
The minister expected that the new system would enable applicants to receive their passports within a week.
Source: YEN.com.gh