Speaker of Parliament Alban Bagbin has underscored the critical role of state oversight institutions in anchoring the success of Ghana’s proposed 24-hour economy, arguing that the initiative will falter without strong accountability systems.
Speaking at a post-budget workshop for Members of Parliament in Accra, the Speaker warned that the responsibility for driving the ambitious economic model does not lie solely with the executive arm of government.
Bagbin stressed that Parliament, the Judiciary, and particularly the Audit Service must be fully engaged to provide the legal backing, oversight, and scrutiny required to sustain a round-the-clock economic system.
“The 24-hour economy cannot be delivered by infrastructure alone,” he cautioned. “It requires robust governance, a sound legal framework, and strict accountability mechanisms.”
He reiterated that the success of the policy would depend on cross-institutional cooperation, highlighting that checks and balances within the governance system would be essential to ensure transparency and efficiency.
“A word to the wise is enough,” the Speaker remarked, calling on institutions to prepare to play their part in shaping and safeguarding the national reform.
