The Ghana Federation of Labour (GFL) has thrown its support behind the newly enacted 24-Hour Economy Authority Act, describing it as a bold intervention capable of reversing the decline of local industries and expanding employment opportunities across the country.
Its Secretary-General, Abraham Koomson, praised President John Dramani Mahama for assenting to the bill, noting that the move signals a renewed commitment to industrial transformation and economic resilience.
Speaking in an interview on Ahotor FM on Saturday, February 21, Mr. Koomson stressed that the law’s focus on structured, round-the-clock economic activity could provide the practical foundation local businesses need to scale up production and operate more sustainably.
Parliament approved the bill on February 6 after several days of debate, paving the way for the President’s assent. The legislation, introduced at the end of 2025, is a central component of the government’s broader economic agenda.
The new law establishes a 24-Hour Economy Authority to coordinate and oversee the nationwide implementation of continuous economic operations. The Authority will collaborate with state agencies, private sector players, and other stakeholders to ensure the policy’s smooth rollout.
According to Mr. Koomson, the creation of a dedicated Secretariat is particularly significant because it offers industry actors a more direct channel for engagement. Rather than relying solely on the Ministry of Trade to address operational concerns, businesses can now liaise directly with the Authority for quicker responses and solutions.
He expressed confidence that effective coordination and oversight would help prevent the systemic bottlenecks that previously contributed to the collapse of some local industries.
With proper execution, Mr. Koomson believes the 24-hour economy framework could accelerate industrial growth, enhance productivity, and play a pivotal role in Ghana’s long-term economic transformation.
