President John Dramani Mahama has highlighted the 24-Hour Economy Initiative as one of his government’s most transformative policies, designed to boost productivity, create jobs, and drive lasting economic recovery.
Speaking at a presidential media encounter in Accra on Wednesday, the President announced that Cabinet had approved the 24-Hour Authority Bill for submission to Parliament, setting the stage for a legal framework to anchor the initiative.
“The 24-Hour Economy is not just about keeping the lights on longer. It’s about unlocking new shifts of productivity, widening access to jobs, and building a resilient, inclusive economy that works for all,” President Mahama said.
He revealed that some institutions had already embraced the policy, citing the Ghana Publishing Company, Passport Office, foreign missions, and the ports of Tema and Takoradi as examples of agencies now operating on a 24-hour basis. A dedicated 24-Hour Economy Policy Secretariat has also been established at the Ministry of Interior to guarantee security for the evolving ecosystem.
According to the President, the initiative will particularly benefit micro, small, and medium enterprises, while also modernizing agriculture and expanding opportunities in manufacturing and services.
Turning to the economy, Mahama pointed to signs of stabilization, including a sharp fall in inflation from 23.8 percent in December 2024 to 11.5 percent in July 2025, the lowest in nearly four years. He noted that price reductions were now being advertised by brands and businesses — evidence, he said, that recovery was being felt by ordinary households.
“The real economy is not in statistics but in the pockets of the people. And that is why I take pride not only in the signs of recovery and stability, but in the direct relief Ghanaians are experiencing from our policies,” Mahama stressed.
He further disclosed that Ghana had stayed current on its bond repayment obligations, and that the country had earned an upgrade from global rating agency S&P, which raised Ghana’s rating from junk to B- with a stable outlook.
The President said sustaining the recovery would require productivity growth, which is why the 24-Hour Economy Initiative had become central to his administration’s agenda.
“This policy is about building a Ghana where jobs are available for our youth, where our economy runs on continuous energy, and where no one is left behind,” he concluded.
