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Haruna Iddrisu, Minister of Education, made it clear: President Mahama’s 24-Hour Economy initiative isn’t just another government tagline it’s a focused response to a pressing national need. Ghana’s aiming to become self-reliant, especially when it comes to feeding its own people and reducing dependence on imports.
President Mahama officially launched the 24-Hour Economy and Accelerated Export Development Programme, positioning it as a comprehensive strategy to rejuvenate the national economy. He described the initiative as much more than policy it’s a strategic reset targeted at unlocking Ghana’s full productive capacity.
Mahama stressed that this programme is about moving beyond slogans and actually implementing a tangible strategy. The 24-Hour Economy will not only extend working hours but will also boost productivity, accelerate exports, and integrate core sectors into a cohesive value chain. Think agriculture, manufacturing, pharmaceuticals, textiles, infrastructure, and logistics—each sector is part of the broader plan.
To kickstart the initiative, the government is investing $300–$400 million as seed capital, aiming to attract further private sector investment, with the total project cost projected at $4 billion. The overarching goal is ambitious: create 1.7 million quality jobs in four years, drive export growth, and reduce the country’s reliance on imports.
The programme is structured into nine main documents: a comprehensive report and eight sub-programme reports (Grow24, Make24, Build24, Show24, Connect24, Fund24, Aspire24, and Go24), each designed to tackle specific sectors and business challenges.
In summary, the 24-Hour Economy is positioned as a cornerstone of Ghana’s economic transformation strategy, designed to foster sustainable growth, build resilience, and unlock new opportunities for both public and private stakeholders.