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President Mahama launches much-awaited 24-Hour Economy initiative to drive Ghana’s Economic Transformation

Edzorna Francis Mensah by Edzorna Francis Mensah
July 2, 2025
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President Mahama launches much-awaited 24-Hour Economy initiative to drive Ghana’s Economic Transformation
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President John Dramani Mahama has launched Ghana’s ambitious 24-Hour Economy Programme, a transformative strategy aimed at unlocking productivity, creating jobs, and building a resilient and self-reliant economy through round-the-clock economic activity.

Speaking at the official launch, President Mahama emphasized the significance of the 24-hour central transport corridor, which he described as a game-changer in linking Ghana’s north, south, east, and west through economic and transport clusters. The initiative, he said, is designed to reduce transportation costs by up to 18% and foster inclusive economic development by connecting inland Ghana with critical national institutions and leadership.

“The 24-Hour Economy is not just about working longer hours,” President Mahama noted, “It is about creating an enabling framework for productivity—supported by infrastructure, financing, and strong institutional collaboration. Government will facilitate, not dominate. We will walk this journey with the private sector.

In a pre-recorded video interview, the Minister for Trade, Agribusiness and Industry, Hon. Elizabeth Ofosu-Adjare, underscored the twin pillars of the initiative—MAKE 24 and BUILD 24—designed to generate over 1.7 million jobs while focusing on rapid industrialization and agro-processing.

“Why 24 hours? Because every hour counts,” the Minister said. “Through our Rapid Industrialization and Agro-Processing initiatives, we are restarting iconic plants like Akosombo and Juapong Textiles and constructing new industrial parks across the Northern, Volta, and Bono Regions focused on pharmaceuticals, auto parts, food processing, and textiles.”

 

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