President John Dramani Mahama says Ghana's emerging macroeconomic stability is a critical foundation for the successful implementation of his proposed 24-Hour Economy policy.
Addressing stakeholders during an engagement on the implementation of the policy in Accra, Mahama disclosed that he had received and reviewed a comprehensive draft of the 24-Hour Economy blueprint earlier this month from his policy advisor, Mr Goosie Tanoh.
He expressed confidence in the framework, calling it "coherent and actionable." "An effective catalyst for the 24-Hour Economy policy is a stable macroeconomic environment," Mahama said. "This is being achieved through close coordination between monetary and fiscal authorities." However, he was quick to add that while macroeconomic stability is essential, it is only one part of a broader economic transformation agenda.
The 24-Hour Economy, he explained, goes beyond stabilising inflation and currency placing greater emphasis on production, enterprise development, job creation, and export expansion. "At its core is an integrated value chain transformation approach," Mahama noted. "This approach addresses structural bottlenecks not in isolation, but comprehensively-through infrastructure-financed land systems, logistics, and skills development." One of the most ambitious components of the plan is the Volta Lake Economic Corridor, which Mahama described as a future national production zone and logistics spine.
