President John Dramani Mahama has announced that the official launch of his flagship 24-Hour Economy policy will take place in July this year, with Ghana's Republic Day earmarked as the symbolic date to unveil what he describes as a bold national agenda for transformation. "We will officially launch the 24-hour Economy programme in July this year, most probably on Ghana's Republic Day, which is a symbolic day for a bold new national agenda," the former president stated during a stakeholder consultative meeting held at the Jubilee House.
Mahama explained that the policy's broader goals are designed to drive Ghana's economic growth through continuous productivity across all sectors. "The 24-hour Economy policy reflects a state where Ghana's productivity and capital utilisation will become so high that we will have to operate in multiple shifts across day and night, maximising the return on infrastructure, on human resources and innovation," he said.
He revealed that a key aspect of the plan would focus on transforming the Volta Lake corridor into a strategic national production and logistics zone. "This corridor, centred on the Volta Lake and the Volta Basin, will become a national production zone and logistics fund. "The plan envisions cultivating over two million hectares of arable lakeside land, revitalising the fishery sector on the lake, and creating a chain of industrial parks that produce goods for domestic and regional markets." To support the transformation, Mahama added that public-private partnerships would be key in developing infrastructure and unlocking investment. "New floating assets, lake ports and long-term investment partnerships will be developed in coordination with the Volta River Authority (VRA) and the private sector," he explained.
He also highlighted financing mechanisms that would underpin the initiative, saying: "On financing, the Development Bank of Ghana and the Venture Capital Trust Fund will scale up value chain finance for SMEs, cooperatives and agribusiness in priority sectors." Summing up the vision, Mahama stressed that the 24-hour Economy is not simply a political pledge but a national mission to deliver inclusive and sustained development. "The 24-hour Economic policy is not just a policy; it is a national compact for shared growth, for decent jobs, for competitive exports, for thriving local economies and long-term prosperity, and we now have to move to the hard work of delivery together." Share this:Click to share on Facebook (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Pinterest (Opens in new window) Related Topics:Feature Advertisement You may like Wontumi's Arrest: Use electronic trackers for high-profile suspects - Martin Kpebu Wontumi hospitalised, responding to treatment - Lawyer confirms EOCO can't be faulted for arresting Wontumi - Appiah-Kubi Politics has infiltrated every fiber of our institutions - Kotin laments Is NPP shielding Wontumi? - Analyst questions party's motives Ato Forson oversees AfDB Presidential Elections John Evans Atta Mills Honoured: UHAS renamed after Ghana's late president Nearly 100,000 health workers remain unemployed due to unchecked training expansion Anne Sansa Daly's appointment was revoked before swearing-in - Ministry of Health clarifies Click to comment Leave a Reply Cancel replyYour email address will not be published.
