President John Dramani Mahama has traced the roots of Ghana's 24-hour economy initiative to deep reflection and lessons learned from his previous term in office, describing it as a transformative response to the country's economic challenges and a blueprint for inclusive growth.
Speaking at the official launch of the 24-hour economy policy in Accra, President Mahama revealed that the vision emerged from Ghana's long-standing struggle with an imbalanced economic model-exporting raw materials cheaply while importing expensive refined goods. "So what are the origins of the 24-hour vision?
The visions behind the 24-hour economy and the Accelerated Export Development Programme was born from reflection during and after my previous term in office," he said. "Between 2016 and 2020, it became increasingly clear that Ghana, like many African countries, is trapped in a model of unequal exchange.
We export raw materials and we import refined finished products.
