Presidential Advisor on the 24-Hour Economy and Accelerated Export Development Programmes, Mr.
Augustus Goosie Tanoh, has emphasised that the success of the 24-Hour Economy initiative hinges on recalibrating and empowering the private sector through the creation of a conducive investment environment.
Speaking on the strategy behind the initiative on Channel One TV's The Point of View on Wednesday, July 2, he explained that government's role is not to fund the expansion directly, but rather to enable a system where private capital feels confident to drive industrial growth and economic activity around the clock. "What we are trying to do is concentrate firepower and work to calibrate the private sector to step up," he said. "The government doesn't have a balance sheet, so what you have to do is to create the ecosystem that allows people to say Ghana is the destination, or 'I am a private person in Ghana, I have so much savings, I think I can invest-either in the security that is related to all these or directly as an investor in a particular project.' But you must create the environment." His comments align with the broader vision of President John Mahama's government to transition the Ghanaian economy toward higher productivity and employment through a 24-Hour Economy model.
The initiative seeks to extend production and service hours across sectors such as manufacturing, health, tourism, and logistics.
