The CEO of the Ghana National Chamber of Commerce and Industry (GNCCI) has warned that the ambitious 24-Hour economy policy will amount to little more than a slogan unless government urgently addresses the structural constraints businesses face.
Mark Badu-Aboagye, particularly, singled out the high cost of power and credit. "Launching a 24-hour economy will not change the harsh business environment that we are facing now," he said on JoyNews' PM Express on Monday, July 7, as he dissected the viability of President John Mahama's recently launched flagship initiative.
Mr Badu-Aboagye stressed that while recent macroeconomic improvements provide a foundation, they are not enough to anchor a meaningful economic transformation. "It is a good start, but it's not enough.
Having inflation down to 13.7% is a necessary condition, but not sufficient to change the structure of the economy," he said.
