A Daring Vision for Ghana’s Future – Ghana Information On-line
Former President John Dramani Mahama has unveiled an formidable and transformative financial coverage, the 24-Hour Economy, as a part of the National Democratic Congress (NDC) agenda for Ghana’s financial revival. This progressive coverage goals to revitalize key sectors, drive sustainable progress, and create a sturdy framework for steady productiveness.
At its core, the 24-Hour Economy is constructed on a method of round the clock operations in each companies and public establishments, structured in three eight-hour shifts. This strategy seeks to extend employment, improve productiveness, increase income technology, and develop entry to crucial public companies.
In a current tackle, Mahama highlighted the transformative potential of the coverage, stating:
“The 24-Hour Economy is more than just a policy; it’s a catalyst for industrialization, export promotion, and job creation. It’s about building an economy that works for everyone, every hour of the day.”
Transforming Key Sectors
The coverage is centered on reinvigorating key sectors similar to agro-processing, manufacturing, prescription drugs, building, and monetary companies. To help this imaginative and prescient, strategic investments in infrastructure, vitality, and safety will present companies with a conducive setting for progress.
Public establishments with excessive buyer interactions, similar to ports, customs places of work, and the Driver and Vehicle Licensing Authority (DVLA), will function on a 24-hour schedule to reinforce effectivity and repair supply.
To oversee these efforts, an Accelerated Export Development Authority (AEDA), chaired by the President, will coordinate export promotion methods. The implementation of a brand new Employment Act, developed in session with organized labor and key stakeholders, will guarantee easy regulation of the coverage whereas addressing labor considerations.
Supporting Businesses and Workers
A cornerstone of Mahama’s imaginative and prescient is a complete help framework for companies collaborating within the 24-Hour Economy. Benefits embrace:
- Tax incentives to ease operational prices.
- Financing help by means of the Ghana Exim Bank.
- Cheaper electrical energy charges through a Time-of-Use tariff system.
The coverage additionally promotes the Made in Ghana Agenda, encouraging the consumption of regionally produced items to stimulate home demand and increase nationwide pleasure.
For staff, the coverage ensures decent-paying jobs and improved welfare. The structured eight-hour shifts purpose to reinforce work-life stability whereas fostering a tradition of fine work ethics throughout private and non-private sectors.
A Vision for National Development
John Mahama’s 24-Hour Economy Policy exemplifies visionary management, concentrating on import substitution, export promotion, and industrialization. By leveraging these methods, Ghana is poised to emerge as a aggressive pressure within the international financial system.
As the December 2024 elections strategy, this daring coverage outlines a transparent and inclusive pathway to financial revitalization, guaranteeing alternatives for all Ghanaians. With its complete framework, the 24-Hour Economy Policy underscores Mahama’s unwavering dedication to transformative nationwide growth.
