BREAKING: Mahama’s 24-Hour Policy to Boost Economy: 12 Key Sectors Identified for Immediate Action
Last Sunday, Mr. John Dramani Mahama, the flag bearer of the National Democratic Congress (NDC), elaborated on his ambitious 24-hour economy policy during an online event.
**Mahama Unveils 24-Hour Economy Initiative to Address Ghana’s Unemployment and Production Deficits**
Former President John Mahama has launched a comprehensive economic plan aimed at tackling Ghana’s pressing issues of youth unemployment and production deficits by transitioning to a round-the-clock economic model. Dubbed the 24-Hour Economy initiative, the plan seeks to promote local production for both domestic and export markets, aligning with the National Democratic Congress’s (NDC) import substitution strategy.
Mahama criticized the current administration for abandoning the 40-year National Development Plan, which included his 24-Hour Economy proposal. He argued that the current eight-hour working system is inadequate for creating the necessary production, productivity, and well-paying jobs needed to revive Ghana’s economy.
Under the initiative, businesses and government institutions would operate 24/7, employing a three-shift system to double or triple the number of jobs available in both public and private sectors. This approach aims to enhance service delivery and generate well-paying jobs.
THE 12 KEY INDUSTRIES
The plan focuses on 12 key industries, services, and sectors, including ports and harbour services, customs services, agro-processing factories, manufacturing industries, construction companies, sanitation and waste management services, financial institutions, healthcare services, community pharmacy care, tourism, creative arts and entertainment, and retail centers.
The former President emphasized that the initiative is designed to provide extraordinary measures to address Ghana’s economic challenges. He believes that this approach will not only create new jobs but also boost economic growth and development.
The 24-Hour Economy initiative is set to be a game-changer for Ghana’s economy, and stakeholders are eagerly awaiting its implementation.
