The 24-Hour Economy Secretariat has announced that more than 412 companies across the country have commenced round-the-clock operations.
About 80% of these businesses are running three shifts, while roughly 20% operate one or two shifts.
Ishmael Nii Amanor Dodoo, Head of Innovative Finance, Partnership, and Markets for the 24-Hour Economy and Accelerated Development Export Secretariat, discussed the progress on The Big Agenda.
He explained that participating companies include both Brownfield and Greenfield projects, with the majority being manufacturing firms. Smaller companies, typically SMEs, often operate one or two shifts.
Mr. Dodoo highlighted the proposed incentive voucher for off-peak electricity use, which is expected to reduce operational costs for all businesses in the initiative. He noted that analysis of off-peak electricity consumption shows variations depending on location and population density.
“The policy is designed to create thousands of jobs while reducing import volumes. Investors have also started funding Captive Energy systems for these companies, aiming to provide electricity at 5–7 cents per kilowatt-hour, with the national grid backing them during any challenges,” he said.
He added that additional incentives are being designed to support participating firms. The Secretariat anticipates that by the end of 2028, thousands more companies will be operating 24 hours a day, driving economic growth and employment opportunities nationwide.
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