Presidential Advisor on the 24-Hour Economy, Goosie Tanoh, has clarified that the policy is not intended to compel businesses to operate 24 hours a day but to create conditions that encourage voluntary expansion.
In an interview with the Ghana Broadcasting Corporation (GBC), Mr Tanoh explained that the government’s strategy focuses on building a conducive economic environment that enables firms to increase production, invest confidently, and create more jobs.
He noted that the success of the 24-Hour Economy will depend on higher productivity, expanded industrial capacity, and a supportive investment climate that makes scaling up financially attractive. “If an economy is operating at full capacity, no one needs to tell industry to add shifts. Companies will naturally expand when the marginal revenue exceeds the marginal cost of production,” he stated.
Mr Tanoh’s comments follow President John Dramani Mahama’s assent to the 24-Hour Economy Authority Bill on February 19, which establishes the institutional framework to coordinate and oversee the rollout of the policy.
Government officials maintain that the initiative will drive productivity, boost exports, and generate employment by encouraging industries, logistics firms, and service providers to extend operations beyond conventional hours.
