Mahama Says 24-Hour Economy Ready for Take-Off After GH¢110m Allocation
President John Dramani Mahama has stated that all is now set for the implementation of the government’s 24-hour economy policy.
Delivering the State of the Nation Address in Parliament on February 27, 2025, President Mahama explained that the passage of the 24-Hour Economy Authority Bill and the recent budgetary allocation of GH¢110 million have brought the policy to its final stage of implementation.
“I had the honour of signing this historic legislation into law. All is now set for take-off. This is the boldest economic transformation initiative in Ghana’s recent history. In this year’s budget, GH¢110 million has been allocated to begin the setting up and implementation of the 24-hour Economy Authority.These resources will enable businesses to operate beyond traditional working hours. They will attract investment through strategic partnerships with the Development Bank Ghana and the Ghana Infrastructure Investment Fund, and they will strengthen the foundations for sustained growth and job creation, especially for our young people. This is about building prosperity and restoring our people’s hope through concrete action.”
The President also indicated that the Nkokɔ Nkitinkiti programme is currently underway and is expected to reach 60,000 households , an additional 5,000 beyond the 55,000 projected last year.
“The Nkokɔ Nkitinkiti programme is underway as I speak, and the target is to reach 60,000 households. Even before I officially launched the programme, 720 beds had been distributed during the pilot phase to 13,000 farmers across 12 districts. I recently commissioned a poultry processing factory in Bichim to support the expected growth in poultry production.”
President Mahama added that these initiatives form part of the government’s broader strategy to create jobs, stimulate economic growth, and reduce unemployment across the country.
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