Government has unveiled a nationwide plan to construct modern markets in all districts as part of its ambitious 24-Hour Economy Policy.
The initiative, aimed at boosting local trade and job creation, will transform traditional markets into safe, fully serviced commercial hubs, allowing businesses to operate round the clock.
Speaking at a press briefing, Minister for Local Government, Sanitation, and Religious Affairs, Ahmed Ibrahim, stated that the government has allocated 25% of the District Assemblies Common Fund (DACF)—approximately GHC 24 million annually—toward the project. Each market will include essential infrastructure, such as schools, police stations, fire posts, and modern sanitary facilities, ensuring a secure environment for traders and working families.
President John Dramani Mahama is expected to officially launch the 24-Hour Economy Policy on July 1, 2025, reinforcing his administration’s commitment to economic resilience and productivity.
Market women, small-scale traders, and business owners across the country have expressed optimism about the project, noting that extended trading hours will significantly increase sales and employment opportunities.
The initiative aligns with ongoing efforts to revamp Ghana’s commercial sector, including improvements to transport networks, digital payment systems, and market security measures.
Analysts predict that the policy, if successfully implemented, could reshape Ghana’s trade landscape and serve as a model for economic growth across West Africa.
Leave a Reply