President John Dramani Mahama has reaffirmed his determination to fully implement the 24-Hour Economy initiative, describing it as a bold step toward transforming Ghana’s economy.
Delivering his State of the Nation Address on Friday, February 27, Mahama praised Parliament for passing the 24-Hour Economy Authority Bill, noting that the approval cleared the way for its formal assent.
“I want to thank this House. On February 6, 2026, the House passed the 24-Hour Economy Authority Bill, establishing the regulatory framework and legal mandate necessary for full implementation. All is now set for take-off,” he said.
According to the President, the initiative will allow businesses to operate beyond conventional hours, attract investment through partnerships with the Development Bank of Ghana and the Ghana Infrastructure Development Fund, and create new opportunities for growth and employment, particularly for young people.
“In this year’s budget, 110 million has been allocated to begin the setting up and implementation of the 24-Hour Economy Authority. These resources will enable businesses to trade beyond traditional business hours,” Mahama explained.
He described the program as a comprehensive measure that will expand trading opportunities, enhance productivity, draw both local and foreign investment, and position Ghana as a resilient and innovative economy in the sub-region.
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