Accra: The Government has reaffirmed its commitment to implementing the comprehensive 24-Hour Economy policy as part of efforts to stimulate economic growth and create jobs across various sectors of the economy. Dr Cassiel Ato Forson, the Finance Minister, gave the assurance when he delivered the 2025 Budget Statement and Economic Policy of Government to Parliament on Tuesday.
According to Ghana News Agency, Dr Forson emphasised the aim of the policy, which is to address Ghana's structural economic challenges by creating "an integrated, efficient and increasingly export-driven industrial economy" that maximises the use of national resources, capital, and human potential. He indicated that the 24-Hour Economy initiative would be presented to Parliament as a separate policy document in due course.
In preparation for its implementation, the Government plans to review a number of legislations, including the Labour Act and the Ghana Investment Promotion Centre Act. This legislative review is expected to pave the way for a smoother transition to a 24-hour operational framework, thereby enhancing both economic activity and employment opportunities within the country.
