President John Mahama on Wednesday engaged the leadership of businesses and captains of industries on the Government’s new “24-Hour Economy Policy” at the Presidency in Accra.
The “24-Hour Economy Policy” is a policy that aims to stimulate economic activity by encouraging businesses to operate around the clock, or at least in multiple shifts, to increase productivity and create jobs.
The President’s multi-sectoral engagement on the implementation of the “24-Hour Economy Policy”, which is a crucial part of a national reset agenda of the government, was attended by over 200 participants.
President Mahama said the 24-Hour vision was both a destination and a programme.
He said that as a destination, the 24-Hour Economy Policy reflected a state where Ghana’s productivity and capital utilization would become so high that they would have to operate in multiple shifts across day and night, maximizing the return on infrastructure, on human resources and innovation.
This idea, he said, captured the public imagination during the 2024 campaign, which remained at the core of their drive towards full employment and inclusive economic growth.
He said that as a programme, the 24-Hour Economy demanded a deep and deliberate restructuring of our productive economy.
“We must re-engineer our production systems from top to bottom, boosting volumes and diversity, and shifting from reliance on raw materials towards the export of value-added products, wholesome foods, pharmaceuticals, garments, industrial inputs and digital services,” President Mahama said.
Credit: JOYONLINE