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Ghana’s 24-Hour Economy: Legal Foundation Secured, Transformative Projections for 2030–2034
February 22, 2026 – President John Dramani Mahama signed the 24-Hour Economy Authority Bill, 2025 into law on February 19, 2026, at Jubilee House. This establishes the statutory 24-Hour Economy Authority as the central coordinating body to drive round-the-clock operations across key sectors. The move transitions the flagship policy—launched on July 2, 2025—from vision to enforceable framework, aiming to shift Ghana from an 8-hour economy to a 24/7 productivity model.
Core Objectives and Targeted Sectors
The policy promotes a three-shift system (8 hours each) in manufacturing, ports (Tema and Takoradi), agro-processing, pharmaceuticals, textiles, logistics, infrastructure, banking, ICT, retail, and services. Goals include:
•Maximizing idle infrastructure capacity.
•Adding value to raw commodities (cocoa, gold, oil) to cut raw exports and costly imports.
•Accelerating non-traditional exports.
•Creating sustainable, shift-based jobs, especially for youth.
Government seed funding: GH¢110 million allocated in the 2026 budget, within a broader $4 billion programme (government catalytic contribution of $300–400 million to leverage private investment via commercial banks, DFIs, and blended finance).
Short-Term Targets (2026–2029/2030: Next 4 Years)
•Job Creation: Official target of 1.7 million quality jobs over four years (some reports cite up to 2 million). Focus on youth and women in manufacturing, agriculture, wholesale/retail trade, services, construction, and transport.
•Productivity & Exports: Full utilization of ports and factories to reduce congestion, speed up exports, and drive import substitution.
•Implementation Roadmap: The new Authority will roll out incentives (off-peak tariffs, tax breaks, security support), review the Labour Act and GIPC Act, and coordinate public-private partnerships. Over 5,000 SMEs have already joined the Ghana 24/7 Readiness Programme.
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