The President of the Association of Ghana Industries (AGI), Seth Twum Akwaboah, has asserted that government’s 24-hour economy policy holds significant potential to transform the economy provided that authorities prioritise effective implementation over quick results.

Speaking on Joy News’ PM Express, Akwaboah cautioned that the initiative should not be judged by its name but by the specific policies and programmes designed to achieve its objectives.

“For me, I don’t bother so much about the clichés you create, whether it’s 24-Hour Economy or 1D1F; that’s not really the issue for me. It is more of what you do within those policies,” he said.

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He explained that the success of the policy will depend on its design, stakeholder consultation, and effective execution.

While initial uncertainty surrounded the concept, he noted that engagements with government have provided greater clarity.

“I think we are making good progress because now it’s coming clearer. Government is defining,” he added.

Akwaboah stressed that the initiative should be treated as a long-term vision, not a programme expected to deliver immediate results, drawing parallels with the One District, One Factory (1D1F) initiative.

He welcomed government’s launch of a blueprint for the 24-hour economy, saying it contains several ideas that could support growth if properly implemented.

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The AGI, he said, remains committed to working with government through the 24-hour economy secretariat to ensure success.

“We are working with the 24-hour economy secretariat to implement some of the things they said they will implement,” he noted, adding that successful implementation could have a major impact on Ghana’s economy.

DR/SA