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Opinions of Saturday, 25 May 2024

Columnist: Anthony Obeng Afrane

Prospects of Mahama's proposed 24-hour economy

Former President John Dramani Mahama Former President John Dramani Mahama

H.E. John Dramani Mahama's proposed 24-hour economy policy has many potential benefits that could foster economic growth and create a more vibrant and dynamic environment. President Mahama envisions this policy as a key driver for uplifting the nation's prospects and providing opportunities for its citizens.

The Mahama 24-hour economy policy is also a strategic initiative seeking to extend business operating hours beyond the traditional framework, thus creating a more flexible and productive economic landscape. The policy is primarily anchored on the overarching vision of the young man from Bole to create sustainable jobs for Ghanaians.

This policy aims to transform Ghana into an import substitution and export-led economy, modernizing and mechanizing agriculture, and providing incentives for the private sector to thrive.

Additionally, the policy will promote agro-processing and manufacturing, significantly reduce the cost of doing business, enhance productivity, and give participating businesses a competitive edge to scale up production.

With businesses operating round the clock, consumers would have more flexibility in terms of when they can shop and access services. This could potentially boost consumer spending and stimulate economic activity.

A 24-hour economy could make Ghana more competitive on the global stage, attracting foreign investment and encouraging businesses to expand their operations, leading to increased trade and economic development.

Moreover, extended operating hours would allow essential services such as healthcare, transportation, and security to be available at all times, leading to improved service delivery and better access to services for Ghanaian citizens.

Of paramount importance is the fact that the policy will address the critical problem of high unemployment confronting Ghanaians, especially the youth.

These are the heartfelt desires of the man who has the welfare of the people of Ghana at heart and wants to do everything within his power to help. He should not be denied this opportunity. Let us vote massively for him and his parliamentary candidates on December 7.