President John Mahama has proposed an ambitious initiative to shift Ghana’s economy to operate around the clock, aiming to boost productivity and economic growth across various sectors. The proposal has sparked discussions among economists and policymakers about the feasibility of such a plan and the challenges that may arise. Implementing a 24-hour economy would require significant changes to existing infrastructure, labor policies, and market structures to ensure the plan is both effective and sustainable.
Key considerations for the success of this initiative include the need for modernized transportation networks, reliable energy supply, and updated regulatory frameworks that support round-the-clock operations. Additionally, the workforce must be equipped with the necessary skills and flexibility to adapt to extended working hours and potential shifts in labor demands. While the plan has the potential to drive significant economic growth, its implementation will depend on how well these factors are addressed.
Experts are cautious about the immediate impact of the proposal, highlighting the importance of a phased approach to minimize disruptions and ensure long-term viability. The government will need to engage with stakeholders, including businesses, labor unions, and international partners, to develop a comprehensive strategy that balances innovation with the practical constraints of implementing a 24-hour economy in a developing nation like Ghana.