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24-Hour Economy Policy: A Recipe for Confusion?

By Ajene Abongo Mashood, NPP Russia Chairman

The launch of Ghana’s 24-hour economy policy has left many scratching their heads. As a keen observer of Ghana’s economic landscape, I believe the policy lacks clear direction, with duplication and bureaucratic processes hindering its effectiveness.

A Complex Bureaucracy

The policy’s dissection into eight categories reveals a complex bureaucratic process. To access the policy’s benefits, one has to navigate through multiple stages, from “Connect 24” to “Make 24.” This raises questions about the policy’s feasibility and potential impact.

Contradictions and Confusion

President John Dramani Mahama’s statements on the policy have added to the confusion. While he says the 24-hour economy is “not just an extension of hours,” the NDC manifesto proposes implementing three shifts, each lasting eight hours, to achieve 24-hour operations. This contradiction has left many Ghanaians puzzled.

Private Sector Leadership

The Minister of Education, Haruna Iddrisu, has further complicated matters by stating that the policy will be led by the private sector, not government. This differs from the NDC manifesto and the current form of the 24-hour economy, raising concerns about the policy’s consistency.

A Clear Alternative

In contrast, the NPP’s “One District One Factory” initiative was a clear policy aimed at boosting Ghana’s industrialization agenda. Coupled with the “One Village One Dam” policy, it aimed to support farmers in the north and promote year-round agricultural activities.

Conclusion

As Ghana moves forward with its 24-hour economy policy, it’s essential to address these contradictions and complexities. The government needs to provide clarity on the policy’s direction and ensure that it’s implemented in a way that’s beneficial to all Ghanaians.

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