The Association of Ghana Industries (AGI) has officially welcomed the passage of the 24-Hour Economy Authority Act, 2025, describing the new law as transformative for the nation’s industrial sector.
In a statement signed by the AGI President, Dr. Kofi Nsiah-Poku, on 9 February 2026, the initiative is a decisive move to move Ghana toward an export-led economy by maximizing round-the-clock productivity and strengthening local supply chains.
The Association noted that, while Ghana’s macroeconomic indicators are currently showing positive trends, the long-term sustainability of the economic recovery depends heavily on diversifying the export base.
According to the AGI, the 24-hour policy is expected to create significant employment opportunities, increase national productivity, and reduce the country’s over-reliance on imported goods, thereby reinforcing economic resilience.
A central highlight for the industrial body is the incentive package integrated into the new legal framework.
The AGI specifically pointed to tax rebates for multi-shift operations, subsidized night-time electricity tariffs, and fast-track import duty waivers for production equipment as essential tools for small and medium enterprises (SMEs) to expand.
Association argued that, although these measures may lead to a short-term dip in government revenue, the structural transformation and broader tax base they will create, would ultimately drive superior long-term fiscal stability.
Looking ahead, the AGI has called for the new 24-Hour Economy Authority to prioritise the revival of facilities under existing programs like One District, One Factory, many of which are currently operating below their full capacity.
By Coffie Mawuedem Noel
