Private legal practitioner Martin Kpebu has commended the launch of the 24-Hour Economy initiative by the Mahama administration.
He described the programme, especially the ‘no import duty’ on renewable energy supplies, as very good.
“It is a master stroke,” he said on the KeyPoints on TV3 Saturday, July 5. “The incentives for the policy are classic,” he added.
He further stated that “we have no option but to reduce our consumption of oil and up consumption of renewable energy.”
He also asked the 24-Hour Secretariat to provide periodic updates on the progress of work.
“Maybe every six months, we should get an update from the 24-hour secretariat to see the progress of work. and give feedback,” he said.
President Mahama officially launched the 24-Hour Economy and Accelerated Export Development Programme, a transformative economic policy to revive Ghana’s economy.
Delivering a speech at the launch of 24-hour policy on Wednesday, July 2, the President noted that the initiative is more than a mere policy.
He noted that the Programme is a carefully drafted policy to reset the nation and make Ghana unlock its full productive potential.
“This is more than a policy initiative, it is a national reset, a bold strategic shift to unlock our country’s full productive potential.
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“Today, we reclaim our founder’s vision of a self-reliant, industrious and inclusive African nation that works with its creativity and ensures prosperity for all,” he stated.
President Mahama explained that the policy is a bold and coherent approach needed to dismantle the silos of past policies.
“The 24-hour plus programme is that collective answer. And so we have moved from to slogan to strategy today.
“This launch is not the end but the beginning of a national mobilisation,” he stated.
He emphasised that the 24-hour programme is not only about extending working hours, but an opportunity to unleash productivity, accelerate exports through well-structured multi-sectoral and inclusive interventions.
The programme, a flagship initiative of President John Dramani Mahama’s administration, seeks to re-engineer the country’s productivity architecture by extending economic activity beyond conventional hours and integrating key sectors into a seamless value chain.
With a projected cost of $4 billion, the government is committing between $300 million and $400 million as seed capital to bridge viability gaps and catalyse private sector investment.
The 24H+ programme is positioned as a nationwide economic agenda, with the goal of creating 1.7 million quality jobs within four years.
It targets strategic value chains in agriculture, manufacturing, pharmaceuticals, textiles, infrastructure, and logistics.
The initiative is designed to harness the potential of every Ghanaian, every hour of the day, and reduce reliance on imports while boosting exports.
The programme is presented as nine individual documents: a “Full” report and eight subprogramme reports. The “Full Report” covers the content of the other eight. Each of the remaining eight documents focuses on a specific subprogramme (Grow24, Make24, Build24, Show24, Connect24, Fund24, Aspire24, and Go24).
