President John Dramani Mahama has emphasised that his administration’s flagship 24-hour Economy programme will not be dominated by government but rather the private sector.
He says the private sector will spearhead the policy whilst the government will take a facilitative role.
The President, speaking at the launch of the programme Wednesday, July 02, 2025, stressed that government will only be an enabler and create the environment for the private sector to thrive within the 24-Hour+ programme.
“The private sector will lead the 24-Hour Plus programme. Government will facilitate and not dominate,” the President stated.
He explained that public funding involved in the initiative would be strategic in nature, describing it as “catalytic” rather than controlling.
“Any government funding in 24-hour plus will be catalytic, serving as seed funding for the 24-hour plus authority and support bulk infrastructure,” he added.
He also stated that the approach is intended to unlock larger pools of financing and subdue the fiscal challenges faced by the state.
Enterprise-level financing, he indicated, will be sourced through commercial banks, development finance institutions (DFIs), and blended finance instruments ensuring that the programme remains commercially viable and attractive to investors.
The policy is expected to drive economic transformation, enhance productivity, and tackle unemployment through round-the-clock operations in key sectors.
It is designed to encourage continuous, shift-based work in industries such as manufacturing, agro-processing, healthcare, transportation, and retail.
The “game changer”, as the government describes it, is expected to create a lot of jobs to increase national output and unlock value across supply chains. The programme, which the government says will not be mandatory, will have companies who enroll in it to benefit from tax incentives, security and stable electricity.
The three pillars upon which the policy is anchored, as outlined by Augustus ‘Goosie’ Obuadum Tanoh, Presidential Advisor on the 24-Hour Economy, are: transforming production, improving supply chains and market systems, and strengthening human capital.
24-Hour Economy: Mahama launches government’s flagship programme
