The Chairman of Parliament’s Constitutional and Legal Affairs Committee, Shaibu Mahama, has disclosed that the House is currently preparing a Legislative Instrument (L.I) for the 24-Hour Economy bill for submission to Parliament.
He explained that the effective implementation of the proposed 24-Hour Economy Bill will depend on a Legislative Instrument (L.I.) which he said will be ready before the end of life of the current session of Parliament.
He made the statement in an interview on TV3’s Hot issues, Sunday, February 8, 2026.
“You have to operationalize it by bringing to Parliament what we call the Legislative Instrument or L.I. It is in the Legislative Instrument that you will find the details.
“The L.I. should be in parliament before the end of the life of this session of Parliament,” he stated.
According to him, critical elements such as the definition of key policy components — including the Accelerated Export programme — and the roles of relevant institutions will be clearly outlined in the L.I.
“When we say Accelerated Export, the L.I will now detail what that is, who is to do what, what is the interface between the institution and other institutions that are supposed to coordinate,” he explained.
Mr. Mahama emphasized that the Bill itself does not contain those specific administrative and coordination details, as such matters are typically addressed through regulations that follow the passage of legislation.
“The bill itself will not tell what those details are, it is the L.I or the regulations that will follow this bill,” he noted.
He further revealed that due to the urgency and importance the government attaches to the 24-Hour Economy policy, work on the Legislative Instrument is already underway.
“As I speak to you, because of the urgency and importance that government attaches to this, the regulations or the Legislative Instrument is being prepared to get this operationalized,” he said.
Parliament has officially passed the 24-Hour Economy Authority Bill, 2025, a flagship policy of the John Mahama administration.
The bill was passed after extensive deliberations and debate between the Majority and Minority caucuses on the floor of the House on Friday, February 6, 2026.
The objective of the Bill is to establish the 24-Hour Economy Authority to implement the 24-Hour Economy and Accelerated Export Development Programme.
The 24-Hour Economy and Accelerated Export Development Programme seeks to address longstanding structural issues within the productive economy of the country.
It further seeks to reduce the dependence of the country on exporting relatively low-value raw materials and reliance on costly imported finished and intermediate goods.
The Authority is expected to ensure the integrated, sustainable transformation of national systems for economic production, supply chain, marketing and labour power development.
The bill, which was laid before Parliament in late 2025, is designed to transform Ghana’s economy into a 24-hour operational system. It provides for the establishment of a 24-Hour Economy authority to serve as the central coordinating body responsible for implementing the policy nationwide.
