President John Dramani Mahama has officially assented to the 24-Hour Economy Authority Bill, enacting a landmark piece of legislation that will transition key sectors of Ghana’s economy to continuous, round-the-clock operations.
The newly passed law is said give companies and public institutions the right to operate 24 hours a day. According to the Government, this is a strategic economic intervention aimed at reviving job creation, enhancing national productivity, and driving sustainable economic growth.
From a legal perspective, the Mahama administration reinforces its commitment to addressing unemployment and broadening economic opportunities, particularly for Ghanaian youth. The law also seeks to catalyze private-sector investment by introducing incentives and regulatory reforms that foster continuous business activity.
Implementation of the 24-hour economy will be supported by comprehensive Government procedures governing labor standards, energy reliability, public safety, and the infrastructure required to maintain 24-hour operations.
Speaking on the bill, President Mahama stressed that the legislative process involved strict scrutiny to ensure the 24-hour policy was both legally sound and practically viable. He attributed the time taken to finalize the bill to a thorough due diligence process aimed at granting the initiative full legal effect.
“Now we must move from strategy to implementation,” President Mahama stated. “The business sector is waiting, Ghanaian investors are waiting, foreign investors are waiting.”