
Audio By Carbonatix
Government Communications Minister Felix Ofosu Kwakye says the government is moving to implement its 24-hour economy policy, describing it as a game-changing initiative that will revolutionise Ghana’s economy and significantly boost job creation.
Speaking on JoyNews’ AM Show, the minister said the policy was one of the government’s most popular campaign promises and a central pillar of its strategy to address the country’s economic challenges.
“It was the most popular promise. I believe that fixing the economy and the problems we had was, in my view, the number one expectation that we had about this. The 24-hour economy was perhaps the most popular of the promises we made, and it gained wide acceptability,” he said.
Mr Ofosu Kwakye explained that since assuming office, the government has taken concrete steps towards implementing the policy. He noted that one of the President’s earliest actions was the appointment of an adviser on the 24-hour economy, who has been working with a technical team to finalise the policy framework.
“At the moment, steps are being taken to establish a 24-hour authority, which will then have the full mandate of law to implement the programme. About 110 million Ghana cedis has been allocated to facilitate implementation,” he added.
According to the minister, once the framework is completed, the authority will roll out a registration programme for both public and private entities interested in participating, while ensuring that the promised incentives are delivered.
“Then we’ll begin to reap the full benefits of the programme, because it is a game-changer that will revolutionise the economy. It will expand the frontiers of our economy and, more importantly, create jobs. Once you expand the economy, you create more space for the teeming youth of our country who are in search of jobs. And we are excited that this will start pretty soon,” he concluded.
Latest Stories
-
ICC confirms Burkina Faso, Mali and Niger move to leave court
41 minutes -
Switzerland beat Algeria for first World Cup knock out win in 88 years
52 minutes -
A case for entrusting public sector waste management to the Ghana Armed Forces
2 hours -
Oil up slightly ahead of long US weekend as peace efforts hold
2 hours -
Ghana Platinum Excellence Award launched to honour institutions with over 20 years of impact
2 hours -
Floods are killing Ghana’s economy one traffic jam at a time – Prof Peter Quartey
2 hours -
Abu Jinapor calls for Mahama-Ramaphosa intervention as Ghana-South Africa diplomatic tensions deepen
2 hours -
We are wasting money – Prof Peter Quartey says Ghana is paying billions for failure to prevent floods
3 hours -
Mali creates state body to regulate artisanal gold trade
3 hours -
Air Force to investigate officer who called for Trump impeachment
3 hours -
National Day of Prayer and Thanksgiving an annual national observance, not a response to floods – Elvis Afriyie-Ankrah
3 hours -
India issues notice to Telegram, Signal on concerns over usernames, source says
3 hours -
You can’t trade lives for fiscal discipline – Oppong Nkrumah blasts government over flood deaths
3 hours -
Flood disaster must spur urgent action, government should fast-track relief – CPS
3 hours -
Ghana cannot afford bureaucracy if it wants billions in green investment, says Annoh-Dompreh
4 hours