Audio By Carbonatix
Former Finance Minister and Member of Parliament for Karaga, Mohammed Amin Adam, has criticised the government’s 24-hour economy policy, describing it as a slogan without a clear implementation strategy.
According to him, attempts to force public institutions to operate around the clock without recruiting additional staff demonstrate a flawed approach to the policy.
“The 24 hour economy remains a slogan. I have observed a pattern where government is forcing public agencies to operate 24Hrs without increasing staff. A public sector approach to this policy is fundamentally flawed,” he stated.
Dr Amin Adam argued that expectations that the policy would create jobs through the public sector were unrealistic because government lacks the financial capacity to support such expansion.
He noted that the public sector wage bill already accounts for a significant portion of the national budget.
“The wage bill is 30% of the Budget (33% in 2025). Doubling the wage bill will bankrupt the country. Even the most reckless government cannot do this,” he said.
The former Finance Minister further claimed that the policy had effectively stalled because the government had failed to provide the incentive package promised to the private sector in the 2026 Budget.
He alleged that the 24-Hour Economy Secretariat had also not received funding from the GHS110 million allocation approved for the year, insisting that “the policy is dead on arrival. It is a scam!”
Latest Stories
-
Accra Brewery warns higher beer taxes could hurt jobs, investment
35 seconds -
We are improving Free SHS, not cancelling it – Mahama
2 minutes -
Asante Berko bribery case: See copy of indictment document describing duties and roles of Ghana official 1, 2, and the others
3 minutes -
Beyond awareness: Why the patient journey matters in cancer care
5 minutes -
IERPP questions US$18bn Bank of Ghana forex interventions and 24-Hour Economy funding
9 minutes -
Republic Bank Ghana PLC appoints Elsie Enninful-Adu as Non-Executive Director of the Board
19 minutes -
Black Queens demand clarity over unpaid allowances, challenge Sports Ministry’s claims
20 minutes -
Asantehene to grace Mfantsipim School’s 150th anniversary celebrations in November
38 minutes -
Agbogbloshie yam traders reject proposed 24-hour market structure
38 minutes -
Christian Council condemns assault on handcuffed cleric, calls for calm and lawful action
41 minutes -
Police foil attempted robbery at GCB Bank in Labone; two suspects killed, one arrested
45 minutes -
Minority questions need for Parliament recall as Majority defends decision
1 hour -
NHIA releases 13 staff to Ghana Medical Trust Fund after one-year secondment
1 hour -
Can traditional purification help curb frequent road crashes and deaths?
1 hour -
KsTU-TUTAG threatens strike, gives gov’t August ultimatum to pay post-retirement salary arrears
1 hour