Audio By Carbonatix
A retired Specialist Forensic Psychiatrist has called for a strengthened and close collaboration with counties that have successfully implemented the 24-hour economic policy to help achieve the commitment.
John Kuku Dsane said countries such as the United States, United Kingdom, Canada, France, China, Japan, Korea, Bangladesh, India, Taiwan, and Indonesia, among others, have become successful due to a scientific methodology used to implement the policy.
In that regard, he noted there was the need for the government to appoint a policy minister or head of the agency responsible for this project to pursue vigorous and detailed research areas, such as the factors that necessitated and propelled the UK’s Industrial Revolution, in the 17 and 18 centuries.
The rest are the Chinese Industrial Revolution, Dr Kwame Nkrumah's Seven-Year Development Plan for Ghana, and the National Development Planning Commission documentation, among others.
Mr Dsane gave the advice when the Ghana News Agency sought his views in an interview on the benefits of the 24-Hour Economy in Accra
He said there was also the need for detailed and extensive data on key elements of the 24-hour economic policy, adding that data could be obtained from the Association of Ghana Industries, Ministry of Finance budget estimates, Ghana Statistical Service, Ministry of Trade and Industry, Transport, Communication, and the internet Artificial Intelligence (AI).
“Although the challenges to implementation of the 24-hour economy include low productivity, unemployment, poverty and hunger, these challenges will be mitigated by increased productivity, and job creation, as a result of the three shifts rotational system and lead to increased consumer spending and economic growth,” he stated.
Other benefits were potential impact on work-life balance and family time for employees, particular focus, emphasis attention would be laid on agriculture, manufacturing industry, transport services and tourism sectors of the economy, he said.
He said there was a need for close collaboration, cooperation and coordination with stakeholders and development partners and funding institutions such as the World Bank, IMF, Chinese Government, and EU.
Others were the Trade Unions, technical support from the World Bank to evaluate the policy, continuous public education at the district, regional and national levels, improved road and rail infrastructure, establishing industrial hubs or free zone enclaves and provision of constant supply of water and electricity.
“Of utmost importance is the establishment of a Secretariat with adequate staffing level of this 24-hour economic policy.
Mr Dsane expressed gratitude to the President-elect, Mr John Dramani Mahama for his vision and foresight for the flagship policy and called on the media to hype it as a better alternative to advancing the progress of humanity.
Latest Stories
-
IEAG commends GoldBod, BoG for improving forex stability
21 minutes -
Bawumia donates GH¢50,000 to St Jude Catholic Church at Weija
28 minutes -
Mahama calls for faster mobilisation of AU Peace Fund resources
33 minutes -
Improved roads bring new vehicle options to Tumu-Bolga, Tumu-Tamale, Tumu-Wa routes
40 minutes -
Cedi records 7.9% depreciation against US dollar in first half of 2026
47 minutes -
GIS launches operation on anti-human trafficking and exploitative street begging
53 minutes -
Awutu-Senya District Assembly organises clean-up ahead of Awubia Festival
60 minutes -
Vice President Opoku-Agyemang receives Democracy Cup
1 hour -
Eswatini receives two more third-country deportees from US, government says
2 hours -
Libya rivals agree roadmap for elections within 24 months at UN-led talks
2 hours -
Kenya police fire tear gas to disperse traders protesting import duty hike
2 hours -
Eight killed and 18 missing after ferry capsizes off northern Cyprus
2 hours -
Iran vows ‘decisive response’ to first US strikes in weeks
2 hours -
Barcelona close to deal for Arsenal’s Jesus
2 hours -
Three-week international break a concern – Mourinho
3 hours