Audio By Carbonatix
The Chief Executive Officer (CEO) of the Ghana National Chamber of Commerce and Industry (GNCCI), Mark Badu Aboagye , has called on the government to move beyond simply making campaign promises and focus on the effective implementation of policies.
Speaking on the JoyNews AM Show, Mr Aboagye stressed, “You can’t just announce a 24-hour economy and expect it to work.”
He added that specific conditions must be met on the ground for such a policy to succeed.
He explained that for critical sectors such as manufacturing, certain key conditions need to be in place. “A reliable and affordable supply of electricity is critical for manufacturing businesses,” he pointed out. “Currently, the cost of energy accounts for around 30% of their total production costs. If the government is to provide energy, it must not only be reliable but also affordable for it to make a tangible difference.”
Linking this to the broader concept of a 24-hour economy, Mr Aboagye raised a vital question: “Are we truly prepared for a 24-hour economy? Before we rush into such ambitious plans, we need to ensure that the necessary infrastructure is already in place.”
He also criticised the previous government’s flagship programme, One District, One Factory, as another example of how policy promises often fail during implementation.
“When the programme was launched, entrepreneurs were promised certain incentives to help set up factories. However, many of them did not receive the support they were promised,” he revealed.
This example reinforces his argument that without consistent follow-through, even the best-intentioned initiatives can fail to deliver on their potential.
Mr Aboagye issued a strong call for action: “We need to move beyond political manifestos and focus on how we can actually implement these promises."
" It’s not just about talking; we must ensure the necessary infrastructure and support are in place to make these policies successful.”He concluded.
Latest Stories
-
KNUST Optometry 9th White Coat Ceremony advocates compassionate, visionary optometry care
4 minutes -
GEXIM-GHIB partnership to unlock global finance for Ghanaian exporters – GEXIM CEO
5 minutes -
Mid-Year Budget: Gov’t achieved surplus by compressing expenditure, not boosting revenue – Oppong Nkrumah
9 minutes -
Ghana’s flood crisis reflects institutional neglect, not just poor waste disposal – Prof Frimpong-Boateng
9 minutes -
NPP questions sustainability of govt’s economic gains ahead of Mid-Year Budget
9 minutes -
Photos: Mahama joins African leaders at AU health summit opening ceremony
18 minutes -
Police formally investigate woman after Brit stabbed to death in French village
30 minutes -
The beauty of disaster in Ghana: How politicians benefit from national tragedy
33 minutes -
Two Russians handed down jail terms for terrorism and spying in Angola
34 minutes -
High Court grants police assistance order for Receiver to take possession of Cheddar’s No. 1 Oxford Street Hotel
47 minutes -
Wontumi first casualty of ORAL, others could follow – Mustapha Gbande
53 minutes -
Foresters calls for protection of other urban forests following reversal of Achimota Forest declassification
55 minutes -
Majority, Minority clash over 44% debt-to-GDP ratio ahead of Mid-Year Budget Review
56 minutes -
Two patients exchange blows at Ejisu Government Hospital, damage computers and equipment
1 hour -
‘I’ll die for my party” – TikToker Mama One says after bail over remarks against Mahama
1 hour