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President John Dramani Mahama has reaffirmed his government’s commitment to taking a facilitative role in the implementation of the ambitious 24-Hour Economy policy, making clear that the private sector will be at the forefront of the initiative.
Speaking at the official launch of the 24-Hour Plus Programme in Accra on Wednesday morning, President Mahama said the policy is designed to create more jobs, boost productivity, and enhance economic resilience by encouraging continuous business operations across key sectors of the economy.
“The private sector will lead the 24-Hour Plus programme. Government will facilitate and not dominate,” President Mahama stated.
He described the government’s involvement as strategic and catalytic, indicating that public funding would be limited to seed investments and infrastructure support rather than ongoing operational control.
“Any government funding in 24-hour plus will be catalytic, serving as seed funding for the 24-hour plus authority and support bulk infrastructure,” he added.
The President explained that the initiative aims to unlock larger pools of financing by leveraging private sector participation. Financing for enterprises under the programme will be sourced from commercial banks, development finance institutions (DFIs), and blended finance instruments, ensuring that the initiative remains commercially viable and attractive to investors.
President Mahama emphasized that by reducing the direct fiscal burden on the state, the government can focus on enabling policies, infrastructure development, and partnerships that create a conducive environment for the private sector to thrive.
The 24-Hour Plus Programme is a key component of Mahama’s economic revitalization agenda, aimed at accelerating job creation, improving service delivery, and positioning Ghana as a competitive player in the global economy.
