24-Hour Economy is the Dream Changer for Ghana: John Mahama
Former President of Ghana, John Dramani Mahama, has highlighted the importance of a 24-hour economy in transforming the nation’s economic landscape. Speaking at a recent event, Mahama emphasized that adopting a round-the-clock economy could be a game changer for the country, unlocking new potential for growth, job creation, and national development.
The concept of a 24-hour economy revolves around ensuring that key sectors of the economy—such as retail, manufacturing, services, and entertainment—operate seamlessly throughout the day and night. Mahama pointed out that many advanced economies have thrived by embracing this model, which allows businesses to maximize productivity, cater to a larger consumer base, and stimulate consistent economic activity.
In Ghana, the benefits of such a system could be transformative. For one, a 24-hour economy would create additional employment opportunities, particularly for young people, who make up a significant portion of the country’s population. With businesses operating for longer hours, there would be an increased demand for workers in various sectors, from logistics to customer service. This would help reduce the high unemployment rate and alleviate poverty.
Mahama also noted that a 24-hour economy could make Ghana more attractive to foreign investors. Global investors are keen on markets that demonstrate resilience, efficiency, and the ability to operate at all hours. By shifting towards a 24-hour work schedule, Ghana would be better positioned to attract such investments, boosting industries like tourism, retail, and hospitality, which thrive on continuous activity.
Furthermore, the continuous flow of economic activity would lead to a more stable and diversified economy, less vulnerable to shocks or seasonal fluctuations. By leveraging technology, infrastructure, and energy resources effectively, Ghana can build a resilient economic model that supports sustainable growth.
John Mahama’s vision for a 24-hour economy represents an exciting opportunity for Ghana to tap into its full potential, fostering innovation, progress, and prosperity for all Ghanaians.
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