Presidential Adviser Goosie Tanoh has defended the government’s 24-Hour Economy programme, stating its Secretariat cannot resolve decades-old national problems quickly. He argued the initiative addresses challenges that have persisted for over 70 years. Tanoh’s comments come amid increasing public scrutiny regarding the programme’s implementation pace.
Mr. Tanoh highlighted that the 24-Hour Economy Secretariat is barely a year old. He questioned public expectations for it to fix long-standing issues within such a short period. Successive ministries and government institutions have struggled with these challenges for several decades, he noted. The Secretariat is working to establish necessary structures and interventions, a process requiring significant time and coordination.
This initiative forms a key part of the government's broader strategy to boost economic activity and create jobs. The 24-Hour Economy aims to encourage businesses to operate beyond traditional daytime hours. This expansion could potentially increase productivity and revenue generation across various sectors. However, its success hinges on robust infrastructure, security, and policy support. The programme seeks to unlock new economic opportunities for Ghana.
Mr. Tanoh directly challenged critics, asking, “You want us to do what ministries failed to do in 70 years?” This statement underscores the deep-rooted nature of the problems the programme intends to tackle. He stressed that the Secretariat requires sustained effort to effectively implement its agenda. The government views this programme as a transformative step for the Ghanaian economy. It aims to foster a more dynamic and competitive business environment.
The implications for Ghana’s economy are significant. A successful 24-Hour Economy could lead to increased employment, higher tax revenues, and improved foreign direct investment. Businesses operating round-the-clock would require more staff, thereby reducing unemployment rates. Enhanced economic activity could also strengthen the Ghana cedi against major international currencies. However, challenges such as energy supply, security, and logistics must be effectively managed. Investors and businesses will closely monitor the programme's progress. Its long-term success depends on consistent government support and strategic planning. The initiative represents a bold attempt to redefine Ghana's economic landscape. It seeks to position the nation as a regional hub for continuous economic engagement. This requires careful consideration of all factors, including public safety and infrastructure development. The government must ensure that all necessary conditions are met for businesses to thrive in an extended operational environment. This includes providing adequate incentives and regulatory frameworks. The programme's impact on various sectors, from manufacturing to services, will be closely watched. Its ability to deliver on promises will shape public and investor confidence. The government's commitment to addressing these long-standing issues through the 24-Hour Economy will be a key determinant of its legacy. The coming months will reveal how effectively the Secretariat builds the foundational structures needed for this ambitious economic transformation.