The National Democratic Congress’ (NDC) flagbearer, John Dramani Mahama, has unveiled his ambitious vision for a ’24-hour economy’ policy, designed to address the concerning trend of Ghana’s youth embarking on perilous journeys across the Sahara and the Mediterranean in search of better opportunities in Europe.
Mahama’s 24-hour economy initiative takes centre stage in his 2024 re-election campaign, aiming to catalyze economic growth and job creation.
Speaking at the 50th Sunyani Catholic Diocese Celebration, Mahama emphasized his resolute commitment to implementing the policy, driven by the escalating challenges arising from a lack of employment opportunities for Ghana’s dynamic youth.
“Our youth are growing increasingly frustrated with the lack of jobs and are losing faith in the future of our country,” Mahama declared.
“Ghanaian youth are voicing their disillusionment by risking their lives in dangerous migrations across the Sahara and the Mediterranean to enter Europe. We can reverse this trend by strengthening our economy and creating more jobs for our young people. This is an urgent call to action.”
The government has acknowledged Mahama’s proposal for a 24-hour economy, with Finance Minister Ken Ofori-Atta incorporating it into the 2024 budget under the name ‘night economy.’
Mahama clarified that his vision for a 24-hour economy extends beyond a mere night economy focused on boosting tourism. He envisions an economy where all business sectors operate on a three-shift system around the clock, every day of the week, within a secure and safe environment.
“My 24-hour economy concept goes beyond just a night economy to boost tourism,” Mahama emphasized.
“I envision an economy where all business sectors will operate three-shift system 24 hours a day, seven days a week, in an atmosphere of safety and security.”
“This 24-hour economy will be voluntary, not imposed. Businesses will be incentivized to participate by enjoying tax breaks and lower electricity tariffs for operating during off-peak hours. Special meters employing what is known as ‘Time of Use’ (TOU) tariffs will provide cheaper power to such businesses”, he said.
SOURCE: DAILY MAIL GH