24-hour businesses’ll get tax breaks, low power tariffs – Mahama says all-day economy won’t be forced on Ghanaians

Former President John Mahama has said: “My 24-hour economy concept goes beyond just a night economy to boost tourism.

“I envision an economy where all business sectors will operate a 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,” he assured, explaining: “Businesses will be incentivised to participate by enjoying tax breaks and lower electricity tariffs for operating during off-peak hours”.

“Special meters employ what is known as ‘Time of Use’ (TOU) tariffs to provide cheaper power to such businesses,” Mr Mahama said, addressing the 50th Sunyani Catholic Diocese Celebration.

He said: “Our youth are growing increasingly frustrated with the lack of jobs and are losing faith in the future of our country,” indicating how game-chnahing a 24-hour economy would be for job creation.

“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.”

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