President John Dramani Mahama has officially announced that Ghana’s much anticipated 24‑Hour Economy initiative will commence on July 1, 2025, with Tema and Takoradi ports transitioning to round‑the‑clock operations.
This marks a major shift toward sustained economic productivity and job creation.
Ghana’s 24-Hour Economy policy is set to officially launch on Republic Day, July 1, 2025. As part of the initial phase, the ports of Tema and Takoradi will begin operating around the clock to enhance trade efficiency.
A dedicated 24-Hour Economy Secretariat has already been established and is expected to receive formal legal backing from Parliament ahead of the launch.
The policy is designed to increase national productivity, ease congestion, and stimulate export-led growth particularly in sectors like horticulture and logistics.
A major component of the initiative includes developing the Volta Lake Economic Corridor into a logistics and production hub, with the broader goal of creating significant employment opportunities across the country.
This Adom TV feature interviews key industry actors on their readiness and the implications of implementing a 24‑hour economy across sectors.
The 24-Hour Economy initiative marks a strategic step in Ghana’s economic revitalization efforts, aligning closely with the country’s broader agenda for macroeconomic stability under the IMF-backed recovery program.
By extending operational hours particularly at key ports the policy is expected to drive industrial growth, enhance value-added exports, and improve capital utilization across sectors.
A core objective is to significantly expand employment opportunities, especially for the youth, by stimulating activity in logistics, production, and related services.
As the July 1 launch approaches, the government has stepped up efforts to engage the private sector, inviting businesses to actively collaborate in rolling out the policy.
These partnerships are seen as critical to ensuring sustained impact and long-term success.
In the lead-up to the July 1 launch, Parliament is expected to grant formal legal backing to the newly established 24-Hour Economy Secretariat, solidifying its mandate.
Following the initial rollout at the Tema and Takoradi ports, the policy will gradually expand across other sectors such as manufacturing, logistics, and selected service industries in phased implementation.
Government will continue deepening collaboration with industry groups, SMEs, and private-sector stakeholders to ensure smooth integration and maximize the policy’s economic impact.
This ongoing engagement is seen as vital to aligning business operations with the policy’s long-term objectives.
This marks a bold leap in Ghana’s economic transformation moving from a production model limited to daylight hours toward a fully activated, around‑the‑clock economy.
Source: Myxyzonline.com
