Former President John Dramani Mahama has revealed that Ghana’s 24-hour economy initiative stems from deep reflection and lessons drawn from his previous administration. Describing it as a transformative response to Ghana’s structural economic challenges, Mahama positioned the policy as a blueprint for inclusive and sustainable growth.
Speaking at the official launch of the 24-hour economy policy in Accra, Mahama explained that the idea was born out of Ghana’s long-standing struggle with an imbalanced economic model—exporting raw materials cheaply while importing expensive finished goods.
“The vision behind the 24-hour economy and the Accelerated Export Development Programme was born out of reflection during and after my previous term in office,” he said.
“Between 2016 and 2020, it became increasingly clear that Ghana, like many African countries, is trapped in a model of unequal exchange. We export cocoa, gold, timber, and oil, only to buy them back as chocolate, jewellery, furniture, and fuel—at much higher prices.”
Mahama was forthright in his critique of the prevailing system, stating it enriches foreign economies while stifling local development.
“This model does not serve our people. It generates jobs abroad, fuels foreign economies, and supports their education and healthcare systems—while our youth remain unemployed, our industries stagnate, and our import bill skyrockets.”
While touting past achievements in energy, infrastructure, ICT, and human capital, Mahama emphasized that a broader, more coordinated approach was necessary.
“We had laid critical foundations in energy, roads, ICT systems, and human capital. But we knew we had to go further—with a bold, integrated, and coherent plan that breaks down the silos of past policies. The 24-Hour Plus Programme is that collective answer.”
What began as a policy concept has now captured national attention.
“In 2020 and again in 2024, the idea of a 24-hour economy resonated with Ghanaians. It became a symbol of hope, of the possibility for real change. Today’s launch is not the end—it is the beginning of a national mobilization,” he said.
At the launch, Presidential Advisor and Programme Coordinator Mr. Goosie Tanoh praised the diverse team behind the initiative, describing their efforts as driven, inclusive, and deeply patriotic.
“This programme was framed, developed, tested, and documented by a talented, youthful, and professional team between January and May 2025. Their ages ranged from 24 to 69. I am personally grateful to every member of the Secretariat—for your long nights, your creativity, and your dedication to Ghana.”
Tanoh also lauded President Mahama’s leadership for providing the vision that guided the initiative’s development.
“President Mahama’s commitment to building a productive, prosperous, and equitable society has been the driving force behind this programme.”
He further acknowledged the contribution of the National Democratic Congress’ 2024 Manifesto Committee, chaired by Danso Baffoe, now Cabinet Secretary, for helping shape the vision.
“Special tribute goes to the 24-Hour Economy Taskforce Team and the Jobs and Employment Sub-Committee. Your dedication and insights have been invaluable and are deeply appreciated,” Tanoh added.
Credit: Kareen Tei
