President Mahama unveils 24-hour economy authority to booost manufacturing and industrial growth
President John Dramani Mahama has introduced the newly established 24-Hour Economy Authority, which will spearhead a productivity revolution in Ghana’s manufacturing and industrial sectors.
Speaking at the Presidential Dialogue with the Private Sector in Accra, the President elaborated on the policy, which is designed to ensure continuous production across key industries, enabling factories to operate three shifts a day to optimise the utilisation of capital, infrastructure, and labour.
He noted that Ghana cannot achieve rapid industrial growth if expensive machinery and factory plants remain idle for extended periods.
He further stated that transitioning to a 24-hour production model would significantly increase output, reduce unit production costs, and enhance the competitiveness of Ghanaian goods both locally and internationally.
The President stressed that productivity must become the next frontier of Ghana’s economic transformation. To support the transition, President Mahama outlined a package of incentives, including shift-based operational support, off-peak electricity tariffs to lower night-time energy costs, improved industrial security arrangements, and targeted tax exemptions on machinery and equipment for factory expansion.
He added that the Authority would work closely with ministries, the Bank of Ghana, and investment agencies to eliminate bureaucratic bottlenecks that hinder industrial growth.
The President further highlighted that the initiative aligns with Ghana’s strategic positioning under the African Continental Free Trade Area, headquartered in Accra.
By expanding round-the-clock production, he observed, Ghanaian manufacturers would be enabled to supply regional markets, scale up exports, and compete more effectively within West Africa and beyond.
He assured the private sector of the government’s commitment to policy certainty, reliable power supply, and infrastructure support to sustain the initiative, urging businesses to invest in expansion, upgrade skills, and maintain high production standards.
“The Ghana we seek will not be built by rhetoric,” he affirmed. “It will be built by factories operating at scale; day and night producing for Ghana, Africa, and the world.”
