Finance Minister Dr. Cassiel Ato Forson announced that the government’s proposed 24-hour economy policy will soon be presented to Parliament. Apexnewsgh reports
This key initiative, led by the Mahama-led National Democratic Congress (NDC) government, aims to encourage businesses to operate around the clock, driving sustainable economic growth and creating jobs.
Dr. Forson emphasized the government’s commitment to implementing the 24-hour economy, highlighting its potential to maximize the use of infrastructure and resources while increasing productivity across key sectors. This initiative aligns with the administration’s broader agenda of enhancing economic opportunities and ensuring inclusivity in employment.
To ensure a smooth rollout, the government plans to offer incentives to businesses willing to operate beyond traditional working hours. These incentives may include tax breaks and reduced electricity tariffs for companies that adopt the 24-hour economy model.
The 24-hour economy policy is expected to be a catalyst for industrial expansion and investment, with the potential to increase Ghana’s real GDP growth by 31.71% over the next decade. Dr. Forson urged Parliament to support the initiative, emphasizing the need for collaboration between the public and private sectors to ensure its success.
As the government moves forward with the 24-hour economy policy, Ghanaians can expect a comprehensive framework outlining the details of the policy to be presented to Parliament for further deliberation.
Source: Apexnewsgh.com
