The Asantehene, Otumfuo Osei Tutu II, has called on investors to bolster Ghana’s energy sector, highlighting its pivotal role in the successful establishment of a 24-hour economy.
During a meeting with representatives from Dream Power Africa, a solar energy firm, on Wednesday, May 21, at the Manhyia Palace, the Asantehene underscored the necessity of reliable electricity for the nation’s progress.
“The government is currently discussing a 24-hour economy. For this initiative to succeed, energy must also be accessible in rural areas, and industries will require it to operate effectively. From a broader perspective, this will contribute significantly to the development of our country,” he remarked.
The National Democratic Congress (NDC) has identified the 24-hour economy as a central policy commitment in the lead-up to the 2024 general elections. This initiative aims to foster continuous economic activity across various sectors, including manufacturing, agriculture, healthcare, and information and communications technology (ICT), by encouraging businesses and public institutions to operate in shifts around the clock.
President John Dramani Mahama has characterised the 24-hour economy as part of a wider industrialisation strategy and a potential solution to youth unemployment in Ghana.
He has clarified that participation in this policy will be voluntary for businesses and will be backed by suitable legal and policy frameworks.
While the policy is still in the planning stages, President Mahama has appointed Augustus “Goosie” Tanoh as the Presidential Advisor on the 24-Hour Economy and Accelerated Export Development, entrusting him with the responsibility of spearheading the implementation of this flagship initiative.
