News Desk
President John Dramani Mahama has signed the 24-Hour Economy Authority Bill, 2025 into law, a significant step towards transforming Ghana’s economy. The bill establishes a 24-Hour Economy Authority to oversee the implementation of the policy, aligning public and private sector efforts, and addressing infrastructure and regulatory needs.
In his remarks after the signing, President Mahama emphasized the importance of moving from strategy to implementation, stating, “Now we must move from strategy to implementation. The business sector is waiting, Ghanaian investors are waiting, foreign investors are waiting”.
The President explained that the process took time to ensure due diligence, but the wait is over, and the focus is now on implementation. He added, “They want to see the package of incentives that we can afford, so that they can invest more and expand productivity and also create more employment for our young people”.
The 24-Hour Economy Authority is expected to play a crucial role in implementing the policy, which aims to boost productivity, create jobs, and attract investment. The bill was passed by Parliament on February 6, 2026, and is seen as a key component of the government’s economic transformation agenda.
Source: www.thenewindependentonline.com
