The 24-Hour Economy and Accelerated Export Development Programme, a flagship initiative of the National Democratic Congress (NDC), aims to revolutionize Ghana’s economic landscape by fostering job creation, enhancing productivity, and promoting industrialization and economic resilience. This ambitious program is structured around several key subprograms, each designed to address specific areas of economic development, and is meticulously documented to ensure clarity and accessibility for all stakeholders. A central component of this initiative is Fund24, designed to streamline access to various funding opportunities and serve as the financial engine driving the program’s success.
Presidential Advisor Augustus Obuadum Tanoh emphasized the importance of Fund24 for individuals and businesses seeking financial assistance. He highlighted the program’s comprehensive documentation, which includes a full report and eight subprogram-specific reports: Grow24, Make24, Build24, Show24, Connect24, Fund24, Aspire24, and Go24. This modular approach allows individuals to focus on areas relevant to their specific needs while gaining a holistic understanding of the overall program. For instance, those interested in infrastructure development can directly consult the Connect24 document, while those seeking funding can refer to Fund24 for information on available resources and the government’s investment attraction strategy.
The 24-Hour Economy Programme is not just a standalone initiative; it is designed to synergize with existing and future government interventions. This integrated approach aims to maximize impact, eliminate redundancies, and ensure efficient resource allocation. Collaboration with various ministries, departments, agencies, and district assemblies will be crucial to streamline implementation and ensure that the program aligns seamlessly with broader national development goals. This collaborative framework underscores the government’s commitment to coordinated and effective policy execution.
Furthermore, to enhance accessibility and user-friendliness, the government is finalizing an incentives package in consultation with the Ministry of Finance. This package is being designed to minimize bureaucratic hurdles and arbitrary decision-making, ensuring a transparent and efficient process for accessing benefits. The emphasis on streamlined processes and strategic targeting of incentives reflects the government’s commitment to maximizing the impact of the program and ensuring that resources are utilized effectively to achieve optimal outcomes.
The program’s modular structure, coupled with the streamlined incentives package, underscores the government’s commitment to making the 24-Hour Economy accessible and beneficial to all stakeholders. The clear documentation and targeted subprograms ensure that individuals and businesses can easily navigate the program and identify opportunities relevant to their specific needs. This user-friendly approach aims to empower individuals and businesses to actively participate in and contribute to the program’s success.
In essence, the 24-Hour Economy and Accelerated Export Development Programme represents a comprehensive and strategic approach to economic transformation. By focusing on key sectors, streamlining access to funding, and fostering collaboration across various levels of government, the program aims to create a dynamic and resilient economy that benefits all Ghanaians. The emphasis on clear communication, accessible resources, and streamlined processes reflects the government’s commitment to ensuring that the program’s benefits reach all segments of society, fostering inclusive and sustainable economic growth.
