Brogya Genfi, the Director of Special Duties for the National Democratic Congress (NDC), has recently highlighted the potential of the 24-hour economy policy proposed by ex-President John Dramani Mahama. He characterized it as a revolutionary initiative that would mark a significant milestone in Ghana’s economic landscape, as it would be the country’s first official foray into a 24-hour operational framework. In his remarks on NEAT FM’s morning show “Ghana Montie,” Genfi noted that Ghanaian businesses currently lack the infrastructure or incentive to work around the clock, making this policy not just a concept but a pivotal change designed to boost economic activities through uninterrupted business operations.
The initiative, under Mahama’s envisioned administration, aims to lay the groundwork for businesses to operate continuously, thus facilitating increased productivity and fostering economic growth. Genfi described this policy as a “game changer” that would not only transform the business environment but also support entrepreneurship in Ghana. The introduction of a 24-hour economy is framed as an important step toward enhancing the competitiveness of Ghanaian businesses, which is essential in today’s fast-paced global market. The ambition is for the policy to create a robust framework that encourages companies to embrace continuous operations, ultimately leading to an increase in the availability of jobs and improving the standard of living for many Ghanaians.
The 24-hour economy policy, as outlined in the NDC’s manifesto during its launch at the University of Education, Winneba, consists of a strategic framework where certain sectors are encouraged to adopt a three-shift work schedule consisting of eight-hour shifts. This approach is predicted to not only boost productivity but also create more jobs and improve wage levels as organizations operate throughout the day and night. Genfi emphasized that such changes are integral to supporting a growing economy. By adopting this model, it is anticipated that Ghana’s market will become more dynamic and competitive, encouraging both local and foreign investments.
In advocating for this pioneering policy, Mahama pointed to international precedents established by various countries and cities that have successfully implemented 24-hour operational procedures. He cited notable examples such as the United States, the United Kingdom, Germany, and France, alongside global cities like Sydney, Australia, all of which are characterized by a thriving 24-hour economy that greatly contributes to their prosperity. Genfi reiterated the importance of looking to these successful models, suggesting that Ghana has much to gain from adopting similar economic strategies tailored to local conditions.
Mahama’s emphasis on tailoring the 24-hour economy policy to fit Ghana’s specific context reflects a broader understanding of the nation’s economic needs, underscoring the importance of creating an enabling environment conducive to business growth. The NDC aims to align policies with global trends while ensuring that the local nuances, challenges, and opportunities are adequately addressed. Genfi’s assertions indicate a clear vision of a future in which Ghana’s economy can be more resilient and adaptable through innovative policy initiatives like the 24-hour economy.
In summary, the proposition of a 24-hour economy policy is presented as a transformative idea that promises to reconfigure Ghana’s economic framework significantly. Brogya Genfi’s endorsement of this initiative reflects optimism about its potential impact on job creation, productivity, and the broader economic landscape. By emulating successful global economic models while catering to local needs, the NDC under Mahama aims to not only invigorate local businesses but also ensure sustainable economic growth for the nation. This vision of continuous operations in key industries may potentially redefine Ghana’s economic identity and foster a more vibrant and competitive marketplace.
