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Why Ghana must adopt the 24hour Economy policy

March 26, 2025
Derick Kwame

The concept of a 24-hour economy has gained significant traction in Ghana, with proponents arguing that it holds considerable potential for the nation’s economic growth. Here’s a brief look at why Ghana is seen as a viable candidate for adopting such a policy:

  • Youthful Population:
    • Ghana boasts a relatively young and dynamic population, which can readily adapt to the flexible work schedules inherent in a 24-hour economy. This demographic advantage provides a substantial workforce capable of sustaining round-the-clock operations.
  • Strategic Location:
    • Ghana’s strategic location within West Africa positions it as a potential regional hub for trade and services. By implementing a 24-hour economy, Ghana can enhance its attractiveness to foreign investment and facilitate cross-border commerce.
  • Potential for Sectoral Growth:
    • Several key sectors within Ghana stand to benefit significantly from a 24-hour economic model:
      • Agriculture: Continuous operation of logistics and transportation can reduce post-harvest losses and improve the efficiency of agricultural supply chains.
      • Tourism: Extending the operational hours of tourist attractions, restaurants, and entertainment venues can boost tourism revenue.
      • Services: Round-the-clock service delivery can enhance efficiency in sectors like healthcare, transportation, and finance.
  • Economic Diversification:
    • A 24 hour economy will help to diversify Ghanas economy. It will help to move away from only day time based economic activity, and grow the night time economy.
  • Increased employment:
    • The 24 hour economy will greatly increase the amount of jobs available to Ghanaians.

However, it’s crucial to acknowledge that the successful implementation of a 24-hour economy necessitates addressing key challenges, including:

  • Infrastructure Development: Reliable power supply, efficient transportation networks, and robust digital infrastructure are essential prerequisites.1
  • Security Concerns: Ensuring the safety of workers and businesses during nighttime operations requires enhanced security measures.
  • Labor Regulations: Protecting workers’ rights and ensuring fair labor practices in a 24-hour environment is paramount.2

Despite these challenges, the potential benefits of a 24-hour economy in driving economic growth and creating employment opportunities make it a compelling policy option for Ghana.