President John Dramani Mahama has assented into law the 24-Hour Economy Authority Bill.
Speaking shortly after as a signing ceremony before the commencement of cabinet meeting on Thursday, February 19, the President urged the Authority to roll out the package to the business community that will increase productivity and create employment.
“This is a bill Ghanaians have been waiting for. It was one of our flagship strategies for economic transformation. It has taken a while but we needed to go patiently through the process to give legal effect to it.
“And so, from now we must move from strategy to implementation. The business sector is waiting, the Ghanaian investor is waiting, foreign investors are waiting. They want to see the package of incentives that we afford them so that they can invest more and expand productivity and also create more employment for our young people,” he stated.
Parliament officially passed the 24-Hour Economy Authority Bill, 2025, a flagship policy of the John Mahama administration.
The bill was passed after extensive deliberations and debate between the Majority and Minority caucuses on the floor of the House on Friday, February 6, 2026.
The objective of the Bill is to establish the 24-Hour Economy Authority to implement the 24-Hour Economy and Accelerated Export Development Programme.
The 24-Hour Economy and Accelerated Export Development Programme seeks to address longstanding structural issues within the productive economy of the country.
It further seeks to reduce the dependence of the country on exporting relatively low-value raw materials and reliance on costly imported finished and intermediate goods.
The Authority is expected to ensure the integrated, sustainable transformation of national systems for economic production, supply chain, marketing and labour power development.
The bill, which was laid before Parliament in late 2025, is designed to transform Ghana’s economy into a 24-hour operational system. It provides for the establishment of a 24-Hour Economy authority to serve as the central coordinating body responsible for implementing the policy nationwide.
The Authority will be responsible for mobilizing investment, coordinating public and private sector activities, and making sure that the infrastructure and regulatory support systems required to maintain 24/7 economic activity are in place.
The 24-hour economy policy was one of the NDC’s main campaign promises during the general elections of 2024.
Government has since positioned the policy as a significant driver of job creation, productivity, and economic growth.
Leave a Comment