The General Secretary of the National Democratic Congress (NDC), Fifi Fiavi Kwetey, has stated that the government’s proposed 24-Hour Economy policy cannot be rolled out instantly, stressing that it requires careful planning and structural groundwork. According to him, the initiative is a long-term programme designed to transform productivity and stimulate economic growth.
Speaking in an interview on TV3 Ghana, Mr. Kwetey explained that although the 24-Hour Economy was a major campaign promise, concrete steps toward its implementation are already underway. He noted that consultations and legislative processes have begun to ensure the policy is properly anchored in law before execution.
He revealed that the secretariat leading the programme, headed by cabinet member Goosie Tanoh, has completed key preparatory work. The proposals, he said, have been presented through Cabinet and are currently before the Parliament of Ghana for consideration.
According to Mr. Kwetey, once Parliament reviews and passes the bill, implementation can officially begin. He emphasized that the process must follow due legislative procedure to ensure transparency, accountability, and long-term sustainability of the initiative.
He further highlighted the importance of economic incentives, particularly tax exemptions and guarantees, to encourage private sector participation. He noted that businesses and investors must be assured of favorable tax conditions if they are to fully support and participate in a 24-hour operational framework.
Mr. Kwetey concluded that building a successful 24-Hour Economy requires strong foundations, policy clarity, and stakeholder buy-in. Without these measures in place, he cautioned, any rushed implementation could undermine the programme’s objectives of boosting employment, increasing productivity, and driving national economic transformation.
