President John Dramani Mahama has signed the 24-Hour Economy Authority Bill, 2025 into law, giving legal backing to the government’s flagship 24-hour economy policy.
The Bill was assented to on Thursday, ahead of the 13th Cabinet meeting, and establishes a 24-Hour Economy Authority as the central coordinating body to implement the policy across the country. The Authority will align public and private sector efforts, mobilise investment, and address infrastructure and regulatory gaps needed to support round-the-clock economic activity.
Speaking after the signing, President Mahama said the government will now move from strategy to implementation, noting that both domestic and foreign investors are waiting for a clear and affordable package of incentives to expand production and create jobs, particularly for young people.
Parliament passed the Bill on Friday, February 6, following extensive debate between the Majority and Minority caucuses. The legislation provides the framework for implementing the government’s 24-Hour Economy and Accelerated Export Development Programme, aimed at addressing long-standing structural challenges in Ghana’s productive sector.
The programme is expected to reduce reliance on low-value raw material exports and costly imported finished and intermediate goods, while strengthening national production systems, supply chains, marketing and workforce development.
The 24-hour economy policy formed a key campaign promise of the National Democratic Congress during the 2024 general elections.