President John Mahama has announced plans to restructure Ghana’s economic model by prioritising value addition, industrialisation and a 24-hour production economy as part of efforts to build a resilient and inclusive economy.
Speaking at the opening of the 77th Annual New Year School and Conference at the University of Ghana, the President said the government will this year roll out a policy requiring value addition to the country’s minerals, petroleum and agricultural products before export.
He explained that the 24-hour economy forms a central pillar of the administration’s economic reset agenda and is aimed at extending productivity, deepening manufacturing, supporting logistics and agro-processing, and creating jobs across the value chain.
President Mahama also pointed to early signs of economic recovery, citing a stable currency, falling inflation and reduced public debt, and stressed the need for a stable and investment-friendly environment to sustain long-term economic transformation.