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Ghana Set to Become Africa's First 24-Hour Economy as Mahama Promises Economic Transformation
President John Dramani Mahama has officially launched Ghana’s groundbreaking “24-hour economy” initiative on July 2, 2025, positioning the country as Africa’s first nation to implement round-the-clock economic activities across all sectors. The ambitious policy, announced during his inaugural address on January 7, 2025, promises to revolutionize job creation and economic productivi
The 24-hour economy is “a deliberate policy to encourage and support businesses and public organisations to operate 24/7 in three shifts of eight hours to boost production, promote productivity and generate well-paying jobs,” aimed at transforming Ghana into an import substitution and export-led economy.
“A 24-hour economy is more than night markets and late-night cafés; it’s Ghana’s chance to unlock productivity and show the world that we never sleep on opportunity.”
Kwabena Asare, Economic Analyst
Key Features of the 24-Hour Economy:
The initiative will begin with public institutions that serve large customer bases, including ports and harbors, customs offices, passport offices, and vehicle licensing agencies. President Mahama outlined eight key pillars to reset Ghana’s economy, with the 24-hour economy being a central component.
Economic Impact Projections:
Industry experts predict the policy could create over 2 million new jobs within the first three years of implementation. The initiative particularly targets youth employment, with special focus on non-traditional working hours that could accommodate students and part-time workers.
Investment Opportunities:
The 24-hour economy opens unprecedented opportunities for diaspora and international investors, particularly in:
- Manufacturing sectors operating round-the-clock production
- Healthcare services providing 24/7 medical care
- Transportation and logistics maximizing port and airport efficiency
- Digital services leveraging Ghana’s position as West Africa’s tech hub
Timeline and Implementation:
The Government expects to end the country’s current IMF programme in 2026, providing a stable economic foundation for the 24-hour economy rollout.
Why This Matters for Diaspora:
For African Americans and diaspora considering investment or relocation to Ghana, the 24-hour economy represents a paradigm shift. Diaspora members often bring diverse skills, business networks, and financial resources, which can be pivotal in driving growth. The policy creates an environment where international experience in 24/7 operations becomes highly valuable.
International Recognition:
The initiative has garnered attention from development partners, with the World Bank expressing interest in supporting the transition. In FY24, IFC committed over $422 million in Ghana, reflecting a significant scale-up in engagement and continued focus on job creation and sustainable development.
This transformative policy positions Ghana as a continental leader in economic innovation, offering compelling reasons for diaspora engagement and international investment in Africa’s rising economic powerhouse.
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