Economist Dr. Sa-ad Iddrisu, in a released statement dated today, November 8, has said that Former President Mahama’s campaign promise of a 24-hour economy would be a game changer for the Ghanaian economy. John Mahama (H.E. JM) addressed the Trade Union Congress (TUC) on November 7, emphasizing his vision to transform Ghana into a “24-hour economy” should he be reelected as president in the upcoming election.
Dr. Iddrisu states, “The concept of a 24-hour economy, prevalent in most developed nations, involves three working shifts and offers many advantages: Extending business operating hours beyond the conventional 8am to 5pm would substantially reduce unemployment. The need for additional shifts would create job opportunities and provide workers with flexible working hours, fostering a sustainable and productive workforce.”
” Implementing a 24-hour economy would necessitate enhanced security measures, contributing to reduced crime rates in urban areas. This initiative would also increase employment opportunities within the security forces, especially benefiting the youth. A 24-hour economy would drive attention toward improving essential services like electricity and water supply, which are vital for the economy’s uninterrupted functioning. Addressing these services would significantly benefit citizens, as consistent power and water supply are fundamental to sustaining a 24-hour economy”, he added.
