President John Dramani Mahama has officially signed the 24-Hour Economy Authority Bill into law, marking a major step in the government’s strategy for economic transformation.
The signing took place at the Presidency on Thursday, February 19, in the presence of the Cabinet and members of the legislative team behind the bill.
Speaking after signing the bill, President Mahama said Ghanaians have been waiting for the legislation which will now enable the government to move from strategy to implementation
He said, “This is a bill Ghanaians have been waiting for. It was one of our flagship strategies for economic transformation. It has taken a while but we needed to go patiently through the process to give legal effect to it.”
He added, “And so, from now we must move from strategy to implementation. The business sector is waiting, the Ghanaian investor is waiting, foreign investors are waiting. They want to see the package of incentives that we afford them so that they can invest more and expand productivity and also create more employment for our young people.”
The 24-Hour Economy policy aims to encourage businesses to operate in shifts around the clock, boosting industrial output, enhancing service delivery, and reducing unemployment, particularly among the youth.
The Parliament of Ghana passed the 24-Hour Economy Authority Bill, 2025, after extensive debate between the Majority and Minority caucuses on Friday, February 6, 2026.
The legislation establishes the Authority to implement the 24-Hour Economy and Accelerated Export Development Programme, a policy designed to tackle structural challenges in the country’s productive economy.
Source: Starrfm.com.gh
