Government-Private Sector Partnership Crucial for 24-Hour Economy Success

Strategic Insights -

The Eastern Regional Manager of the Ghana National Chamber of Commerce and Industry, Justice Kwabena Wilson, is urging the government to collaborate with the private sector in implementing the 24-Hour Economy policy, aimed at promoting economic growth and job creation among the youth. The policy, which seeks to stimulate economic activity beyond traditional daytime hours, requires private sector innovation, investment, and continuous operation. Wilson believes government support would provide the necessary framework, infrastructure, and incentives for private sector participation.

Key Takeaways:

  • The 24-Hour Economy policy aims to stimulate economic activity beyond traditional daytime hours, potentially leading to increased employment, particularly for young people.
  • The policy requires private sector innovation, investment, and continuous operation.
  • The Ghana National Chamber of Commerce and Industry wants the government to support private sector projects, such as a privately-owned roofing sheet manufacturing and installation company at Asuoyaa, which is 90% complete and has an estimated production capacity of 10,000 metric tons per annum.
  • The project aims to create employment opportunities, train the youth, women, and physically challenged persons in roofing and roofing-related skills, and contribute to reducing the unemployment rate in the region.
  • President Mahama's limited second term makes it crucial for him to take advantage of existing projects rather than starting new ones from scratch.
  • The project's completion could help reduce the unemployment rate in the Eastern region due to the absence of industries.

Statistics:

  • The project has an estimated production capacity of 10,000 metric tons per annum.
  • The privately-owned roofing sheet manufacturing and installation company is 90% complete.
  • The unemployment rate in the Eastern region is high due to the absence of industries.
  • The project aims to create employment opportunities and train the youth, women, and physically challenged persons in roofing and roofing-related skills.

Sources:

  • Jonah Apreku, Ghana Web, "Eastern Chamber Manager calls on Mahama to support 24-hour economy initiative" (2025)