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Former Finance Minister Dr Mohammed Amin Adam has expressed doubts about the practicality of the Mahama government’s proposed 24-hour economy policy, citing the absence of a clear implementation strategy in the 2025 budget.
The 24-hour economy initiative, which aims to boost job creation and economic productivity, was a major campaign pledge of the Mahama administration.
However, Dr Amin Adam argues that despite references to the policy in the budget, there is no structured plan or allocated funding to ensure its execution.
“You take the budget and look at it; there were only references to the 24-hour economy. There’s no programme on the implementation of the 24-hour economy. And once there’s no programme on the implementation, it would mean that there’s no allocation of funds towards the implementation,” he stated in an interview on The Point of View with Bernard Avle on Channel One TV on Monday, March 17.
Dr Amin Adam also questioned Finance Minister Dr Ato Forson’s assurance that the initiative would be launched later in 2025, arguing that without budgetary provisions, its rollout remains unrealistic.
“The finance minister said they would launch it later this year, but even if you launch it and there’s no allocation, how do you even implement that? Are you going to launch and wait till 2026, when you have to make allocations to really implement the 24-hour economy? So, this is deceptive as far as job creation is concerned,” he remarked.
His critique adds to the growing debate over the viability of the 24-hour economy policy and its potential impact on Ghana’s economic development. While the Mahama administration maintains that the initiative will transform the economy and create employment opportunities, critics argue that without a concrete roadmap and financial support, its effectiveness remains uncertain.
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