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David Ofosu-Dorte, Senior Partner at AB & David Africa, has emphasised that the Mahama administration’s 24-hour economy policy should serve as a catalyst for addressing Ghana’s longstanding productivity challenges.
According to Ofosu-Dorte, for the policy to yield meaningful results, it must be strategically implemented to boost productivity, as inefficiencies remain a major hurdle in the Ghanaian economy.
“If you stimulate demand and you match it with a 24-hour economy, then you are increasing supply and you’re increasing productivity. That is what you do in a country that has low productivity,” Ofosu-Dorte told Bernard Avle on the Citi Breakfast Show on Monday, February 10.
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The president described the initiative as “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.”
Meanwhile, Ofosu-Dorte cautioned that if the president fails to align his appointees with his vision, it would be a “lonely walk to nowhere.”
For him, “there should be central direction” and a great effort to carry the whole nation along in his bid to reset the economy.
The success of the 24-hour economy policy will depend on effective leadership, strategic planning, and national buy-in. Ensuring that all stakeholders, including businesses, public institutions, and policymakers, work together will be crucial in overcoming inefficiencies and unlocking Ghana’s full economic potential.
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