The twenty four hour economy policy espouse by the former President of the National Democratic Congress (NDC) John Dramani Mahama, can best be described as an economic model determine to increase productivity. This model will serve as a key driver for revenue mobilization, which will leads to wealth creation and job establishment.
The Fellow Chartered Economist (FCE) Economic Adviser Dr. Julius Kattah said this on Adekyee Mu Nsem morning show on Ahotor FM hosted by Citizen Kofi Owusu in Accra.
He is of the view that, the economic challenge facing the country now with low industrial output and high food inflation, the proposal of the 24 hour economy from the John Dramani Mahama is great opportunity for Ghanaian business men and women to be creative in knowledge creation to harness potentials to benefits from the enabling environment the policy is bringing along.
Dr. Julius Kattah, opined that Ghana economy is sick and the only panacea to revive the economy is to inject creative potential ideas to harness all resources to sustained the economy within the shortest possible time to create jobs, wealth and development of the economy through large scale industrialization through the 24 hour economy model.
He reiterated that, he is disappointed in the Vice President Dr. Mahamadu Bawumia comic response to the 24 hour model proposed by the NDC flag bearer. Since the model as he describes it; is a catalyst to engaged skilled labour and factory hands that will be part of the industrial drive with the intended policy and programmes behind the policy.
He believes the Vice president does not understand the primary basic economic benefits of the policy by considering it to be “Chop bar” night sales.
Going forward he believes that the model is a productivity drive to expand the economy to salvage the threat of collapse economy the country is heading to in the near future as a result of mismanagement of the economy by the New Patriotic Party government.
The Fellow Chartered Economist Dr. Julius Kattah, (FCE) Economic Adviser is of the view that, economic model coming from the former president, and his team must take into consideration of constant supply of electricity, tax holidays and security system to protect markets, business enclaves and industries that will be part of the economic development model.
Hence the model can serve as an avenue for revenue mobilisation for development of the country, through creation of more employment opportunities for the young unemployed youth who are national security threats.
AYM Kukah. E:mail: kukahalexander7@gmail.com
