Former Deputy Trade and Industry Minister, Hon George Ricketts Hagan has assured Ghanaians that if 2024 the NDC party comes to power, NDC will make the Komenda Sugar Factory operational in their first year of assuming office.
According to him, former prez John Dramani Mahama’s 24-hour economy policy entails all these and even more.
Hon Hagan was responding to questions from the media surrounding ex-president Mahama’s 24-hour economy policy.
Background
The 24-hour Economy will be a deliberate policy intervention by the next NDC/Mahama government to encourage and support certain businesses and companies to operate 24/7, preferably in a three-shift system of 8 hours each, by creating an enabling environment that promotes productivity, competitiveness, and well-paying jobs.
The 24-hour Economy will be mainly anchored on Mahama’s overarching vision to create sustainable jobs for Ghanaians. This will be achieved through his agenda to: modernize and mechanize agriculture; provide incentives for the private sector to thrive; promote agro-processing and manufacturing; and transform Ghana into an import substitution and export-led economy, among others.
The 24-hour economy policy will be a major boost for John Mahama’s import substitution and export drive. This will stabilize our national currency, improve our reserves, bring down inflation and interest rates, create more employment opportunities and improve livelihoods.
The 24-hour economy will primarily, but not exclusively, focus on:
- 24-hour Agro-processing
- 24-hour Pharmaceutical industry
- 24-hour Manufacturing industry
- 24-hour Construction
- 24-hour Extractive industry (mining and quarrying)
- 24-hour Sanitation and waste management
- 24-hour Leisure and hospitality industry
- 24-hour Digital start-ups and Business Process Outsourcing (BPO)
- 24-hour Financial services10. 24-hour Retail centers
- 24-hour Transportation services
- Also, selected public institutions with large customer traffic such as Ports and Harbors, Customs, Passport Offices, and DVLA, among others will be part of the 24-hour economy.
- The 24-hour economy will also be implemented within the context of other national development initiatives, such as education and training, health services, agriculture, the provision of affordable housing for workers, efficient public transport, and efficient justice delivery, among others. It is all part of an ambitious drive by the NDC/Mahama administration to take Ghana to the next level in the global economy.
Listen to Hon. Ricketts Hagan in the audio below:
Story by: KAAKYIRE NYAMEKYE DANSOA / AHOTORONLINE.COM
EMAIL: elizabethgyebi@gmail.com
