President John Dramani Mahama has formally signed into law the 24-Hour Economy Authority Bill, 2025, marking a decisive step toward the rollout of one of his administration’s flagship economic initiatives. The assent was given on Thursday during a brief ceremony held ahead of the 13th Cabinet meeting, signaling the government’s readiness to transition from policy formulation to active implementation.
Addressing Cabinet members shortly after signing the legislation, President Mahama described the new law as a cornerstone of his broader economic transformation agenda. He noted that while the policy had generated significant public anticipation, careful legal and administrative scrutiny was necessary to ensure that the framework would stand on firm regulatory and institutional footing.
With the legislative process now complete, the President emphasized the urgency of execution. He underscored growing expectations within the business community, pointing out that local entrepreneurs and international investors alike are keenly awaiting details of the incentive structures that will underpin the programme. According to him, the success of the initiative will depend heavily on how effectively government packages and communicates these incentives to stimulate expansion, boost productivity, and generate employment opportunities, particularly for young Ghanaians.
The newly enacted law establishes a dedicated 24-Hour Economy Authority as the central body responsible for coordinating and supervising the nationwide implementation of the policy. The Authority is expected to harmonize efforts between state institutions and private enterprises while addressing critical infrastructure, regulatory, and operational requirements necessary to sustain round-the-clock economic activity.
Parliament approved the Bill on Friday, February 6, following extensive deliberations between the Majority and Minority caucuses. The debates reflected both the significance of the policy and the broader national interest in reshaping Ghana’s production landscape. Lawmakers ultimately endorsed the legislation, paving the way for executive assent.
The framework is designed to anchor the government’s 24-Hour Economy and Accelerated Export Development Programme, an integrated strategy aimed at tackling deep-rooted structural constraints within Ghana’s productive sectors. Officials argue that the initiative will help reposition the economy away from its long-standing reliance on exporting low-value raw materials while reducing dependence on expensive imported finished and intermediate goods.
Through coordinated investment mobilization and regulatory alignment, the Authority is expected to promote sustainable transformation across manufacturing, supply chains, marketing systems, and workforce development. By facilitating continuous operations in key sectors, the policy seeks to maximize asset utilization, increase industrial output, and strengthen Ghana’s competitiveness in regional and global markets.
The legislation, first introduced in late 2025, provides the institutional architecture required to operationalize a full-scale 24-hour economy. It outlines the Authority’s mandate to drive collaboration between public agencies and private investors, ensure enabling infrastructure is developed, and maintain oversight of compliance frameworks necessary to support extended-hour production and service delivery.
The 24-hour economy concept formed a central pillar of the National Democratic Congress’ campaign platform during the 2024 general elections. With the Bill now enacted, the administration faces the critical task of translating political commitment into measurable economic outcomes, as stakeholders across multiple sectors prepare to align with the newly established national framework.
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