Resident Country Director, International Investment LLC, Ibrahim Adjei, has launched a scathing attack on the government’s 24-hour economy policy, describing it as a “scam” amid ongoing power outages affecting businesses.
He questioned the policy’s viability, arguing that persistent electricity disruptions undermine efforts to run a round-the-clock economy. He warned that the current power situation is already crippling businesses and eroding investor confidence.
“If they’re not killing us with galamsey, they’re killing us economically with power outages that destroy businesses,” he stated, expressing concern over the broader impact of the outages on productivity and economic stability.
Mr Adjei further criticised the policy’s structure, particularly the “1-3-3” model, which promotes one job, three shifts, and continuous operations. He dismissed the concept as deceptive, insisting that it lacks practical grounding under current conditions.
“What kind of 24-hour economy is this?” he quizzed, urging the public to critically assess the policy. “Call it what it is, a 419 agenda,” he added, suggesting that the initiative is misleading and unlikely to deliver on its promises.
He also cast doubt on the government’s ability to implement the policy within the proposed timeframe, arguing that even with additional time, the necessary systems to support such an economy are not in place.
Meanwhile, President John Dramani Mahama has signed the 24-Hour Economy Authority Bill into law, paving the way for the full rollout of the policy. The new legislation establishes a dedicated authority to coordinate and oversee its nationwide implementation.
