David Ofosu-Dorte, Senior Partner at AB & David Africa, has emphasized that the Mahama administration’s 24-hour economy policy should serve as a catalyst for addressing Ghana’s longstanding productivity challenges.
According to him, 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 said
The president said the initiative is “a deliberate policy to encourage and support businesses and public organizations 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 observed that if the President fails to pull along all his appointees on the path of 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.
