24-hour businesses'll get tax breaks, low power tariffs – Mahama says all-day economy won't be forced on Ghanaians

Former President John Mahama has said: “My 24-hour economy concept goes beyond just a night economy to boost tourism.
“I envision an economy where all business sectors will operate a three-shift system 24 hours a day, seven days a week, in an atmosphere of safety and security."
“This 24-hour economy will be voluntary, not imposed," he assured, explaining: "Businesses will be incentivised to participate by enjoying tax breaks and lower electricity tariffs for operating during off-peak hours".
"Special meters employ what is known as ‘Time of Use’ (TOU) tariffs to provide cheaper power to such businesses," Mr Mahama said, addressing the 50th Sunyani Catholic Diocese Celebration.
He said: “Our youth are growing increasingly frustrated with the lack of jobs and are losing faith in the future of our country,” indicating how game-chnahing a 24-hour economy would be for job creation.
“Ghanaian youth are voicing their disillusionment by risking their lives in dangerous migrations across the Sahara and the Mediterranean to enter Europe. We can reverse this trend by strengthening our economy and creating more jobs for our young people. This is an urgent call to action.”
Source: classfmonline.com
Trending Business
Minority Leader opposes tax exemption repeal
13:19Mahama's lean gov't contributes to balance revenue and expenditure –Prof Gatsi
14:24President Mahama wants $10m Buipe Sheanut Factory revitalised
02:00President Mahama calls for reset for COCOBOD, COCOSHE
01:38GRA directs all charging entities to cease E-Levy deductions from midnight
04:38Gov't owes Zoomlion GHC1.2 billion for unpaid waste management services – Minister Reveals
15:33President Mahama assents to amended bills to abolish Betting Tax, E-Levy and Emissions Tax
14:43Clean Jobs Resources Limited denies involvement in illegal mining activities
12:19Brigadier General Glover Annan Ashong takes office as new Customs Commissioner
11:20Gov’t must be deliberate in empowering businesspeople – Seidu Agongo
19:57