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
President Mahama swears in Matilda Asante-Asiedu as Second Deputy Governor of Bank of Ghana
02:58Minister of Energy and Finance engage Karpower on legacy debt
17:21CEMSE urges PUWU to support private sector involvement in ECG revenue mobilisation
14:19COCOBOD halts Cocoa roads projects over GH¢4 billion debt – CEO
10:09Free Zones Authority CEO visits Blue Skies juice factory in Dobro-Nsawam
03:57NPA boss calls on IGP to seek collaboration to fight fuel diversions
03:15Cedi appreciates significantly in April as global dollar weakness boosts emerging market currencies — MP
02:56Zoomlion clarifies contract with YEA amid public concerns
00:30Finance Minister vows lasting economic stability and lower food prices in meeting with FABAG
08:46Bawumia’s Gold for Reserve Programme is anchoring the Cedi – Kofi Bentil
13:27