ISSER asks: Will 24-hr economy create more jobs, higher GDP or it’s a long-term goal?

The director of the Institute of Statistical, Social, and Economic Research (ISSER), Professor Peter Quartey, has wondered: “Will a 24-hour economy serve as the solution or is it premature?” suggesting: “What about incorporating it into a long-term development plan?”
Also, Professor Quartey noted: “The argument is, will a 24-hour economy bring higher GDP and jobs, or is it rather a goal we should aim for in the long term?”
The 24-hour economy proposal was put forward by former President John Mahama, who is the flagbearer of the main opposition National Democratic Congress.
Speaking on the proposal, Professor Quartey pointed out that: “Limited energy supply to power all sectors in 24 hours, especially manufacturing,” risks hindering industries’ ability to operate continuously, especially at competitive levels within the sub-region.
On security, he said with extended hours, ensuring the safety of night workers would require “adequate security personnel to protect those working late into the night,” adding that this would need significant investment in security infrastructure.
Concerning market demand and competitiveness, Prof Quartey wondered if sufficient demand exists to sustain 24-hour operations, especially in sectors like manufacturing.
“Will there be demand if factories operate 24 hours?” he questioned, adding that Ghana’s industries must also be competitive regionally.
Additionally, Prof Quartey raised doubts about the availability of essential infrastructure, including water and road networks, to support continuous operations. “Do we have adequate infrastructure?” he asked, pointing out that without necessary improvements, a 24-hour economy could strain existing systems.
He said aligning manifesto promises with a pragmatic, long-term development strategy is essential and urged policymakers to carefully evaluate the nation’s infrastructure and security readiness, energy capacity, and market demands before committing to a 24-hour economy.
“This approach needs to be grounded in a robust, long-term plan if we are to realise sustainable economic growth,” he said.
Trending Business
Ghana Free Zones Authority strengthens ties with Hungarian Embassy to boost investment
08:59Roots of prosperity: President Mahama’s 3 million coconut seedlings initiative unleashes hope, jobs and export potential
06:51GLICO Group pays tribute to late Asantehemaa with support and condolence visit
11:23Mahama directs purchase of glut tomatoes and onions from Asante Akim North farmers for SHS feeding
11:11MASLOC to publish names of loan defaulters after final warning
10:34Brazilian Ambassador pledges support for Ghana’s cocoa sector ahead of Afro-Brazil Festival 2025
08:07Fisheries Commission engages stakeholders on Ghana’s first Inland Fisheries Management Plan
03:06Regulatory costs threatens job creation, SME expansion in Ghana: ILAPI and FUNDALIB warn
13:13GIPC pledges support to Guinness Ghana amid rising illegal imports
04:36World Bank disburses $360m to support Ghana’s economic recovery and resilience
03:48