President John Dramani Mahama has officially transformed one of his administration’s key economic initiatives into law, signing the 24-Hour Economy Authority Bill, 2025, into effect. The move provides formal legal backing for a policy aimed at keeping Ghana’s economy active around the clock.
The signing reportedly took place on Thursday in a brief ceremony before the 13th Cabinet meeting at Jubilee House.
Speaking on the milestone, President Mahama called the legislation a significant step in the government’s ongoing economic reform efforts.
“Cabinet colleagues, I just appended my signature to give assent to the 24-hour Authority Bill. This Bill, which Ghanaians have been waiting for, was one of our flagship strategies for economic transformation,” he said.
The President emphasized that the careful review process preceding the assent was necessary to ensure the bill was legally robust and practically implementable. He explained that the timing reflected a deliberate effort to provide the initiative with full legal force.
“Now we must move from strategy to implementation. The business sector is waiting, Ghanaian investors are waiting, foreign investors are waiting,” he added.
Investors, he noted, are particularly eager to understand the incentives and tools that will support the 24-hour economy framework.
“They want to see the package of incentives that we can afford, so that they can invest more and expand productivity and also create more employment for our young people, and so it’s my pleasure to assent to this Bill today.”
The law creates the 24-Hour Economy Authority, which will act as the central coordinating body for implementing the policy. The Authority will bring together public and private sector stakeholders, tackle regulatory hurdles, and guide the infrastructure development needed to sustain continuous economic activity.
The 24-hour economy policy aims to promote multi-shift business operations, boost industrial output, attract investment, and expand job opportunities, with a focus on youth employment.
