Govt to finalise incentives for businesses under the 24-Hour Economy policy

President John Dramani Mahama has announced that the authorities is finalising an inducement bundle for businesses nether the 24-Hour Economy policy, marking a large measurement successful the policy’s implementation.

Addressing the federation connected Wednesday, May 7, 2025, to commemorate his archetypal 120 days successful office, President Mahama said the Minister of Finance and the Presidential Advisor connected the 24-Hour Economy were completing works connected a acceptable of incentives targeted astatine enhancing concern participation.

Among the measures outlined is simply a collaboration betwixt the Minister of Energy and Green Transition, and the Public Utilities Regulatory Commission (PURC) to present astute metering and a Time of Use (ToU) tariff authorities to connection little energy rates during off-peak hours, thereby incentivising businesses to run astir the clock.

“We promised to commence drafting the needed ineligible amendments and hole for implementation wrong the archetypal 120 days and we person delivered connected that promise,” Mahama announced.

As portion of the archetypal rollout, helium said respective authorities institutions person already transitioned to 24-hour operations.

“The Ghana Investment Promotion Centre has introduced 24-hour premium services to destruct processing delays for investors. The Ministry of Foreign Affairs has rolled retired a 24-hour passport service, and the DVLA has extended its moving hours, clearing an 18-month backlog of licence applications,” helium stated.

The 24-Hour Economy inaugural is simply a flagship argumentation of the Mahama administration, aimed astatine driving structural translation crossed captious sectors specified arsenic agriculture, manufacturing, and tourism.

SP/AE

Watch the latest variation of BizTech below:

Click present to travel the GhanaWeb Business WhatsApp channel