The government has reaffirmed its commitment to making the proposed 24 hour economy initiative a catalyst for private sector growth and sustainability, while rolling out measures to boost productivity and job creation.
Presidential Advisor on the 24 hour Economy Initiative, Goosie Tanoh, said the policy will go beyond strengthening essential public services such as health, transport, and security, to creating an enabling environment for private businesses to extend operations beyond the traditional working day.
Speaking at the Central Expo 2025 business forum in Cape Coast, he described the private sector as the backbone of Ghana’s economy, stressing that its active participation was critical to the success of the initiative.
“Our priority is to support businesses of all sizes small, medium, and large to benefit from this shift. We will ensure the right incentives, infrastructure, and security systems are in place so enterprises can operate around the clock,” Mr. Tanoh stated.
This year’s forum was held under the theme “Empowering Women and Youth-led Enterprises to Promote Economic Growth.”
The Central Expo, an annual week-long event, showcases trade, tourism, and investment opportunities in the region. The 2025 edition, which ran from August 23 to August 31 at Adisadel College Park in Cape Coast, was themed “Unlocking Business Opportunities in the Central Region.” It drew exhibitors, investors, and corporate stakeholders to explore partnerships, support SMEs, and highlight the region’s economic potential.
Aligned with the Central Regional Coordinating Council’s (CRCC) Regional Development Strategy, the expo promoted domestic tourism, stimulated business development, and created opportunities for youth entrepreneurship and private sector investment.
Mr. Tanoh noted that industries such as manufacturing, hospitality, retail, logistics, and digital commerce stand to benefit significantly from the 24 hour model if they adapt their operations.
He urged stakeholders to collaborate and transform the expo from “an annual event into a movement” capable of driving lasting economic change in the region.
Ongoing consultations with industry players, he added, were addressing key concerns including electricity costs and security so that the 24 hour economy creates inclusive opportunities for all businesses.
Some entrepreneurs welcomed the initiative, pointing to opportunities to scale production and reach a larger consumer base.
“If power supply and security are assured, we can increase our shifts and employ more people,” said Abigail Hanson, manager of a hair care brand from Abura Dunkwa.
Others, particularly small traders, raised concerns about rising electricity costs, staffing challenges, and safety at night. They called for targeted support to ensure the initiative benefits SMEs and not just large corporations.
Central Regional Minister Ekow Panyin Okyere Eduamoah, in his remarks, encouraged businesses to work closely with the CRCC to accelerate the region’s growth for the benefit of all.
