Government will facilitate, not dominate 24-Hour Economy initiative- Mahama

President John Dramani Mahama has reiterated that the government will take a facilitative rather than dominant role in the rollout of the ambitious 24-Hour Economy policy.

According to him, the private sector will be at the forefront of driving the initiative.

Speaking at the official launch of the programme in Accra Wednesday morning, President Mahama emphasised that his administration intends to act as an enabler, creating the environment necessary for private enterprise to thrive within the framework of the 24-Hour Plus Programme.

“The private sector will lead the 24-Hour Plus programme. Government will facilitate and not dominate,” the President stated.

He explained that public funding involved in the initiative would be strategic in nature, describing it as “catalytic” rather than controlling.

“Any government funding in 24-hour plus will be catalytic, serving as seed funding for the 24-hour plus authority and support bulk infrastructure,” he noted.

This approach, Mahama said, is intended to unlock larger pools of financing and reduce the fiscal burden on the state.

Enterprise-level financing, he indicated, will be sourced through commercial banks, development finance institutions (DFIs), and blended finance instruments ensuring that the programme remains commercially viable and attractive to investors.

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