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International Trade expert calls for rigorous monitoring of 24-Hour Economy programme

Tue, Jul 8 2025 11:31 AM
in Business, Ghana General News
international trade expert calls for rigorous monitoring of 24 hour economy programme
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Associate Professor of International Trade at the School of Economics, Finance and Law, Anglia Ruskin University, UK, Professor Evans Akwasi Gyasi, has called for robust and continuous monitoring of the 24-Hour Economy and Accelerated Export Development Programme (24H+) to ensure its effective implementation.

According to Prof. Gyasi, without a strong monitoring framework, the policy risks being undermined by inefficiencies, mismanagement, and a lack of accountability.

He stressed that close supervision of every phase of the programme is essential to track progress, identify challenges, and ensure the judicious use of public resources.

“We need monitoring, we need to know where the monies are going so that it doesnt become one of those 1D1F or One District One Dam. We want to know where our monies are going, we want to know who are benefiting, so effective monitory is very key and the government has to be very transperent and open,” he said on JoyPrime’s News Flash on Tuesday, July 8.

He added that Ghanaians deserve to know how resources allocated to the initiative are being used, noting that public transparency and regular reporting would foster trust and enhance stakeholder confidence.

The 24-Hour Economy programme aims to revitalise Ghana’s industrial sector, generate employment, and lessen the country’s dependence on foreign goods and services. The initiative is projected to cost approximately $4 billion, with the government pledging between $300 million and $400 million as seed funding to attract private sector investment.

Officially launched on Wednesday, 2 July 2025, the programme seeks to reshape the nation’s economic structure by enhancing productivity, creating sustainable jobs, and reducing import dependency.

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