N※N

Ghana Enacts 24-Hour Economy Law

  //stocks-investing.news-articles.net/content/2026/02/20/ghana-enacts-24-hour-economy-law.html
  Published in Stocks and Investing on Friday, February 20th 2026 at 3:03 GMT by Yen.com.gh
      Locales:

Accra, Ghana - February 20, 2026 - President John Dramani Mahama today formally signed into law the 24-Hour Economy Authority Act, a landmark piece of legislation poised to fundamentally reshape Ghana's economic landscape. The Act, passed by Parliament in December 2023 after initial presentation on November 28th, establishes the framework for a national 24-hour economy, aiming to unlock significant job creation and economic growth by facilitating businesses operating continuously.

The signing culminates months of debate and scrutiny, with proponents hailing the Act as a progressive step towards modernization and increased productivity. The core principle behind the law is to move beyond traditional 9-to-5 working hours, allowing businesses in sectors like hospitality, transportation, healthcare, and certain manufacturing processes to operate around the clock, capitalizing on previously untapped economic potential.

Authority Mandate and Scope

The newly established 24-Hour Economy Authority will serve as the central regulatory body overseeing the implementation of the Act. Its mandate includes licensing businesses operating extended hours, ensuring compliance with labor laws and safety standards, and coordinating services like security, transportation, and utilities to support continuous operations. Crucially, the Authority will also be responsible for developing incentives to encourage businesses to adopt the 24-hour model, potentially including tax breaks, subsidized energy costs, or access to specialized training programs.

"This isn't just about keeping shops open longer," explained Dr. Ama Serwaa, a leading economist at the University of Ghana. "It's about transforming our economic structure. It's about creating an environment where opportunities exist at all hours, attracting investment, and ultimately, improving the livelihoods of Ghanaians."

Job Creation and Economic Projections The government projects that the 24-hour economy will generate hundreds of thousands of new jobs across various sectors. The hospitality industry is expected to be a major beneficiary, with hotels, restaurants, and entertainment venues anticipating increased demand and needing to expand their workforce. The transportation sector, particularly ride-sharing services and public transport, will also require more personnel to cater to nighttime commuters and service providers. Beyond these, the Act is expected to stimulate growth in manufacturing - especially in export-oriented sectors - and in essential services like healthcare which naturally require 24/7 availability.

Early economic modeling suggests a potential increase in Ghana's GDP by as much as 3-5% within the first three years of full implementation. This growth is predicated on successful coordination between the Authority, private sector businesses, and relevant government agencies.

Addressing Public Concerns The path to this legislation hasn't been without challenges. Public reaction has been mixed, with some raising legitimate concerns about the potential strain on infrastructure, security risks, and the well-being of workers operating night shifts. The government acknowledges these anxieties and has pledged to prioritize addressing them.

Security has been a prominent point of discussion. To mitigate potential risks, the government has announced plans to increase police presence in key commercial districts during nighttime hours and invest in advanced surveillance technology. Furthermore, the Authority will work with businesses to implement robust security protocols, including enhanced lighting, security personnel, and alarm systems.

Labor rights groups have also emphasized the need for safeguards to protect workers in the 24-hour economy. The government has committed to enforcing strict regulations regarding working hours, overtime pay, and health and safety standards. It is also exploring options for providing subsidized childcare and transportation services to support night-shift workers.

Challenges and Future Outlook

Despite the optimism surrounding the Act, significant challenges remain. One key hurdle is upgrading Ghana's infrastructure to support continuous operations. This includes ensuring a reliable power supply, improving transportation networks, and expanding access to telecommunications and internet services. Furthermore, fostering a culture of entrepreneurship and innovation will be critical to capitalize on the opportunities presented by the 24-hour economy.

The successful implementation of the 24-Hour Economy Authority Act will require a collaborative effort between the government, private sector, and civil society. Regular monitoring and evaluation will be crucial to identify and address any challenges that may arise. Ghana's experiment with a 24-hour economy is being closely watched by other African nations considering similar reforms, and its success could serve as a model for economic transformation across the continent.