President John Mahama has officially signed the 24-Hour Economy Authority Bill into law, paving the way for a major shift in Ghana’s industrial and commercial operations.
At a brief ceremony ahead of the 13th Cabinet meeting on Thursday, the President described the legislation as a “flagship strategy” that Ghanaians have been eagerly awaiting to transform the national economy.
The new law mandates that the 24-Hour Economy Authority serve as a central body to mobilize investment and align public-private efforts, ensuring that the infrastructure, security, and regulatory frameworks are in place to support round-the-clock productivity.
President Mahama explained that while the process required extensive due diligence to ensure a solid legal foundation, the focus must now shift immediately to implementation.
The President noted that both local and foreign investors are waiting for the specific “package of incentives” that will allow businesses to expand, increase productivity, and most importantly, create jobs for the youth.
“They want to see the package of incentives that we can afford, so that they can invest more and expand productivity and also create more employment for our young people, and so it’s my pleasure to assent to this Bill today.”
After being introduced in late 2025 and sparking intense debate between the Majority and Minority, Parliament officially approved the 24-Hour Economy Authority Bill on February 6.
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