Renowned economist and professor of finance, Prof. Godfred Bokpin, has cautioned that Ghana’s ambition to implement a 24-hour economy will remain a challenge unless significant investments are made in the energy sector.
Speaking in an interview on Peace FM, Prof. Bokpin pointed out that although the idea of a 24-hour economy has potential benefits, the country’s current energy crisis makes its implementation highly impractical.
He explained that with ongoing struggles to provide reliable power, it would be extremely difficult to support an economic model that requires uninterrupted electricity.
He emphasized that sustainable, large-scale reforms and investments in Ghana’s energy infrastructure are essential if the country hopes to realize such a transformative economic policy.
“We are struggling to ensure consistent power supply even now,” he said. “A 24-hour economy needs a stable energy base. Without addressing that, this concept will be hard to roll out meaningfully.”
Prof. Bokpin further stressed the need for a clear policy framework and public understanding of what the 24-hour economy truly entails, noting that even in the lead-up to the 2024 general elections, there was little clarity on how such a model would be operationalized.
While commending the ambition behind the policy, he called on government to prioritize long-term solutions in the power sector to make such economic shifts possible in the future.
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