24-hour Economy Will Create Jobs, Drive Growth – Dodoo



The Head of Innovative Finance, Partnership and Markets at the 24-Hour Economy and Accelerated Export Development, Dr. Ishmael Nii Amanor Dodoo has assured Ghanaians that Ghana has the crtical potential Energy to power the 24-Hour Economy.


According to him, Ghana has all the necessary potential energy mix, talk of the natural gas, solar and hydro engines to power the 24-hour economy.


Base on this the secretariat is currently working with the Mimistery of Energy and all stakeholders in the energy sector to drive growth


Speaking at the 5th Anniversary of Energy News Africa Limited Public Lecture, Dr. Dodoo said the 24-Hour Economy (24HE+) is a policy designed to shift Ghana’s economy into a high-productivity, round-the-clock engine, leveraging energy, industry, and strategic reforms to drive growth.


He indicated that as President Mahama has articulated, the 24HE+ is not merely a policy but a transformative catalyst for food self-sufficiency, industrialization, export growth, and job creation; “it is a commitment to building an economy that serves all Ghanaians around the clock.”


If implemented, he revealed that the policy is expected to increase production and productivity as well as creating at least 1.7 million jobs, generate individual and collective wealth for Ghanaians, and provide sustainable employment.


He added that the would enhance the country’s Gross Domestic Product (GDP) growth by 31.7% over 10 years adding that the policy is the most ambitious economic restructuring plan since independence having the potential to shift Ghana from an import-heavy economic model to a manufacturing and export-led economy and create jobs.


He further stated that this policy will boost industrial productivity and competitiveness, treating time as a strategic economic resource, reform the energy sector to support 24HE+ by ensuring lower energy  costs, improved power availability, and reliability within the framework of a strong regulatory framework for sustainable growth.


Dr. Dodoo maintained that the 24-Hour economy involves strategic investments in our energy and green transition future once and for all with the view to making Ghana a 24-hour economy, robust and a powerhouse for West African markets and Africa, tapping into the AfCFTA to make this a reality,


The 24HE+ strongly endorses private sector participation in the transformation of the Electricity Company of Ghana (ECG).


“We commend the Minister for Energy and Green Transition for his visionary leadership in fostering private involvement in ECG operations “ he stated.


He concluded that the 24HE+ represents a generational shift, poised to redefine Ghana's global economic standing, let us transition from rhetoric to concrete action, building a reliable, resilient, and renewable energy system that powers not only industry but also job creation, national pride,” he said.

Comments

Post a Comment

Popular posts from this blog

Chieftaincy Crisis: Ngleshie Alata Chiefs Reject Imposed Mantse

Image
The Ngleshie Alata Traditional Council has strongly condemned the recent induction of Prince Asharku-Bruce Quaye, also known as Oblempong Wetse Kojo II, as the Ngleshie Alata Mantse. Speaking on behalf of the council, Nii Ofei III, Divisional Chief of Kokrobitey, alleged that the induction was carried out unlawfully by the Greater Accra Regional House of Chiefs without the knowledge or involvement of the traditional council. According to Nii Ofei III, the process of installing a chief follows clear constitutional and customary guidelines, which were blatantly disregarded in this case. He accused the registrar of the Greater Accra Regional House of Chiefs and its president, Oboade Notse King Professor Odaifio Welentsi III, of collaborating to impose Prince Asharku-Bruce Quaye on the traditional council. “This induction was conducted in secrecy. We only became aware of it after a letter circulated about a meeting between the Greater Accra Regional Minister and the Regional House of Chief...
Read more

Royal Jamong Family Raises Alarm Over Alleged Political Interference in Bunkpurugu Chieftaincy Dispute

Image
The Royal Jamong Family of Bunkpurugu has expressed deep concern over what it describes as political interference by Vice President Dr. Mahamud Bawumia and the NPP parliamentary candidate for Bunkpurugu, Mr. Solomon N. Boar, in the ongoing chieftaincy dispute surrounding the Bunkpurugu skin. In a strongly-worded statement, the family accused the two politicians of exerting undue pressure on the National House of Chiefs, a move that they believe undermines the integrity of the chieftaincy institution. The family pointed to recent comments made by Abuba, who claimed that his uncle, Vice President Bawumia, had promised to ensure that a pending judgment in the chieftaincy case would be delayed indefinitely. This, the Royal Jamong Family warned, is a "sad development and a recipe for disaster." The family has also documented Mr. Boar's activities, including a recent trip to Accra with Abuba to meet the Vice President. This has led the family to question the motivations behind ...
Read more

Electrochem’s Ada Salt Deal in Jeopardy

Image
The 15-year mining lease agreements for Electrochem Ghana Limited, a private salt mining company to mine salt on the Ada Songhor Lagoon appears to be in jeopardy with the withdrawal of consent to the agreement by the allodia owners of the lagoon.  The latest blow to Electrochem which is owned by Daniel McKorley, Chief Executive Officer of the McDan Group of Companies is the withdrawal of consent by Nene Korley IV who is the Divisional Chief and Clan-head of the Tekperbiawe Clan of the Ada Traditional Area.  In a letter written to Mr. McKorley through his lawyers A-F Amissah & Wood Solicitors and Barristers Consultants dated 11th February 2025 and titled, “Letter of Withdrawal of Consent to Electrochem’s Dealing With the Songor Lagoon”, Nene Korley IV cited thuggery, insecurity in Ada, violation of rights of the indigenes and locals among others as the reasons for his withdrawal of consent to the company’s dealings with the Songor lagoon. The letter which was copied NENE AB...
Read more