The Association of Ghana Industries (AGI) has commended the government for the passage of the 24-Hour Economy Authority Bill, 2025, describing it as a bold and timely step toward unlocking Ghana’s economic potential through round-the-clock productivity.
In a statement signed by its President, Pharm Kofi Nsiah Poku, AGI said the new law provides a strong legal and institutional framework to stimulate investment, strengthen supply chains and position Ghana as an export-led economy.
The association noted that Ghana’s macroeconomic indicators are showing positive signs, but stressed that sustaining and deepening these gains will depend largely on diversifying the country’s export base.
According to AGI, the passage of the Bill comes at a critical time, as export diversification remains central to the long-term sustainability of Ghana’s economic recovery.
AGI said effective implementation of the 24-hour economy policy has the potential to create jobs, increase productivity, boost exports and reduce reliance on imported goods, thereby strengthening economic resilience and long-term stability.
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The association welcomed the establishment of a dedicated Authority to coordinate policy implementation and facilitate incentives to support continuous industrial operations.
It called for strong regulatory oversight, effective public-private collaboration, investment mobilization and the provision of infrastructure to support 24-hour production cycles.
AGI expressed particular support for the proposed incentive package under the policy, including tax rebates for multi-shift operations, subsidized night-time electricity tariffs and fast-track import duty waivers for production equipment.
It said these measures would be especially beneficial to small and medium-sized enterprises in manufacturing, agro-processing and export-oriented sectors, enabling them to expand operations, create jobs and increase local production.
While acknowledging that such incentives could reduce government revenue in the short term, AGI argued that sustained support for local industry would drive structural transformation, broaden the future tax base and enhance long-term growth and fiscal stability.
It therefore urged that lessons from the implementation challenges of the Tax Exemptions Act, 2022 (Act 1083), be applied to ensure efficient and transparent access to fiscal and monetary incentives for firms participating in the 24-hour value chain.
As implementation begins, AGI also called for the integration of beneficiaries of existing industrial initiatives, particularly the One District, One Factory (1D1F) programme, noting that many factories under the scheme are operating below capacity.
Targeted support, the association said, would help revive production, strengthen industrial output and create additional jobs.
AGI reaffirmed its alignment with the strategic pillars of Grow24, Build24 and Make24, and pledged to partner with government to ensure the effective rollout of the policy.
It emphasized that the success of the 24-hour economy would depend on strong coordination, policy consistency and sustained engagement with the private sector.
The association further reaffirmed its commitment to work closely with government in developing the necessary regulations to support the successful implementation of the initiative.
