Use 24-hour economy as stimulant for productivity –  Ofosu-Dorte

A senior partner at AB & David Africa David Ofosu-Dorte, has emphasised that President Mahama’s 24-hour economy policy should serve as a catalyst for addressing Ghana’s longstanding productivity challenges.

According to him, a strategic implementation of the policy will help yield meaningful results and further boost productivity within all areas, as inefficiencies remain a major hurdle in the Ghanaian economy.

“If you stimulate demand and you match it with a 24-hour economy, then you are increasing supply and you’re increasing productivity. That is what you do in a country that has low productivity,” Ofosu-Dorte stated on the Citi Breakfast Show on Monday, February 10.

The president said the initiative is “a deliberate policy to encourage and support businesses and public organizations to operate 24/7 in three shifts of eight hours to boost production, promote productivity and generate well-paying jobs – aimed at transforming Ghana into an import substitution and export-led economy.”

Meanwhile, Ofosu-Dorte observed that if the President fails to pull along all his appointees on the path of his vision, it would be a “lonely walk to nowhere”.in the now and in the future. Mr. Mahama during his campaign said the initiative would create an enabling and conducive environment for businesses, companies, and government agencies to create more jobs and recruit more people into employment. The President also outlined the benefits of the 24-hour economy initiative, which he said would enhance and strengthen the standard of living of many more Ghanaians.