Gov’t Reaffirms Support for Private Sector in 24-Hour Economy Rollout
The government has reiterated its commitment to making the private sector a central pillar in the implementation of the 24-hour economy initiative, pledging measures to boost productivity, create jobs, and sustain business growth.
Presidential Advisor on the 24-Hour Economy and Accelerated Export Development Programs, Augustus Goosie Tanoh, said the policy would not only cover essential public services such as health, transport and security, but also create the right conditions for private businesses to operate beyond traditional working hours.
Speaking at the Central Expo 2025 Business Forum in Cape Coast, Mr. Tanoh stressed that the active participation of the private sector remains crucial to the success of the government’s flagship initiative.
“Our focus is to support private businesses, whether small, medium, or large-scale to take advantage of this new shift. We will ensure that incentives, infrastructure, and security systems are in place to allow businesses to run around the clock,” he said.
The forum, which was held under the theme “Empowering Women and Youth-led Enterprises to Promote Economic Growth,” brought together entrepreneurs, investors, and policymakers to explore how enterprises in the Central Region could leverage the government’s transformation agenda.
According to Mr. Tanoh, sectors such as manufacturing, hospitality, retail, logistics, and digital commerce stand to gain significantly if they align their operations with the policy shift. He added that consultations with industry players were ongoing to address challenges such as electricity costs, staffing, and safety.
“We are determined to ensure the 24-hour economy creates inclusive opportunities for all businesses, not just large corporations,” he assured.
Some business owners at the event expressed optimism about the initiative. Abigail Hanson, manager of a local hair growth products company in Abura Dunkwa, said: “If power supply and security are guaranteed, we can increase our shifts and employ more people.”
However, others raised concerns about the affordability of electricity and difficulties in recruiting staff for night operations. Small business operators urged government to roll out targeted support for SMEs to prevent them from being marginalized.
The Central Expo 2025, held from August 23 to 31 at Adisadel College Park, Cape Coast, showcased the Central Region’s vast trade, tourism, and investment opportunities. The annual event, organized under the Central Regional Coordinating Council’s (CRCC) Regional Development Strategy, attracted thousands of exhibitors, investors, and business leaders.
The expo also aimed at enhancing international exposure, fostering partnerships, and stimulating business growth, with a strong focus on promoting youth entrepreneurship, domestic tourism, and job creation.
Central Regional Minister, Ekow Panyin Okyere Eduamoah, urged businesses to work closely with the CRCC to accelerate development in the region.
“We must turn this expo from an event into a movement that drives change and transforms our local economy,” he said.
