Kwarteng Urges Shift to Business Growth Over 24-Hour Economy
Former Deputy Finance Minister and Member of Parliament for Obuasi West, Kwaku Kwarteng, has called on the government to abandon the 24-hour economy policy, describing it as political rhetoric that was never properly thought through.
Speaking in an interview on JoyNews’ AM Show on Thursday, January 8, Mr Kwarteng said the idea entered the political space as a campaign message rather than a serious economic policy.
He questioned the lack of clarity surrounding the policy, arguing that its meaning remains undefined. Nobody has been able to tell us clearly what a 24-hour economy means.
Mr Kwarteng said there is no need for government intervention to compel businesses to operate around the clock. There is no such thing as a 24-hour economy if you create the right environment for the private sector.
Instead, he urged the government to prioritise policies that support private sector growth. Let us focus on infrastructure that will allow businesses to run properly.
Mr Kwarteng stressed that Ghana faces serious economic challenges that require difficult but necessary reforms rather than political slogans. The global economy is becoming more competitive and more hostile for economies like ours.
He concluded by urging the government to move away from political messaging and focus on stabilising the economy. There are serious things the government must do to give this economy a future.
Image Source: MYJOYONLINE
