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Mahama Announces July Launch of 24-Hour Economy Policy with Bold New Initiatives

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President John Dramani Mahama has announced that the government will officially launch its flagship 24-Hour Economy Policy in July, with plans to activate the Volta Lake as a major national logistics and transport corridor.

Speaking during a multi-sectoral engagement at the Jubilee House, President Mahama disclosed that the final draft of the policy has been reviewed and is ready for implementation.

“I have reviewed it, and I’m confident we now have a coherent and actionable framework to deliver results,” he said. “A stable macroeconomic environment is key to the success of the 24-hour economy, and we are achieving this through strong coordination between monetary and fiscal authorities.”

To coordinate the rollout, the government will establish a 24-Hour Economy Secretariat. Mahama revealed that steps are being taken to formalise the secretariat as an independent authority, reporting directly to the presidency and backed by legislation.

A major feature of the policy is the transformation of the Volta Lake and its basin into an economic corridor. The plan includes cultivating over two million hectares of arable lakeside land, revitalising the fishery sector, and creating industrial parks to serve both local and regional markets.

“The lake will serve as a transport highway, efficiently moving food, people, and goods—relieving pressure on our congested road networks,” Mahama explained. Investments in floating assets, lake ports, and strategic partnerships are planned to support this initiative.

The 24-Hour Economy Policy aims to drive job creation and inclusive growth. It identifies priority value chains such as agro-processing, pharmaceuticals, textiles, light manufacturing, tourism, digital services, and the creative economy. Each sector will benefit from targeted solutions to existing bottlenecks.

Infrastructure development will be spearheaded by the Ghana Infrastructure Investment Fund, which will lead the construction of industrial parks, logistics hubs, and transport upgrades. Financial support will be provided through the Development Bank of Ghana and the Venture Capital Trust Fund to enhance SME participation across value chains.

Additionally, land and workforce development are integral to the plan. Mahama announced the creation of investment-ready land banks and the launch of Aspire24, a sub-program to train youth for shift-based jobs, digital careers, and entrepreneurship.

Implementation will be decentralised, with each district forming its own task force under the local assembly to align with regional development priorities.

“This is not a top-down approach,” Mahama stressed. “Each region will drive its own industrial transformation based on its unique strengths.”

The draft programme document is scheduled for public release on Tuesday, with the official launch planned for Republic Day in July.

“This is no longer just an idea,” Mahama concluded. “It is a structured, sequenced, and inclusive plan—and we are ready to begin implementation.”

The 24-Hour Economy Policy was a central promise in Mahama’s 2024 campaign and is now set to become a cornerstone of his administration’s economic transformation agenda.

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Ghana’s Economy Remains Resilient Amid Global Conflicts — President Mahama

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President John Dramani Mahama has assured Ghanaians that the nation’s economy remains strong and resilient, despite ongoing global tensions involving the United States, Israel, and Iran.

Speaking at the sod-cutting ceremony for the 24-hour economy module market in Dormaa Ahenkro, the President emphasized that the government is actively working to shield Ghana’s economic gains from external shocks.

“We have worked diligently over the past year to stabilize our economy, and the results are clear — our economy is strengthened and resilient,” President Mahama said. “No matter what shocks may occur globally, Ghana stands firm. We have seen how conflicts such as the Russia-Ukraine war have impacted other countries, and we are determined to ensure that Ghana does not suffer similar setbacks.”

He added, “The economic progress we have achieved in this administration must be preserved. Even in the face of global disruptions, we are positioning Ghana on a firm growth trajectory. The COVID-19 pandemic and the Russia-Ukraine war challenged economies worldwide, but Ghana continues to show resilience.”

President Mahama also highlighted the government’s initiatives to boost domestic economic activity, including the establishment of the 24-hour economy module market in Dormaa Ahenkro, which aims to stimulate trade, create jobs, and enhance local business opportunities.

“Through strategic planning and consistent effort, we are ensuring that no global event can derail Ghana’s economic stability,” the President said.

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John Dramani Mahama Cracks Down on Illegal Rent Practices, Urges Tenants to Report Exploitative Landlords

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President John Dramani Mahama has issued a strong warning to landlords who flout rent regulations, calling on tenants to report any demands for rent advances that exceed the legal limit.

Speaking at a high-level engagement with Organised Labour at Jubilee House on Tuesday, March 17, the President highlighted the growing housing crisis and its severe impact on household incomes across the country.

He stressed that the rising cost of accommodation is placing unsustainable pressure on citizens, underscoring the urgent need for a coordinated national response. According to him, Ghana must initiate a comprehensive housing dialogue involving government, the private sector, and labour unions to develop a robust social housing framework.

“Housing is a major problem, and for households, it is consuming their income,” he stated, advocating for affordable solutions through structured mortgage systems and fair rental arrangements.

President Mahama pointed to the country’s housing deficit as a key driver behind the increasing trend of landlords demanding excessive rent advances—often far beyond what the law permits. He noted that while existing regulations cap rent advances at six months, enforcement remains weak, partly due to reluctance from both tenants and landlords to seek redress through the rent court.

“The reason private house owners are taking advantage is because of the housing deficit,” he explained, adding that legal mechanisms are already in place but underutilized.

The President urged tenants to take a firm stand against unlawful practices by reporting offending landlords to the appropriate authorities, including the rent court, assuring that strict action would be taken against violators.

His remarks come at a time of heightened public concern over widespread reports of landlords demanding up to two years’ rent in advance—a practice widely condemned as both illegal and exploitative, further deepening the country’s housing affordability crisis.

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Sam George Defends New SIM Registration Drive, Cites Consumer Protection and Security Concerns

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The Minister for Communication, Digital Technology and Innovation, Sam Nartey George, has defended the government’s decision to undertake a new SIM registration exercise, emphasizing that the initiative is focused on safeguarding consumers and improving national security systems.

Speaking to stakeholders, the Minister highlighted significant flaws in the current SIM database, warning that inaccuracies have placed innocent individuals at risk. He explained that cases of identity theft and data errors have led to situations where people are wrongly implicated in criminal activities.

According to him, security agencies have raised concerns about the credibility of existing data. He noted that law enforcement authorities often rely on SIM registration records to identify suspects, but inconsistencies in the database have resulted in wrongful arrests.

“The Minister for the Interior, who also serves as the Minister for National Security, has consistently called for a more reliable SIM register,” he said, adding that in some instances, cloned Ghana Cards have been used to register SIM cards linked to criminal acts.

Mr. George stressed that the new registration exercise is not driven by procurement interests, but rather by the urgent need to build an accurate and secure system. He pointed out that the government’s priority is to establish a credible database that protects users while providing dependable information to security agencies.

“At the core of this exercise is consumer protection and user confidence,” he stated, contrasting the current approach with previous registration efforts, which he suggested were overly focused on procurement processes.

The Minister further indicated that the government aims to develop a system jointly managed by the National Communications Authority (NCA) and the National Identification Authority (NIA), ensuring long-term reliability and accountability.

He expressed confidence that, if properly implemented, the new SIM registration exercise would be the last of its kind, ultimately restoring public trust and reducing cases of identity misuse.

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