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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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Media Responsibility in Digital Age: Mahama calls for Accountability in new Media Landscape

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President John Dramani Mahama has emphasised the critical need for media regulation in the era of social media during a recent presidential media encounter. He said, the world is moving from traditional media to new media platforms like TikTok, Facebook, and X, highlighting the transformative shift in information dissemination.

The President warned about the potential dangers of unregulated digital communication, noting that “anybody with a phone and a camera can now report news or comment on national issues.” He stressed the importance of holding these new content creators accountable to prevent potential social conflicts.

He said, if the government don’t regulate that sector, it can lead this nation to war, pointing to specific instances where inflammatory social media content has fuelled tensions, such as in the Bawku situation and Gonja conflicts.

While acknowledging the removal of criminal libel laws, Mahama underscored that legal mechanisms still exist to address harmful content, particularly hate speech and incitement to violence on digital platforms.

The call for responsible digital communication comes as a critical intervention to maintain social harmony and prevent the misuse of communication technologies.

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Kojo Preko Dankwa Challenges Mahama on Galamsey; President Insists Emergency Powers Not Needed Yet

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President John Dramani Mahama has dismissed calls for the declaration of a state of emergency in the fight against illegal mining, popularly known as galamsey, despite growing concerns over its impact on water supply.

 

The debate comes on the back of a proposed 280% increase in water tariffs by the Ghana Water Company Limited (GWCL), which partly attributes the hike to the rising cost of treating water polluted by illegal mining activities.

 

During a public engagement, a participant asked the President whether the government would consider invoking a state of emergency to address the menace.

 

Responding, President Mahama said his administration was not yet prepared to take such a drastic step. He explained that existing laws already give security agencies and regulators enough authority to arrest offenders, seize equipment, and enforce forest protection measures without resorting to extraordinary powers.

 

“I’ve been reluctant to implement a state of emergency in the galamsey fight because we’ve not exhausted the powers we already have,” the President stated. “Implementing a state of emergency might sound nice, but it should be the last resort.”

 

He further noted that declaring a state of emergency would require parliamentary approval and could only last for a limited duration, making it a complex measure to apply effectively.

 

“The areas where galamsey is taking place cover several districts of our country. If we were to declare a state of emergency, we would need to delineate those areas clearly. For now, I believe we have given the security services enough powers to deal with those involved,” Mahama added.

 

Illegal mining has long plagued Ghana, contaminating rivers, destroying farmlands, and threatening sustainable access to potable water. While government crackdowns have intensified in recent years, the practice remains widespread, putting pressure on the country’s water resources and prompting difficult policy choices.

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Agri-Impact CEO Warns: Agriculture Budget Too Small to Drive Ghana’s Economic Transformation

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The Chief Executive Officer (CEO) of Agri-Impact Group, Daniel Acquaye, has criticized the government’s allocation to the agriculture sector in the 2025 budget, describing it as inadequate to drive the country’s economic transformation.

 

Speaking at the PwC post-budget digest in Accra, Mr. Acquaye said only GH¢1.5 billion (about $100 million), representing 0.54 percent of the GH¢279 billion national budget, was set aside for agriculture. He stressed that this amount was insufficient, noting that achieving rice self-sufficiency alone would require over $100 million—equivalent to the entire agricultural allocation.

 

He warned that the underfunding contradicted government’s stated objective of making agriculture the backbone of economic growth.

 

Mr. Acquaye urged government to establish an Agriculture Fund, similar to the Ghana Education Trust Fund (GETFund), to guarantee sustainable financing for the sector. According to him, while education produces skilled labour, there is little investment in industries such as agriculture that can employ those graduates. Proper funding, he argued, would tackle youth unemployment, boost food security, and stimulate rural economies.

 

“A billion dollars from agriculture creates more jobs and opportunities than the same amount from oil or mining,” Mr. Acquaye emphasized.

 

The call aligns with the Malabo Declaration under the Comprehensive African Agricultural Development Programme (CAADP), where African Union members—including Ghana—committed to allocating at least 10 percent of national budgets to agriculture and achieving six percent annual growth in the sector.

 

Meanwhile, PwC Ghana’s Senior Country Partner, Vish Ashiagbor, noted that although the agriculture allocation looked small, complementary projects such as the GH¢10 billion “Big Push” for infrastructure and planned agri-zones could indirectly support the sector. He described the 2025 budget as a “good start,” but cautioned that effective implementation would be key to realizing its intentions.

 

On the increase in the Growth and Sustainability Levy to three percent, Mr. Ashiagbor expressed concern that sudden tax hikes could destabilize mining companies’ long-term planning, though he acknowledged government’s pressing need to raise revenue in a tight fiscal space.

 

Both speakers agreed that while the budget signaled intent, a stronger focus on execution and sustainable sector-specific funding was crucial to unlocking agriculture’s full potential in Ghana’s economy.

 

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