GHANA’S 24-HOUR ECONOMY: PRIVATE SECTOR OR FAILURE AWAITS, WARNS DR. KUSI BOAFO.

Dr. Kusi Boafo appeared on ICAD TV Morning Show, Ghana Nti, with Nana Nhyiraba Kwabena Asrifi, to discuss the recently passed 24-hour economy policy in Parliament, warning that without private sector participation, the program is doomed to fail. Jobs and Money Won’t Come From Government Alone Dr. Boafo emphasized that the 24-hour economy is not a law forcing workers into three shifts. “The government cannot employ workers around the clock because it cannot pay them,” he said, highlighting that many public workers are still owed salaries. He added that the strategy is driven by demand and supply, not by force, and will only succeed if the private sector leads. Digitalization: A Game-Changer, But Not a Magic Bullet According to Dr. Boafo, digitalization allows people to work from home and earn income, reducing the need for physical shifts. He pointed out that sectors like the police, nurses, doctors, airlines, and the Electricity Company of Ghana have operated 24/7 for years, but scaling up requires proper planning and investment. Funding and Execution Are Critical Dr. Boafo warned that previous governments struggled to pay salaries to executives in the judiciary, legislature, and even top officials. “Without sustainable funding and private sector buy-in, the 24-hour economy is just words on paper,” he said. He concluded that the policy’s success depends entirely on strategic planning, private sector engagement, and proper execution. If you want, I can also make the bribery/election news and cocoa farmers’ payment issues headlines equally hard-hitting, then combine all three into one explosive Ghana Nti news bulletin. Dr.Kusi Boafo Economist