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The Association of Ghana Industries (AGI) has commended the government and Parliament for the passage of the 24-Hour Economy Authority Bill, 2025 and expressed its readiness to partner the government to ensure effective implementation of the initiative.
The country’s largest grouping of industrial concerns said the initiative represented a bold step towards unlocking Ghana’s economic potential through round-the-clock productivity, supported by a framework that stimulated investment, strengthened supply chains and positioned Ghana as an export-led economy.
A statement issued by the AGI in Accra yesterday and signed by its President, Pharm Kofi Nsiah Poku, said the country’s macroeconomic indicators were showing positive trends.
“To sustain and deepen these gains — achieved through the efforts of the President, the Minister of Finance, and the Governor of the Bank of Ghana — there is a critical need to diversify our export base,” it said.
According to the AGI, the passage of this Bill was timely, as export diversification remained essential to the long-term sustainability of Ghana’s economic recovery.
The association believes its effective implementation will create jobs, increase productivity, boost exports, and reduce reliance on imported goods, saying, “these outcomes will strengthen Ghana’s economic resilience and long-term stability.”
The AGI expressed satisfaction at the establishment of a legal framework to coordinate policy implementation and facilitate incentives to support continuous industrial operations.
“We expect strong regulatory oversight, effective public-private coordination, mobilisation of investment, and the provision of infrastructure to support 24-hour operations,” the statement said.
“We particularly welcome the proposed incentives, including tax rebates for multi-shift operations, subsidised night-time electricity tariffs, and fast-track import duty waivers for production equipment,” the AGI added.
It explained that those incentives would enable small and medium enterprises (SMEs) in manufacturing, agro-processing and export sectors to expand operations, create jobs and increase local production.
The association said while such incentives might reduce government revenue in the short term, supporting local industry would drive structural transformation, broaden the future tax base, and enhance long-term growth and fiscal stability.
“In light of the implementation challenges associated with the Tax Exemptions Act, 2022 (Act 1083), AGI would like to see the new framework ensure efficient and transparent access to fiscal and monetary incentives for firms participating in the 24-hour value chain,” the statement said.
As the policy is rolled out, AGI said it expected the authority to integrate beneficiaries of existing initiatives, such as One District, One Factory (1D1F), and extend similar support.
It said many of those facilities were currently operating below capacity and, therefore, they must be supported to revive production, strengthen industrial output, and create additional jobs.
The AGI said it remained aligned with the strategic pillars of Grow24, Build24, and Make24, and was ready to partner the government to ensure effective implementation of this initiative.
“The success of the 24-Hour Economy will ultimately depend on strong coordination, policy consistency, and sustained engagement with industry,” the association stressed, and recommended continuous collaboration with the private sector to ensure the policy delivered its intended impact.
The association also reaffirmed its commitment to work closely with the government in developing the necessary regulations to support successful implementation.
