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Electricity essential if 24hr economy will be implemented – Prof Gatsi
Economist Prof. John Gatsi has suggested that electricity is essential if the 24-hour economy proposal by the flagbearer of the National Democratic Congress (NDC), John Dramani Mahama, is to be implemented.
He believes part of the manufacturing sector will be disincentivized if constant electricity is not provided to ensure effective production.
The economist also mentioned that efficient security is needed in the implementation of the 24-hour economy.
Mr. Mahama, during his campaign tour in the Bono East Region, proposed to transform the economy with his 24-hour idea if elected in the 2024 elections. The proposal has become a topic of discussion among both the business community and politicians.
“Broadly, we need to incentivize by providing efficient security for some of the cities and sectors that we want to target. Power is key in the production process; electricity must definitely be worked on for us to become competitive,” Prof. Gatsi opined.
Speaking on Citi TV on the Big Issue, Prof. Gatsi emphasized the need for competitive production if the 24-hour economy will succeed in emerging markets.
“If you want to quickly address the huge consumption of tomatoes, ginger, garlic, rice in the country, the demand is there, so no problem; it’s the capacity that is not there. We have to incentivize the capacity within the 24-hour in the production of these areas. The market is already there, so we don’t have a problem with that. Even where the market is, we need to also look at how the 24-hour will incentivize competitive production.
He added, “If we are going to incentivize production in general and foster a 24-hour economy in this capacity to be able to feed into it, then we need not to look at only the market, but we also need to look at the competitiveness of production. If you want to consider the export market, that is where we should be looking at whether the market exists or not. All these nuances within the operation will have to be considered as we go along. Competitive production is key to the success of this agenda.”
Source: Citinewsroom.com
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Ghana to locally refine its gold starting October 2025 – Sammy Gyamfi
The Chief Executive Officer of the Ghana Gold Board, Sammy Gyamfi, has announced that plans are far advanced for the establishment of a state-owned gold refinery in the country.
Speaking at the 2025 Minerals and Mining Convention, Mr Gyamfi said the refinery will process locally mined gold into bullion instead of exporting it in its raw state.
According to him, it is unacceptable that Ghana, despite being a leading gold producer in Africa, continues to export raw gold known as dore.
He explained that the Gold Board, working with the Bank of Ghana and local refineries, will from October 2025 begin refining gold locally.
He also disclosed that an ultramodern assay laboratory will be built to ensure international standards in testing gold quality.
Mr Gyamfi noted that the refinery will be wholly state-owned and will help Ghana move away from raw mineral exports to value addition.
This, he said, will boost foreign exchange earnings, create jobs, and position Ghana as a hub for gold refining and jewellery production in Africa.
The CEO stressed that the project forms part of government’s strategy to ensure the country benefits fully from its natural resources and to transform the mining sector into a driver of economic growth.
By: Jacob Aggrey
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There is strength in diversity; let’s live in peace – Zanetor Rawlings urges Ghanaians
Member of Parliament for Korle Klottey, Dr. Zanetor Agyeman-Rawlings, has urged Ghanaians, especially the youth, to value the peace the country enjoys and to see diversity as a source of strength.
Speaking at the National Youth Conference held at the Pentecost Convention Centre under the theme “Igniting Potential; Inspiring Change”, she warned against being lured into conflicts and divisions fueled by reckless statements from politicians, traditional leaders, religious figures, or academics.
According to her, many young people have no idea what it means to live in a country torn apart by war, and therefore must not take Ghana’s peace for granted.
She stressed that the harmony among different ethnic and regional groups should be protected at all costs, since it is peace that allows citizens to gather freely and safely.
Dr. Zanetor said Ghana’s development depends on embracing diversity and working together.
She urged the youth to tap into this strength so that Ghana would continue to shine as the “Black Star” of Africa and serve as an example for other nations.
She expressed appreciation to the participants for attending the conference and asked for God’s blessings on the country.
By: Jacob Aggrey
