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Title: “24hour Economy: Mahama has just “copied” one of the byproducts of Dr. Bawumia’s Digital Transformation agenda”
Upon reflection on the concept of the 24-hour economy, I find myself questioning the NDC’s touted policy, wondering if it truly brings something groundbreaking to the table. In my observation, the digital transformation currently underway in Ghana plays a pivotal role in propelling us towards a round-the-clock economic model.
Take, for instance, the Ghana Revenue Authority’s move towards online tax filing. This initiative not only enhances efficiency but ensures that our nation continues to generate revenue even after the traditional working hours have concluded. It’s a testament to our ability to adapt and thrive in the digital age.
The ECG PowerApp is another fascinating example. It enables the Electricity Company of Ghana to sell electricity beyond 5 pm, with essential services such as customer care and engineering support working tirelessly into the night to address client challenges promptly. I’ve personally utilized these services during the late hours, experiencing firsthand the efficiency brought about by digitalization.
The Ghana Water App is yet another testament to the power of technology in driving a 24-hour economy. It consistently generates revenue for the Ghana Water Company, showcasing the potential for essential services to operate seamlessly around the clock.
Essential service staff, including the Ghana Police Service, Ghana Fire Service, and Prisons, health services, etc, have long embraced 24-hour job shifts, ensuring the continuous provision of critical services to the public.
Our industrial sector is thriving with many factories operating day and night shifts, contributing significantly to the 24-hour model. Likewise, certain fueling stations, exemplified by Star Oil, have adopted 24-hour shifts, depending on the safety of their surroundings.
Banks, too, have embraced the digital age. Dr. Mahamudu Bawumia’s leadership in spearheading mobile money interoperability has enabled 24/7 deposits and withdrawals, revolutionizing the accessibility of banking services beyond traditional hours.
So, as I ponder these advancements, a critical questions arises:
“What does the NDC, under the leadership of Mahama, plan to do differently than what is already in motion, in order to increase the number of industries that are running 24 hour operations? “
The NDC and Ex President John Mahama’s challenge always lies with formulating a succinctly thought through policy to drive this nation Ghana into our desired future.
In conclusion, 24 hour economy is one of the benefits of Dr. Bawumia’s digital transformation agenda. It does not come about by reducing electricity tariffs for factories or government giving them tax incentives to factories that work in the night. Factories will increase their production operations automatically to include the nights when their sales or demand increases.
Stephen Forson
(Dep. Director of IT, NPP HQ)
The Global Network of Export-Import Banks and Development Finance Institutions (G-NEXID) successfully held its sixth (6th) Exchange Programme, hosted by the Ghana Export – Import Bank (GEXIM) Bank in Accra from March 22 to 23 March.
The event brought together member institutions, partner organisations and Ghanaian public entities to advance dialogue on South-South trade, investment and development finance, while also creating opportunities for knowledge-sharing and institutional cooperation.
Organised as a capacity-building and networking platform, the 2026 edition of the G-NEXID Exchange focused on GEXIM’s experience in developing innovative solutions to promote intra-African and extra-African trade.
It also highlighted trade and investment opportunities in Ghana, particularly in the context of the African Continental Free Trade Area (AfCFTA) and broader national development initiatives.
The Exchange Programme forms part of G-NEXID’s mandate to foster cooperation among export-import banks and development finance institutions in support of South-South trade and investment.
This 6th edition follows earlier successful programmes hosted by India Exim Bank (2016), BNDES (2017), Indonesia Eximbank (2018), Afreximbank (2019) and Saudi EXIM Bank (2025).
On the first day, participants were presented with G-NEXID institutional information and received an update on the Network’s 2026 work programme.
There were a series of substantive presentations, including an overview of the Ghanaian economy by the Ministry of Finance, with particular attention to debt-related challenges; a presentation by the Ghana Investment Promotion Centre (GIPC), on investment opportunities in the country; and institutional presentations by GEXIM and Development Bank Ghana (DBG) on their respective mandates, initiatives, products and services.
Discussions during the sessions underscored strong interest in sector-focused webinars and business dialogues, particularly in agribusiness value chains such as poultry and rice.
Participants also emphasized the importance of continued information exchange and the sharing of best practices, especially in the area of guarantees.
The second day opened with a presentation on the 24-Hour Economy and Accelerated Export Development Programme, a national economic transformation strategy launched by President John Dramani Mahama in July 2025.
The initiative aims to enhance economic productivity through continuous industrial activity, accelerated export development and strategic import substitution.
As the programme is expected to mobilise both private and development capital, it presents concrete opportunities for G-NEXID members in areas such as co-financing, guarantees, trade finance and technical cooperation.
The programme also featured institutional presentations by guest organisations, namely the African Guarantee and Economic Cooperation Fund (FAGACE) and the West African Development Bank (BOAD), which shared their mandates, initiatives, products and services.
Following these exchanges, the G-NEXID Secretariat held bilateral discussions with both institutions as part of the Network’s ongoing membership drive.
Participants further benefited from a presentation by the Eastern and Southern African Trade and Development Bank (TDB), as well as a showcase of GEXIM’s key pipeline projects.
On the margins of the Exchange Programme, G-NEXID members also held their 20th Annual General Assembly Meeting to review progress and discuss strategic priorities.
Following the event, participants joined the GEXIM@10 International Conference, held from March 24-25, 2026 under the theme, “A Decade of Enabling Export Trade and Industrial Transformation: Resetting GEXIM for the Next Frontier.”
The conference provided an important platform for exploring how Ghana can strengthen its transition from a primary commodity exporter to a more competitive player in value-added trade and industrial development.
Source – G-NEXID
President John Dramani Mahama on Tuesday, March 31, 2026, signed five bills including three amendment bills passed by Parliament into law.
They are: Security and Intelligence Agencies Bill, 2025; University of Engineering and Agricultural Sciences Bill, 2025; Ghana Deposit Protection (Amendment) Bill, 2025; Growth and Sustainability Levy (Amendment) Bill, 2026; and Education Regulatory Bodies (Amendment) Bill, 2026.
In a brief remark after assenting to the bills, President Mahama explained that the Security and Intelligence Agencies Act, 2026, scraps the Office of Minister of National Security and frees the President’s to appoint any Minister to supervise the security agencies.
He said it also reverses the name of the office of National Intelligence Bureau (NIB), to the original name, Bureau of National Intelligence, (BNI).
This the President said, addresses the confusion between that security agency and a well-known Ghanaian financial institution, the National Investment Bank.
President Mahama also noted that the University of Engineering and Agricultural Sciences Act, 2026, establishes another University in the Eastern Region, at Bonsu, with three campuses – the main campus at Bonsu in the Eastern Region, with the second campus to be cited at Ohawu in the Oti Region.
The third, the Presdient assed will be located at Acherensua in the Ahafo Region.
Touching on the Amendment to the Growth and Sustainability Levy Act, the President said, “As you’re aware, the act was amended to increase it from 1% to 3%, and so this act reduces it again. That is the levy on mining companies. It reduces it again to 1%, because of the introduction of the sliding scale of royalties.”
He also spoke to the passage of the Government Education Regulatory Bodies Amendment Act, emphasising that amends Act 1023 to grant greater flexibility to private tertiary institutions and the option to Charter.
The Ghana Deposit Protection Amendment Act, the President concluded, is an amendment to an original act that was supposed to guarantee deposits held in commercial banks or financial institutions.
It basically expands protection to include mobile money wallets and other digital platforms, ensuring a wider scope of digital financial assets are secured.
The signing ceremony, was witnessed by the Clerk of Parliament, Mr. Ebenezer Ahumah Djietror, Secretary to the President, Dr Callistus Mahama, the Minister of Justice and Attorney General, Dr Dominic Akrutinga Ayine, Chief of Staff, Julius Debrah, Joyce Bawa Mogtari, a Senior Presidential Advisor and a Special Aide to the President, Finance Minister, Dr Cassiel Ato Baah Forson, and the Vice President, Professor Jane Naana Opoku Agyemang.
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