Government to Support, Not Control 24-Hour Economy Initiative – Mahama

President John Dramani Mahama has affirmed that the government will serve as a facilitator, not a dominant force, in the implementation of the 24-Hour Economy policy.

Speaking at the official launch of the initiative in Accra on Wednesday morning, President Mahama stressed that the private sector will play the leading role in driving the programme, with the government providing the necessary support and enabling environment.

“The private sector will lead the 24-Hour Plus programme. Government will facilitate and not dominate,” he said.

He clarified that public funding for the initiative will be strategic and limited to catalytic investments—meant to stimulate private sector participation rather than control operations.

“Any government funding in 24-Hour Plus will be catalytic, serving as seed funding for the 24-Hour Plus Authority and supporting bulk infrastructure,” President Mahama explained.

This model, he noted, is designed to attract larger private capital flows while minimizing the financial strain on the national budget.

According to him, funding for enterprises under the programme will be sourced from commercial banks, development finance institutions (DFIs), and blended finance mechanisms to ensure the 24-Hour Economy remains commercially viable and investment-friendly.