President John Dramani Mahama officially signed the 24-Hour Economy Authority Bill into law, marking a significant step in the government’s push to transform Ghana’s economic landscape.
The President appended his signature to the bill on Thursday, February 19, just before the start of a Cabinet meeting, formally giving legal backing to one of his administration’s flagship economic policies.
Speaking at the brief signing ceremony, President Mahama described the moment as both historic and necessary. He revealed that he had “just appended my signature to give assent to the 24-hour authority bill,” noting that it is a piece of legislation “Ghanaians have been working for” over time.
He acknowledged that the process had taken longer than some may have expected, but stressed that the delay was deliberate to ensure the policy had a solid legal foundation. “It’s taking a while, but we needed to go patiently through the process to give legal effect to it,” he explained.
With the bill now signed into law, the President emphasised that the real work begins. “From now, we must move from strategy to implementation,” he said, underscoring the urgency of rolling out the initiative.
According to him, both local and international investors are keenly watching developments. “The business sector is waiting. Ghanaian investors are waiting. Foreign investors are waiting. They want to see the package of incentives that we offer them so that they can invest more and expand productivity, and also create more employment for our young people,” he stated.
