24-Hour Economy was not born with Mahama’s second term, says Nii Moi Thompson
The Chairman of the National Development Planning Committee (NDPC), Dr Nii Moi Thompson, has revealed that the 24-hour economy policy was not conceived under President John Mahama’s second-term administration.
Dr Nii Moi Thompson, Chairman of the National Development Planning Committee (NDPC), has stated that the 24-hour economy policy was not implemented during President John Mahama's second term. The policy is believed to have originated from the country's 48-year development plan. Dr Thompson emphasized that although the entire plan was intended to be legislated, it was not completed.
Despite this, the government, specifically the NDC, incorporated elements from the 48 Development Plan into other initiatives. These include the establishment of the Ministry of Sports and Recreation and the Ghana Agency for Development Cooperation. Regarding the 24-hour economy's progress, Dr Thompson commended the efforts made by the policy's initiators, stating they have lined up investments across various sectors.
He, however, suggested that the government should prioritize small and medium-sized enterprises (SMEs) over the next two years, as SMEs contribute significantly to job creation by generating jobs in existing businesses. Dr Thompson noted that existing businesses account for approximately 80% of new jobs, and the focus should be on enhancing the quality of these existing jobs.
Written by urgent.news from MyJoyOnline Ghana's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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