About 32% of businesses to consider investing or expanding under 24-Hour Programme – KPMG UNDP Report
The factors that would encourage businesses to participate or invest in the 24-hour economy were access to finance, reliable and affordable utilities and tax incentives.
A KPMG United Nations Development Programme survey indicates that approximately 32% of businesses in Ghana would consider investing or expanding under the 24-Hour Programme, with 44% willing to do so if suitable incentives or enabling conditions are provided. Factors encouraging participation include access to finance, reliable utilities, and tax incentives.
However, 14% of respondents require more information, and 10% would not participate. The study highlights business optimism as constrained by finance availability, dependable utilities, market demand, and practical investment conditions. Respondents expressed conditional interest in the 24H+ programme, with a focus on jobs and youth employment, while a focus group study highlighted challenges such as documentation, customer access, and cash-flow issues.
The survey underscores the need for government support in providing usable finance, investable projects, and implementation that generates sustained activity and employment.
Brief written by urgent.news from MyJoyOnline Ghana's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
