The Communications Officer of the opposition National Democratic Congress (NDC), Sammy Gyamfi, has unveiled the party's comprehensive plan to foster a 24-hour economy. He emphasized that this initiative aims to drive a transformative shift, turning Ghana from an import-dependent country into a self-sufficient and export-led economy. Gyamfi highlighted this overarching vision during an appearance on The Probe on JoyNews.
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Gyamfi clarified that the 24-hour economy aspiration serves as a critical cornerstone within the party's vision to attain economic prosperity for all. This shift hinges on the belief that traditional eight-hour workdays are insufficient for achieving the necessary level of efficiency, productivity, and overall economic growth.
The party's strategy involves prioritizing agribusinesses and agro-processing, modernizing and mechanizing agriculture, bolstering manufacturing and value addition, and offering the necessary incentives to catalyze private sector participation in driving this economic transformation. The goal is to create sustainable jobs and prosperity by maximizing the potential of the country's entire 24-hour cycle.
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Addressing Criticisms and Offering Solutions
Addressing criticisms directed at the NDC's proposal, particularly concerning the feasibility and impact of a 24-hour economy, Gyamfi emphasized that the party has developed measures and incentives, including ensuring a conducive atmosphere of security and safety to realize this vision. He underscored the strategic nature of this proposal, emphasizing that it's deeply rooted in the 40-year development plan conceptualized during the erstwhile John Mahama administration and published in 2018.
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Response to Opposition and Recognition of Benefits
Despite criticisms from political opponents who question the novelty and transformative potential of the idea, Gyamfi reiterated the party's commitment to realizing this vision. Conversely, some have lauded this proposal, recognizing its potential as a game-changer for Ghana's economy. Proponents believe that such a revolutionary shift has the potential to unlock new avenues for growth and prosperity.
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Future Direction and Enabling Environment
Gyamfi emphasized the deliberate nature of this intervention by the government, intending to foster an ecosystem where companies, businesses, and public institutions can operate around the clock. The strategic approach aims to position Ghana at the forefront of transformative economic growth through sustainable and productive utilization of the entire 24-hour cycle.
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