Ghana MPs Pass 24-Hour Economy Authority Bill 

Members of Ghana’s Parliament have passed the 24-Hour Economy Authority Bill, a government intervention programme aimed at encouraging and supporting businesses to operate around the clock.

The bill was approved on Friday following extensive deliberations and debate between the Majority and Minority caucuses on the floor of the House.

Introduced by the current administration, the 24-hour economy policy was laid before Parliament in late 2025. It is designed to transform the country’s economy into a fully operational 24-hour system.

However, during deliberations, members of the Minority caucus raised concerns about the policy, warning that if not carefully implemented, it could pose security challenges and cause inconvenience to Ghanaians.

In response, proponents of the bill assured lawmakers that the benefits of the policy outweigh its potential drawbacks, adding that adequate security and regulatory safeguards would be put in place to ensure smooth implementation.

The 24-hour economy policy is expected to significantly boost import substitution and export growth. It is projected to help stabilise the national currency, strengthen foreign reserves, reduce inflation and interest rates, create employment opportunities, and improve overall living standards.