NPP has destroyed the economy – Kwakye Ofosu

A former Deputy Minister of Information, Felix Kwakye Ofosu has told young people in Ghana that the 24-hour economy idea proposed by former President John Dramani Mahama is what they need.

He stated that the 24-hour economy will create room for the economy to expand thereby creating more jobs for the youth.

In a tweet, he said, “If you are a young person out there, the bottom line for you with @JDMahama ‘s 24hr economy proposal is that he wants to create room for an expansion of economic activity so you can secure a job after the NPP’s destruction of the economy and severe limitation of fiscal space.”

The proponent of the 24-hour economy idea, Former President John Dramani Mahama said that incentives are going to be provided for businesses who sign up for this policy.

He indicated that the idea would not be imposed on businesses but rather a voluntary policy.

“I envision a 24-hour economy where hospital facilities, filling stations, manufacturers, construction companies, garbage collection companies, mining and extractive industries, agro-processing,  harbors and ports, financial services, digital start-ups will operate a three-shift system 24/7 in an atmosphere of safety and security.

“This 24 hour economy I propose will be voluntary, it will not be imposed. Businesses will be encouraged to sign up with tax incentives provided for them and enhanced security and lower electricity tariffs after peak hours. Special meters will be deployed to provide what is known as time-of-use tariffs to deliver cheaper power to such businesses during the hours of especially 10 AM and 6AM,” he said while speaking to Catholic Bishops in Sunyani on Saturday, November 18.

He further said that the 24-hour economy is meant to create jobs for all Ghanaians.

“The 24-hour economy I proposed is for jobs and more jobs,” the flagbearer of the National Democratic Congress (NDC) stressed.

Mr Mahama proposed the ’24hr Economy ‘ project when he met with officials of the country’s mother workers union on Tuesday, November 7, 2023 at the start of his engagement with key stakeholders in a quest to return to power.

Dubbed ‘Building Ghana Tour’, the interactions with the stakeholders was to apprise them of the policies the next NDC administration would implement to transform the economy.

He said “NDC was left alone as the solitary voice seeking to hold the government accountable and speaking up for the voiceless Ghanaian and we were often cast out as spoilt brats who were ranting just because we have lost power.

“Today, the chickens have come home to roost and we are all affected.”