Parliament Approves 24-Hour Economy Authority Bill to Drive Economic Growth

 

Parliament has passed the 24-Hour Economy Authority Bill, 2025, clearing the way for the implementation of one of President John Dramani Mahama’s flagship economic policies.

The bill, which was introduced late last year, was approved following extensive debates involving both the Majority and Minority caucuses. Its passage provides the legal framework for the establishment of a 24-Hour Economy Authority, which will be responsible for coordinating the nationwide rollout of the policy.

Under the legislation, the Authority will align public and private sector initiatives, attract investment, and ensure that the necessary regulatory, security, and infrastructure systems are in place to support continuous economic activity across the country.

Government has positioned the 24-hour economy policy as a strategic intervention aimed at boosting productivity, creating jobs, and accelerating national economic growth.

During deliberations, Minority Members of Parliament raised concerns about potential security challenges associated with round-the-clock economic operations, warning that the policy could pose risks if not carefully managed. However, the Majority argued that the anticipated economic benefits outweigh the risks and assured the House that adequate security and regulatory safeguards would accompany implementation.

With the passage of the bill, the government can now proceed with establishing the 24-Hour Economy Authority and initiating the processes required to operationalise the policy nationwide.

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