Mahama’s 24-hour economy policy will create over 3 million new jobs – Fifi Kwetey

Mahama’s 24-hour economy policy will create over 3 million new jobs – Fifi Kwetey

The General Secretary of the National Democratic Congress (NDC), Fifi Kwetey, says former President John Dramani Mahama's 24-hour economy policy is a game changer.

According to him, the policy when implemented will massively improve the economic fortunes of the country.

This assertion is bolstered by the findings of Dr. Yakubu Abdul-Salam, an esteemed Associate Professor of Economics at the University of Aberdeen Business School, who utilized the Computable General Equilibrium (CGE) model in his research.

Endorsing the findings, Mr. Kwetey took to his Facebook page to explain that the 24-hour economy policy could catalyze a monumental 31.7% growth in Ghana's Gross Domestic Product (GDP) over the next decade.

According to the research, the policy will also result in the creation of over 3 million new jobs within five years.

Unlocking Ghana's Potential: The Transformative Impact of the 24-Hour Economy Policy

Recent research by Dr. Yakubu Abdul-Salam, Associate Professor of Economics at the University of Aberdeen Business School, sheds light on the remarkable potential of Ghana's 24-hour economy policy, paving the way for unprecedented prosperity.

In his study, Dr. Abdul-Salam employs the sophisticated dynamic recursive Computable General Equilibrium (CGE) model to meticulously assess Ghana's transition to a 24-hour economy. Renowned for its comprehensive analysis, this methodology offers a robust forecast of the policy's implications, emphasizing its significance for Ghana's economic landscape.

The study's projections are striking, indicating a remarkable 31.71% expansion in Ghana's economy over a decade under the 24-hour economy policy. This substantial growth trajectory signifies a leap towards economic resilience, prosperity, and enhanced global competitiveness.

Central to the policy's objectives is its commitment to generating over 3 million job opportunities within five years. Beyond mere statistics, this surge in employment represents the aspirations and livelihoods of millions of Ghanaians, fostering diverse and sustainable career avenues across various sectors.

 

As the nation approaches the polls, the choice is clear. For prosperity, for jobs, for an inclusive and vibrant Ghana, endorsing and re-electing H.E. John Mahama is the way forward. Let's embrace a future where every hour counts, where progress is perpetual, and where Ghana's boundless potential is fully realized.

Together, let's unlock Ghana's potential and build a brighter future for all!

Reference:

Abdul-Salam, Y. (2024). The Transformative Impact of the 24-Hour Economy Policy on Ghana's Economic Landscape. University of Aberdeen Business School, January 2024.


Disclaimer: "The views expressed on this site are those of the contributors or columnists, and do not necessarily reflect 24houreconomy.org’s position. 24houreconomy.org will not be responsible or liable for any inaccurate or incorrect statements in the contributions or columns here."

Share On Social Media



24-HOUR ECONOMY

Economy

All you need to know about John Mahama’s proposed 24 hour economy
Read More
Mahama 24-Hour Economy Plan (FULL TEXT)
Read More
Our 24-hour economy initiative was well thought through – Mahama
Read More
New technologies will drive the 24-hour Economic Policy – John Mahama
Read More
Implementing a 24-Hour Economy: John Mahama’s Vision for Ghana in 2024
Read More
What is 24-Hour Economy?
Read More

Related News

News

It’s shameful  Ghana can’t mobilise resources locally to purchase cocoa – Agric Economist
It’s shameful Ghana can’t mobilise resources locally to purchase cocoa – Agric Economist
Read More
Kumasi International Airport is the legacy of NDC, not the NPP- Sammy Gyamfi
Kumasi International Airport is the legacy of NDC, not the NPP- Sammy Gyamfi
Read More
Anti-LGBTQ+ Bill: Uphold the constitution you swore to protect  and adhere to– Catholic Bishops Conference
Anti-LGBTQ+ Bill: Uphold the constitution you swore to protect and adhere to– Catholic Bishops Conference
Read More
Minority in Parlaiment support Speaker’s suspension of new ministers’ approval over anti-gay bill
Minority in Parlaiment support Speaker’s suspension of new ministers’ approval over anti-gay bill
Read More
Formal statement by the Rt. Hon. Speaker on the refusal of the president to accept the transmission of the human sexual rights and family values bill, 2021.
Formal statement by the Rt. Hon. Speaker on the refusal of the president to accept the transmission of the human sexual rights and family values bill, 2021.
Read More
Mahama promises to build university in six new regions when voted into power
Mahama promises to build university in six new regions when voted into power
Read More