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Deloitte Awaits Specific Details on Mahama’s 24-Hour Economy Policy

Deloitte, the professional services firm, has expressed that it is awaiting specific details on the Mahama administration's proposed 24-hour economy policy, which was announced during the presentation of the 2025 Budget. The policy is aimed at boosting economic productivity by encouraging businesses to operate round-the-clock, which is expected to create jobs and support sustainable economic growth.Finance Minister Dr. Cassiel Ato Forson emphasized that the policy would soon be formally presented to Parliament for approval. While Deloitte supports the government's goal of boosting productivity, it remains cautious, stating it needs more details on how the policy will be implemented, particularly regarding its impact on local growth, government procurement, and infrastructure development programs like the 'Big Push.'Deloitte also expressed support for the government’s efforts to cut public expenditure, as these measures could help restore investor confidence and bring about macroeconomic stability. However, […]

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Ghana’s Workforce Struggles as 74% Lack Higher Education – Economist Warns

Ghana’s economic growth is being hindered by a significant skills gap, with 74% of the workforce having no education beyond Junior High School (JHS), according to labour economist Prof. William Baah-Boateng. Speaking at the launch of the Productivity, Employment, and Growth Report on February 24, 2025, he highlighted that 20% of Ghana’s workers have no formal education, while 54% have only completed JHS.He described this as a major structural issue limiting productivity, making it difficult for the country to compete globally or implement policies like a 24-hour economy. Ghana’s labour productivity currently averages $6 per hour, compared to $70 in the United States—a gap too wide for sustainable economic progress.The report revealed that despite an average annual productivity growth of 3.2% from 1991 to 2019, most workers remain in low-productivity sectors like informal urban services and household agriculture. While the […]

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Former German President Backs Ghana’s 24-Hour Economy Initiative.

Former German President Christian Wilhelm Walter Wulff has lauded Ghana’s proposal to establish a 24-hour economy, describing it as a transformative idea for economic growth. Speaking during his visit to AmaliTech, a German IT firm operating in Ghana and Rwanda, he highlighted how this initiative could strengthen global business partnerships.AmaliTech, which has been training and employing Ghanaian youth in digital fields like software development and data science, exemplifies the country's potential to bridge Europe’s digital talent shortage. Wulff expressed admiration for Ghana’s educated workforce and its ability to support German businesses, calling it a "win-win" for both countries.The Director of Operations at AmaliTech, Mathew Opoku-Darkwa, underscored the need for reliable infrastructure to fully implement the 24-hour economy and capitalize on the global demand for digital talent.

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President Mahama Pledges Stable Power Supply and Economic Growth.

President John Dramani Mahama has assured Ghanaians of his administration’s dedication to maintaining a stable power supply, vowing to prevent the recurrence of “dumsor” (intermittent power outages). Speaking at the Annual National Convention of the Ahmadiyya Muslim Mission in Pomadze, he explained that power supply challenges stem from delays in procuring alternative fuels for thermal plants during scheduled maintenance of the West Africa Gas Pipeline. Mahama pledged timely procurement to avert outages.The President also reaffirmed his commitment to tackling economic challenges, expanding the tax net, and implementing policies like a 24-hour economy. He reiterated support for the free Senior High School (SHS) program, promising to address overcrowding issues. Additionally, Mahama outlined his plans to investigate misappropriated resources and pledged to revive the Pomadze poultry farms.The event, themed “Justice and Peace - The Essential Ingredients for National Development,” brought together over […]

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