How the 24-Hour Economy Policy Addresses Unemployment

The concept of a 24-hour economy, championed by John Mahama, presents a transformative approach to tackling unemployment in Ghana, particularly among the youth.

By shifting the traditional work paradigm to a model that operates around the clock, this initiative aims not only to maximise productivity but also to create a multitude of job opportunities that cater to the diverse skills and schedules of the younger population.

At the core of the 24-hour economy is the recognition that Ghana’s potential workforce is underutilised, often constrained by limited hours of operation across various sectors.

By encouraging businesses to extend their hours, Mahama’s vision opens the door to an array of employment options, including part-time, shift-based, and flexible positions.

This shift is especially beneficial for students and young professionals who may need to balance education with work, allowing them to earn while they learn.

Moreover, the initiative is designed to stimulate growth in key industries such as hospitality, retail, healthcare, and entertainment, which naturally lend themselves to round-the-clock operations.

As these sectors expand, they will inevitably require a larger workforce, translating into thousands of new jobs.

In addition, the 24-hour economy fosters entrepreneurship by providing a supportive environment for small businesses and startups that operate during non-traditional hours, further diversifying the job market.

Beyond merely increasing job availability, the 24-hour economy also emphasises the importance of skills development. Training programmes tailored to equip the youth with the necessary skills for these new roles will be vital.

By investing in education and vocational training, the initiative not only prepares young Ghanaians for immediate employment but also enhances their long-term career prospects.

In essence, John Mahama’s 24-hour economy is more than just a strategy for economic growth; it is a comprehensive framework for empowering the youth, reducing unemployment, and fostering a vibrant, dynamic workforce that can adapt to the demands of a modern economy.

As Ghana embraces this innovative approach, the potential for a brighter future for its young people becomes increasingly tangible.

Anthony Obeng Afrane