- Mahama proposed a gradual shift to a 24-hour economy
- Mahama plans to offer incentives such as low-interest loans and tax waivers
- Mahama committed to abolishing certain taxes imposed by the current administration
John Dramani Mahama, the National Democratic Congress (NDC) presidential candidate, has detailed a phased approach for implementing his proposed “24-hour Economy” plan if elected in December.
At the NDC Town Hall Meeting, “Conversations With Mahama,” held at Accra, Mahama explained that the transition to a 24-hour economy would be incremental.
Under the plan, some state institutions and agencies could begin operating around the clock, while private sector participation would be encouraged through voluntary adoption and incentives.
Mahama noted that government-controlled entities, such as Customs and the port authorities, could start 24-hour operations immediately.
“For state agencies, we can initiate 24-hour operations,” Mahama said. “For private businesses, however, we will need to offer incentives, such as low-interest loans and tax waivers, to motivate them to adopt the policy.”
Mahama emphasized that the shift would not happen overnight but is intended to develop progressively over a four-year period. The initiative is a key component of the NDC’s campaign to boost economic growth and job creation.
Addressing the audience on International Youth Day, Mahama also reaffirmed his commitment to abolishing certain taxes imposed by the current administration, including the 10% tax on betting income, the COVID-19 Levy, and the E-levy.
He promised to explore alternative revenue sources to offset the impact of these tax removals.
Additionally, Mahama’s proposed policies include creating job opportunities in various sectors beyond security services, combating corruption by prosecuting officials within his own party, and investing in agriculture, the creative arts, and sports to enhance Ghana’s economic and cultural development.
