President John Mahama of Ghana has launched a "24-Hour Plus Programme" aimed at transforming Ghana's economy by operating various industries in three eight-hour shifts daily. The plan, announced six months into his presidency, seeks to diversify the economy, create jobs, and move away from import reliance towards self-sufficiency. Mahama stated that the program "will be the catalyst for Ghana's economic growth." The initiative will initially target agriculture, manufacturing, and essential services, with potential expansion to other sectors.

The plan's feasibility is questioned, however. Economist Daniel Anim Amarteye estimates that $4 billion is needed, posing a challenge given Ghana's existing $3 billion debt to the IMF. Amarteye notes that while the plan is theoretically sound in creating jobs and boosting GDP, the private sector may lack the financial capacity to fully participate, requiring significant government investment. DW correspondent Isaac Kaledzi also highlights infrastructure limitations, particularly electricity supply, as a potential obstacle. Concerns exist about smaller businesses potentially facing losses due to oversupply, and the balance of power between government and private sector stakeholders in the initiative's implementation. Amarteye suggests the importance of continuing and expanding the "One District One Factory" initiative.

Impact Statement: The success of President Mahama's 24-hour economy plan hinges on securing substantial funding, addressing infrastructure deficiencies, and fostering collaboration between the public and private sectors. Its impact on Ghana's unemployment and economic growth will depend on overcoming these challenges.