Dr. Amin Adam Criticizes Ghana’s 24-Hour Economy Policy as Deceptive Without Adequate Funding

Former Finance Minister Dr. Mohammed Amin Adam has raised concerns about the Mahama government’s proposed 24-hour economy policy, suggesting that its practicality is questionable without sufficient funding and a clear implementation plan. Although the policy is aimed at boosting job creation and enhancing productivity across all sectors, Dr. Amin Adam believes that the 2025 Budget fails to provide any concrete steps to bring it to fruition.

Dr. Amin Adam emphasized that while the 2025 Budget makes multiple references to the 24-hour economy, there is no specific program outlined for its execution. He argued that the lack of a clear strategy or allocation of funds undermines the policy’s feasibility. His comments came during an interview on The Point of View with Bernard Avle on Channel One TV on March 17, where he expressed doubt about the government’s commitment to funding the initiative.

Furthermore, Dr. Amin Adam questioned Finance Minister Dr. Ato Forson’s statement that the policy would be launched later in 2025. He pointed out that without budgetary support, the policy would be meaningless, suggesting that launching the initiative without funds would delay any real progress until 2026 at the earliest. He called this approach deceptive, particularly in terms of the promised job creation.

The former finance minister’s remarks add to the ongoing debate surrounding the 24-hour economy policy and its potential impact on Ghana’s economic growth. Critics like Dr. Amin Adam continue to argue that without a detailed and funded plan, the policy remains nothing more than an unfulfilled promise.

source: citi newsroom