President John Dramani Mahama has assented to the 24-Hour Economy Authority Bill, 2025, into law, describing it as a major step towards the implementation of the government’s economic transformation agenda.
The President signed the Bill into law at the Presidency on Thursday, February 19, 2026, in the presence of Cabinet Ministers and members of the legislative team that worked on the Bill.
Speaking after assenting to the Bill, President Mahama said the legislation was long-awaited and would enable the government to move from strategy to implementation.
“This is a bill Ghanaians have been waiting for. It was one of our flagship strategies for economic transformation. It has taken a while but we needed to go patiently through the process to give legal effect to it,” he said.
President Mahama said the signing of the Bill would pave the way for the rollout of incentive packages to attract both local and foreign investment.
“And so, from now we must move from strategy to implementation. The business sector is waiting, the Ghanaian investor is waiting, foreign investors are waiting. They want to see the package of incentives that we afford them so that they can invest more and expand productivity and also create more employment for our young people,” he added.
The 24-Hour Economy policy seeks to encourage businesses to operate in shifts around the clock to boost industrial output, enhance service delivery and reduce unemployment, particularly among the youth.
Parliament passed the 24-Hour Economy Authority Bill, 2025, on Friday, February 6, 2026, after extensive debate between the Majority and Minority caucuses.
The legislation establishes the 24-Hour Economy Authority to implement the 24-Hour Economy and Accelerated Export Development Programme, a policy aimed at addressing structural challenges in Ghana’s productive economy.
