A 24-hour economy refers to an economic system where businesses and activities operate around the clock, 24 hours a day, seven days a week. This model contrasts with traditional business hours, which typically run from morning to evening.
The concept is often associated with sectors like healthcare, transportation, manufacturing, and services that require continuous operation. It aims to maximise productivity, provide convenience for consumers, and create more flexible working hours for employees.
The call made by former President Mahama for the transformation of Ghana into a 24-hour economy is not just visionary but also timely and would address critical issues that resonate with the current socio-economic landscape. In the wake of escalating unemployment rates, Mahama’s proposition emerges as a strategic response to the pressing need for job creation and economic empowerment.
With the nation grappling with the challenge of teeming unemployment, Mahama’s vision stands as a beacon of hope. The transition to a 24-hour economy inherently demands a larger workforce to sustain continuous operations, providing a direct and effective solution to the unemployment crisis. By expanding operational hours, businesses across various sectors will require additional manpower, creating a surge in job opportunities that extends beyond the conventional eight-to-five framework.
This shift not only combats unemployment but also addresses the aspirations of individuals seeking to increase their income through extended working hours. In a 24-hour economy, the opportunity for those who wish to work longer and earn more becomes a tangible reality. This aligns with the broader goal of fostering economic inclusivity, where individuals are empowered to shape their financial destinies by actively participating in a more dynamic and continuous work environment. This, in turn, contributes to an overall enhancement of the standard of living, empowering individuals to meet their aspirations, secure a stable financial future, and actively contribute to the nation’s economic development.
In essence, this news is undeniably encouraging and should not be dismissed due to politics. It represents a forward-thinking approach that transcends traditional norms, providing a comprehensive solution to unemployment, empowering individuals to increase their income, and fostering a more resilient and dynamic economic environment.
This vision holds the potential to reshape Ghana’s economic landscape, which would boost economic growth and pave the way for a brighter, more prosperous future for both the nation and its citizens.
Dr Alexander Amo Baffour
Director: College of Foundation and Professional Studies
Let’s live harmoniously to safeguard Ghana’s peace – Peace Council on recent clashes
The National Peace Council (NPC) has called on Ghanaians to live harmoniously with each other to safeguard the country’s peace.
It has urged Ghanaians to protect “the peace and security of the country by creating and using avenues of tolerance, cooperation, and coexistence to sustain the country’s identity as an oasis of peace in Africa.”
This follows the unfortunate violent clashes in some parts of the country which have resulted in the deaths of some citizens.
Reports from Kintampo in the Bono East Region, Nkwanta in the Oti Region, and Wenchiki in the Northeast Region indicate that violence has led to the destruction of lives and property in these affected communities.
In a statement issued on Wednesday, the NPC reminded Ghanaians “of paragraphs (c), (d) and (i) of
article 41 of the 1992 constitution of the Republic of Ghana which states thus: The exercise and enjoyment of rights and freedoms is inseparable from the performance of duties and obligations, and accordingly, it shall be the duty of every citizen.”
“To foster national unity and live in harmony with others; to respect the rights, freedoms and legitimate interests of others, and generally to refrain from doing acts detrimental to the welfare of other persons. To co-operate with lawful agencies in the maintenance of law and order.”
Read the full statement from the NPC here
Defence and National Security Ministers to appear before parliament today over Kintampo clash
The Ministers of Defence and National Security are expected to appear before the Defence and Interior Committee of Parliament on Thursday, November 23, to provide a briefing on actions being taken by the government to forestall a clash between the Mo and Wangara tribes in the Kintampo North municipality.
This comes on the back of a summons by the Speaker of Parliament, Alban Bagbin.
According to the Member of Parliament for the area, Joseph Kwame Kumah, tensions were high when the Mo tribe requested to perform rituals within the months of November and December, coinciding with the annual Klubi festival of the Wangara community.
In response to calls for a ceasefire by the MP, the Speaker directed that the government must take immediate steps to ensure peaceful coexistence.
“As the first authorities to come to this house to brief the committee on Defense and Interior, this is an urgent matter that should be handled with dispatch. I think Thursday should be okay for the two ministers and their commanders to appear before the committee early tomorrow morning by 9 am to brief the committee. It is an urgent matter.”
“The National Security Council through their regional office should immediately intervene because the chieftaincy institution is one of the cornerstones of the peace and security of our country, and we hold that institution dearly. We will do everything to prevent that institution from falling into disarray,” he stated.
Watch how Quick Credit staff violently raided restaurant over ‘unpaid loan’
Some staff of a popular loan company, Quick Credit Ghana, stormed a local restaurant to recover a loan sum.
Videos available to GhanaWeb and shared on social media showed over half a dozen male workers in violent exchanges with the staff at the restaurant said to be located at Laterbiokoshie, a suburb of Accra.
According to a person videoing the encounter, the staff had forced their way into the facility, packed up the furniture and succeeded in locking up the place before leaving.
The video, shot in the evening, however, did not show any affected customers nor did it show any casualties.
The company has yet to issue an official statement on the development. GhanaWeb is also trying to reach out to the affected businesses.
Watch the video below:
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