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    Home»Business»24-Hour Economy policy will be private sector led – Haruna Iddrisu
    Business

    24-Hour Economy policy will be private sector led – Haruna Iddrisu

    ZamZam UpdateBy ZamZam UpdateJuly 3, 2025No Comments3 Mins Read
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    Training Minister, Haruna Iddrisu, says the newly launched 24-Hour Financial system coverage by President John Dramani Mahama can be led by the non-public sector, not authorities.

    Talking on PM Specific, the Tamale South MP mentioned the president made it clear that authorities would solely act as a facilitator and enabler to assist companies prepared to take up the initiative.

    “What was profound is for the President to comment publicly that 24-hour financial system can be non-public sector led, and that it’s going to not be dominated by authorities, and that authorities will solely be an enabler, a facilitator, for the non-public sector to take up the initiative within the varied sectors of the financial system,” he said.

    The remarks adopted the official unveiling of the coverage by President Mahama earlier within the day on July 2, which the previous Minority Chief described as a “uncommon alternative” and “not a nerve-breaking train in any respect” for the president.

    Based on him, President Mahama launched the 24-Hour Financial system alongside the Accelerated Export Improvement Initiative as a part of a strategic nationwide response to Ghana’s import-heavy financial system.

    “He launched the 24-hour coverage and the accelerated Export Improvement Initiative of his authorities, and shared with the Ghanaian those that this has been in his pondering and contemplation within the final 4 or extra years,” Mr Iddrisu famous.

    “He’s talked about it while being out of presidency as President of the Republic, and expedited by the circumstance of our nation that we nonetheless spend big quantities of cash on imports.”

    He cited figures shared by Mahama as an instance the problem. “About $3 billion on rice imports, $3.4 billion on cereal grains, frozen poultry on $2.6 billion and sugar taking $2.4 billion,” he mentioned, emphasising the urgency of selling native manufacturing and export.

    Haruna Iddrisu mentioned he interpreted the launch as a direct response to a nationwide want.

    “It implies that the President needs to answer a nationwide want, a necessity for us to speculate extra in – in his phrases – to have a self-reliant, dependent, meals ample, producing nation that may feed itself in a rustic that ensures meals safety.”

    He additionally highlighted the importance of the president appointing Goosie Tanoh to spearhead the initiative.

    “That’s the reason he’s gotten Goosie Tanoh, one of many sharpest and sensible minds of the NDC, to be the anchor individual to information him in implementing the 24-hour financial system.”

    Haruna Iddrisu emphasised that Mahama’s intentions transcend slogans.

    “From coverage or from slogan to motion, 24-hour plus initiative of the president,” he mentioned. “This isn’t an occasion or a race which should finish right this moment.”

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