Asantehene Calls for Energy Investment to Support 24-Hour Economy
Asantehene Urges Investors to Prioritize Energy Sector to Drive Economic Growth and Support National Development
- Reliable electricity is essential for the success of Ghana’s 24-hour economy
- Asantehene urges investors to focus on strengthening the energy sector
- Stable power supply is crucial for national development and industrial growth
The Asantehene, Otumfuo Osei Tutu II, has called on investors to bolster Ghana’s energy sector, highlighting its fundamental importance for the success of the 24-hour economy initiative.
During a meeting with officials from Dream Power Africa, a solar energy company, on May 21 at the Manhyia Palace, the Asantehene emphasized that stable electricity is crucial for the nation’s growth.
He explained, “For the 24-hour economy to thrive, energy must be accessible, especially in rural areas, and industries will rely on it to run efficiently. This will contribute significantly to the overall development of the country.”
The 24-hour economy has become a central policy promise for the National Democratic Congress (NDC) ahead of the 2024 general elections.
The initiative aims to drive continuous economic activity across key sectors like manufacturing, agriculture, healthcare, and ICT, by encouraging businesses and institutions to operate around the clock.
President John Dramani Mahama has positioned the 24-hour economy as a pivotal part of Ghana’s industrialization efforts, also addressing youth unemployment.
He has clarified that the policy will be voluntary for businesses and supported by the appropriate legal frameworks.
While the policy is still in development, Mahama has appointed Augustus “Goosie” Tanoh as Presidential Advisor on the 24-Hour Economy and Accelerated Export Development to lead its implementation.
