President John Dramani Mahama has signed the 24-Hour Economy Authority Bill, 2025, into law, marking a key milestone in the implementation of one of his administration’s flagship economic transformation policies.
The President assented to the Bill during a brief ceremony held ahead of the 13th Cabinet meeting at the Jubilee House on Thursday, February 19, 2026.
In brief remarks following the signing, President Mahama stated: “Cabinet colleagues, I just appended my signature to give assent to the 24-hour Authority Bill. This Bill, which Ghanaians have been waiting for, was one of our flagship strategies for economic transformation.”
He explained that the process required thorough due diligence to ensure the policy received proper legal backing.
“Now we must move from strategy to implementation. The business sector is waiting, Ghanaian investors are waiting, foreign investors are waiting,” President Mahama added.
“They want to see the package of incentives that we can afford, so that they can invest more and expand productivity and also create more employment for our young people, and so it’s my pleasure to assent to this Bill today.”
The legislation, which was laid before Parliament in late 2025, was passed by the House on Friday, February 6, 2026, following extensive debates between the Majority and Minority caucuses.
The Act establishes the 24-Hour Economy Authority as the central coordinating body tasked with overseeing the nationwide rollout of the 24-Hour Economy policy and the Accelerated Export Development Programme.
According to the government, the initiative aims to tackle longstanding structural challenges in Ghana’s productive sector, reduce reliance on exporting low-value raw materials, and decrease dependence on costly imported finished and intermediate goods.
The Authority will mobilise investments, foster collaboration between the public and private sectors, and ensure the provision of essential infrastructure and regulatory frameworks to enable round-the-clock economic activities.
The 24-hour economy policy was a prominent campaign promise of the National Democratic Congress (NDC) during the 2024 general elections.
With the presidential assent now in place, attention shifts to the operationalisation phase, including the rollout of incentives to attract both local and foreign investment, boost productivity, and generate employment opportunities for the youth.
