Flagbearer for the National Democratic Congress (NDC) John Mahama has unveiled a support package aimed at stimulating Ghana's 24-hour economy.
The plan, designed to energize businesses that operate around the clock, includes a series of strategic initiatives to drive demand for goods and services in this sector if NDC is elected.
He said this at the NDC's manifesto launch in Winneba on Saturday.
Mr Mahama highlighted that the package would be underpinned by significant investments in infrastructure, security, and energy, all crucial to supporting a thriving 24-hour economy.
These investments, he noted, would include enhancements to both public and private security architecture, ensuring a safe environment for businesses and consumers alike.
Central to the package is a proposal for a "Time-of-Use" tariff system, which aims to provide cheaper and more reliable electricity for businesses operating during off-peak hours. This system, Mahama explained, would reduce operational costs and encourage more businesses to extend their hours.
Additionally, the NDC flagbearer promised tax incentives designed to alleviate financial pressures on businesses and support their growth. For sectors like agro-processing and manufacturing, Mahama pledged further backing through the Ghana Exim Bank, which would offer financial assistance to boost exports and strengthen the country’s industrial base.
Small and medium-sized enterprises (SMEs) operating below capacity were also a focus of Mahama's speech. He assured that under an NDC government, these businesses would receive catalytic investments aimed at helping them expand, create jobs, and contribute more significantly to the national economy.
Latest Stories
-
‘We’re losing to Kenya and Ivory Coast because of bad tax policy’ – Acting Chamber of Mines boss
2 hours -
Police arrest suspect in gruesome murder of University of Education lecturer in Winneba
2 hours -
Joy News gets results: Nhyiaeso MP constructs a 33-unit classroom block for State Experimental School in Kumasi
3 hours -
‘New taxes could collapse mining sector’ – Chamber of Mines warns
3 hours -
Ghana’s public debt rises to GH¢769.4bn in March 2025
3 hours -
Cedi gains 24.1% to dollar in May 2025 – BoG
3 hours -
Court issues bench warrant for businessman over GH¢149,000
3 hours -
Court sentences car thief to 5 years imprisonment
4 hours -
JHS dropout who returned lost wallet, receives GH₵6K to return to school
4 hours -
Full Text: Isaac Adongo’s statement on economic stability under Mahama’s reset agenda
4 hours -
Suspect remanded following alleged machete assault on carpenter
4 hours -
Adongo credits Ghana’s economic stability to Mahama’s leadership, dismisses NPP claims
4 hours -
Cedi appreciation must lead to a reduction in electricity tariffs – Paul Twum Barimah tells Mahama
4 hours -
How a joke about rice cost a Japan cabinet minister his job
4 hours -
You stopped at nothing, and your presence was healing – Prof. Opoku-Agyemang thanks Ibrahim Mahama
4 hours