{"id":490433,"date":"2026-02-25T23:00:09","date_gmt":"2026-02-25T23:00:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/490433\/"},"modified":"2026-02-25T23:00:09","modified_gmt":"2026-02-25T23:00:09","slug":"24-hour-economy-not-compulsory-goosie-tanoh-explains-logic-behind-policy","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/490433\/","title":{"rendered":"24-Hour Economy not compulsory – Goosie Tanoh explains logic behind policy"},"content":{"rendered":"

\"Goosie <\/a>Goosie Tanoh is a Presidential Advisor on the 24-Hour Economy<\/p>\n

Presidential Advisor on the 24-Hour Economy, Goosie Tanoh, has clarified that the government\u2019s flagship policy is designed to stimulate voluntary private sector expansion rather than mandate continuous operations.<\/p>\n

Speaking on GTV\u2019s Talking Point on Sunday, February 22, 2026, Tanoh emphasised that the transition to a multi-shift system will be driven by ‘economic logic’ and favourable market conditions created by the state.<\/p>\n

Addressing concerns about the practical implementation of the policy, Tanoh noted that businesses are rational actors that respond to profitability, not administrative orders.<\/p>\n

\u201cIf an economy is operating at full capacity, nobody is going to tell industry to do shifts,\u201d he explained. <\/p>\n

\u201cIt is a function of capacity, the investment regime, and the incentive regime that allows companies to take that decision,\u201d he added.<\/p>\n

Tanoh broke down the policy using fundamental economic principles, stating that firms will only increase production shifts when the marginal revenue of the next unit of output exceeds the marginal cost of hiring additional labour and running utilities.<\/p>\n

FULL TEXT: Goosie Tanoh’s speech at the 24-Hour Economy policy launch<\/a><\/p>\n

\u201cCompanies operate on the marginal… You can\u2019t force anybody to do a 1-3-3 [shift system]. What you need to do is to create an incentive and the environment that allows them to do that,\u201d he explained.<\/p>\n

His comments come after President John Dramani Mahama gave his executive assent to the 24-Hour Economy Bill. <\/p>\n

Now a law, the legislation provides a formal framework to coordinate the program\u2019s rollout.<\/p>\n

The government maintains that the policy will transform Ghana\u2019s landscape by boosting industrial productivity and export capacity and generating sustainable employment through multi-shift systems.<\/p>\n

The policy is also expected to provide specific incentives for industries and service providers to extend operating hours.<\/p>\n

Tanoh emphasised that the success of the 24-Hour Economy rests on a supportive investment climate that makes it naturally attractive for the private sector to scale up.<\/p>\n

MRA\/VPO<\/p>\n

Watch the first episode of JUST TALK PODCAST: Unpacking the ‘Kayamata craze’ ruining lives<\/p><\/p>\n","protected":false},"excerpt":{"rendered":"Goosie Tanoh is a Presidential Advisor on the 24-Hour Economy Presidential Advisor on the 24-Hour Economy, Goosie Tanoh,…\n","protected":false},"author":2,"featured_media":490434,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[28,101],"class_list":["post-490433","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/490433","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=490433"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/490433\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/490434"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=490433"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=490433"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=490433"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}