Fifi Fiavi Kwetey, General Secretary of the National Democratic Congress (NDC), has emphasized that the government’s flagship 24-Hour Economy initiative is a long-term structural program that requires meticulous planning and cannot be implemented immediately.
In an interview with TV3, Fifi Kwetey stated that, while the policy was a crucial campaign promise, concrete actions toward its implementation are already underway, including legislative processes and stakeholder discussions that will drive the plan.
He asserts that the policy’s primary secretariat, led by cabinet member Goosie Tanoh, has already finished significant preparation work and sent cabinet-approved ideas for legislative review.
“The process has been on. Goosie Tanoh, who is in charge of that [the 24-Hour Economy Secretariat], who is a member of cabinet, has presented what you call the step that needs to be taken. And at the moment, as you know, the bill is in parliament. It came through cabinet. It is now in Parliament. Parliament will look at it. Then after that, the implementation can begin.
“Other things that need to be put in place regarding especially tax exemptions. That’s very important because all the people who need to come along need to have guarantees, especially about taxes.
“So, it is not something that you can simply just do overnight. You need to make sure the foundations are in place in order to be able to bring all the people who need to come on board and do it properly.”
Mr. Kwetey emphasized that the policy’s success will rely on economic incentives, especially tax-related guarantees that would promote private sector engagement, in addition to the legislative process before the Ghanaian Parliament.
He pointed out that in order to make sure the strategy produces actual economic growth rather than just being an administrative order, talks with organizations and companies are still going on.
Source: Mybrytfmonline.com
