With the signing of the 24-Hour Economy Authority Bill, 2025, into law, President John Dramani Mahama has officially given legal support to one of his administration’s main economic development initiatives.
Prior to the 13th Cabinet meeting at Jubilee House in Accra on Thursday, February 19, 2026, the measure was signed.
The measure represents a long-awaited milestone in the government’s larger economic reform strategy, the President said in his announcement.
Colleagues in the Cabinet, I have signed the 24-hour Authority Bill to show my support for it. After signing the bill, he declared, “This Bill was one of our flagship strategies for economic transformation, which Ghanaians have been waiting for.”
President Mahama clarified that in order to guarantee that the policy framework was both legally sound and implementable, the assent procedure needed to be closely examined.
He pointed out that due diligence meant to give the initiative full legal impact was the reason for the delay in finalizing the legislation.
“We now need to transition from strategy to execution. The business community, Ghanaian investors, and international investors are all waiting,” the president continued.
He claims that investors are eager to see the precise policy tools and incentives that will support the 24-hour economy model.
“It is my pleasure to assent to this Bill today because 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.”
A 24-Hour Economy Authority is established by the recently passed legislation as the primary coordinating organization in charge of carrying out the program. It is anticipated that the Authority will coordinate the efforts of the public and commercial sectors, resolve regulatory obstacles, and assist with the infrastructure needed to maintain 24/7 economic activity.
The goal of the 24-hour economy strategy is to boost industrial output, encourage enterprises to work numerous shifts, attract investment, and create more job possibilities, especially for young people.
Now that the legal framework is in place, focus will likely turn to operational specifics, such as incentive plans, sectoral priorities, and institutional coordination systems, in order to convert the policy into quantifiable financial results.