Policy Analyst Peter Terkper is calling on government to fully hand over ownership of the newly launched 24-Hour Economy policy to the private sector, stressing that success will depend on enabling conditions rather than state control.
Speaking to ABC News GH on Wednesday, July 2, following the official launch of the National Democratic Congress (NDC)’s flagship policy, Terkper said, “Indeed, the private sector is the right partner to this policy,” referencing President John Dramani Mahama’s remarks during the launch.
Terkper stressed that sectors central to the 24-hour model—such as manufacturing and services—are largely private-led.
“You will find manufacturing mostly in the private sector. So if they are to lead, then it is in the right direction,” he said.
He urged the state to focus on providing infrastructure, incentives, and the right business climate rather than attempting to micromanage operations.
“Let the private sector own this policy,” he stated firmly, adding, “government must support by providing an enabling environment for both manufacturing and services providers.”
Terkper also called for strong accountability mechanisms to ensure transparency.
“They should set up a monitoring and evaluation chain to report on every single penny spent on this,” he advised.
According to him, while legislative backing is helpful, it is not the main determinant of success.
“The success of the 24-hour economy is beyond legislation,” he concluded, stressing the importance of strategic partnerships and efficiency.
