A Ghanaian economist, Dr. Sa-ad Iddrisu, currently based in the United States, has offered counsel to Vice President Mahamudu Bawumia, urging a cessation of criticisms directed at former President John Mahama’s 24-hour economy proposal
Dr. Iddrisu contends that not only is Mr. Mahama’s proposed policy conceivable, but it is also realistically achievable within the context of Ghana’s economic landscape.
24-HOUR ECONOMY AROUND THE GLOBE
UNITED STATES
In the United States, metropolises like New York and Las Vegas exemplify the success of a 24-hour economy, sustained by a robust 3-shift system spanning eight hours each. This dynamic model ensures continuous day and nightlife activities, fostering economic vibrancy and providing a template for potential implementation in Ghana.
JAPAN
Japan, particularly in cities like Tokyo, stands as another testament to the viability of a 24-hour economy. Here, a flourishing economic landscape is facilitated by accessible services such as convenience stores and public transportation operating round the clock, creating additional employment opportunities.
SOUTH KOREA
South Korea, notably in cities like Seoul, adopts a dynamic 3-shift system complemented by the continuous availability of services like transportation and convenience stores, coupled with a vibrant nightlife. This serves as a practical illustration of how a 24-hour economy can contribute to sustained economic growth.
SINGAPORE
The city-state of Singapore is renowned for its well-established 24-hour economy, ensuring that public transportation, dining, and shopping services remain accessible at all hours. This global example adds weight to the argument that such a model is not only feasible but can lead to increased economic activities and job opportunities.
UK
Even in the United Kingdom, London’s central areas sustain a thriving nightlife with select services operating continuously 24/7, showcasing the potential benefits of embracing a 24-hour economy. Internationally, Dubai in the United Arab Emirates is recognized for its 24-hour economy, characterized by activities and services available around the clock. These global perspectives offer valuable insights for Ghana’s ongoing policy discourse.
