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Financial security expert, Dr. Philip Takyi, has endorsed the 24-hour economy model as a practical strategy to increase industrial productivity and create more jobs across Ghana.
Speaking on the economic potential of round-the-clock industrial operations, Dr. Takyi said, “The 24-hour economy is a practical approach to increasing output and employment in industrial zones.” According to him, this system could provide a significant boost to Ghana’s economic resilience, especially as the country aims to recover from recent fiscal challenges.
Dr. Takyi explained that many industrial facilities in Ghana currently operate on single shifts, leaving equipment and infrastructure underutilized for long hours. “By extending operations into the night, we not only maximize the use of machinery and space but also double or even triple employment opportunities in some sectors,” he said.
The concept of a 24-hour economy has gained renewed attention in recent months as political leaders, economists, and development experts debate strategies to create sustainable employment, especially for the youth. Dr. Takyi believes that with the right incentives, power supply, and security measures, businesses in industrial enclaves like Tema, Takoradi, and Kumasi can adapt to the model.
He further noted that implementing such a system would require investment in shift-based labor management, employee welfare, and efficient transport systems to support night workers.
As Ghana prepares for the future of work and a competitive industrial landscape, voices like Dr. Takyi’s continue to shape the conversation on how policy can translate into real economic gains.
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