The 24-Hour Economy And Its Importance To Ghana’s Economic Growth
Article By Moses Tettey Dometey (Bola Ray Jnr)
The Shift Towards the 24-Hour Economy and Its Importance to Ghana’s Economic Growth
In recent years, there has been a distinct shift towards the emergence of the 24-hour economy. This concept refers to the expansion of economic activity, particularly in sectors such as retail, logistics, finance, entertainment, transportation, and hospitality, to operate round the clock. The 24-hour economy has gained momentum due to changing social and demographic factors, advancements in technology, and evolving consumer behavior. There are several countries around the world that operate on a 24-hour shift economy. Few of these countries are United States, Japan, South Korea, Singapore, United Arab Emirates, among several others. In reducing the economic hardship faced by Ghana the new NDC government will implement a 24 hour robust shift system.
The New NDC government will allow retail stores, especially those located in busy areas or tourist hotspots, to operate 24 hours a day. This can boost economic activity, provide convenience to consumers, and create employment opportunities.
In addition, the new NDC government will encourage hotels, restaurants, and cafes to operate round-the-clock. This can attract tourists who arrive at odd hours, cater to night-shift workers, and stimulate the local economy.
Again, By expanding public transportation services to operate 24/7, the governmen
t will improve accessibility and mobility for citizens. This will benefit night-shift workers, enhance safety during late hours, and support a more dynamic economy.
The New NDC government will invest in 24-hour healthcare services, such as hospitals, clinics, and emergency services, and will ensure that people have access to medical assistance at all times. This is particularly crucial for emergencies and accidents.
The New NDC government will support the development of entertainment venues, including movie theaters, amusement parks, and gaming centers, that offer extended operating hours. This can cater to different lifestyles and promote a vibrant nightlife.
The New NDC will Encourage the growth of technology-based industries such as software development, IT support services, and call centers, can lead to the establishment of businesses that operate on a 24/7 basis. This can attract global clients in different time zones and create employment opportunities.
It is important to note that, the new NDC government will assess the feasibility and potential impact of introducing a 24-hour economy shift in each sector, considering factors such as demand, labor availability, safety measures, and community needs.
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Vote for John Dramani Mahama, 2024.
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