{"id":116195,"date":"2026-02-20T15:04:05","date_gmt":"2026-02-20T15:04:05","guid":{"rendered":"https:\/\/sotnews.agency\/?p=116195"},"modified":"2026-02-20T15:04:05","modified_gmt":"2026-02-20T15:04:05","slug":"24-hour-economy-a-major-boost-for-private-sector-guta-president","status":"publish","type":"post","link":"https:\/\/sotnews.agency\/?p=116195","title":{"rendered":"24-Hour Economy, a major boost for private sector\u2014GUTA President"},"content":{"rendered":"
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\n \t<\/i> Read Time:<\/span>2 Minute, 28 Second <\/div>\n\n <\/div>
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President of the Ghana Union of Traders\u2019 Associations (GUTA), Clement Boateng, has welcomed the signing into law of the 24-Hour Economy bill, describing it as a major boost for the private sector and the wider business community.<\/p>\n

Speaking on Joy News Today<\/strong> on Friday, February 20, Mr Boateng said the legislation fulfills a key campaign pledge by the National Democratic Congress (NDC) government and signals a new phase in the country\u2019s economic transformation drive.<\/p>\n

\u201cI think that we are all aware that this is a major flagship programme announced by the NDC government in their manifesto, and so when they assumed power, everybody was expecting that a major policy of this nature would be implemented as soon as possible,\u201d he stated.<\/p>\n

Mr Boateng noted, however, that the policy required careful preparation before it could be rolled out.<\/p>\n

\u201cBut we should also not forget that for a policy of this nature, there is a lot of work that needs to be done; we have to talk about it, even the framework aspect of it, and then the legal implications,\u201d he said.<\/p>\n

According to him, the government took time to address the structural and legal considerations necessary for the smooth implementation of the initiative.<\/p>\n

\u201cI think they were doing all these things, and by God\u2019s grace, they have finished, and then the president has also assented to it, so it has paved a way for its implementation,\u201d he added.<\/p>\n

Mr Boateng described the President\u2019s assent to the bill as a positive development for businesses across the country.<\/p>\n

\u201cI think it\u2019s good news for the private sector as well as the business community in general,\u201d he said.<\/p>\n

He expressed optimism that the policy would drive industrialisation and help reposition the economy for sustained growth.<\/p>\n

\u201cWe think by paving a way for its implementation, it is then going to push the economic transformation and the industrialisation that we all desire as a country,\u201d he noted.<\/p>\n

The GUTA president further argued that the introduction of a multi-shift system under the 24-Hour Economy framework would generate sustainable employment opportunities.<\/p>\n

\u201cIt will also create sustainable employment by introducing the multi-shift system, which is the three-shift system that we all aspire to achieve. It will also enhance productivity and promote economic growth,\u201d he explained.<\/p>\n

Mr Boateng added that increased industrial activity would ultimately boost government revenue through job creation and taxation.<\/p>\n

\u201cAnd then when we are able to set up factories as a way of industrialisation it will also enable the government to get more revenue by way of the jobs that it will create and also let the government get its revenue by way of taxes,\u201d he said.<\/p>\n

He urged stakeholders, including businesses and policymakers, to support the successful implementation of the policy.<\/p>\n

\u201cI think by and large it is good news, and then we all have to help to make sure this 24-Hour Economy is achievable,\u201d Mr Boateng said.<\/p>\n<\/div>\n

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The President of the Ghana Union of Traders\u2019 Associations (GUTA), Clement Boateng, has welcomed the signing into law of the 24-Hour Economy bill, describing it as a major boost for the private sector and the wider business community.<\/div>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_2277560469115098_106292521332774":"","twitter_aToxNzczMzI3Njk4OTg4ODUxMjAxOw==_1773327698988851200":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[499,16624,17256,1883,10,9,980],"tags":[],"class_list":["post-116195","post","type-post","status-publish","format-standard","hentry","category-24-hour-economy","category-boost","category-guta-president","category-national","category-politics","category-popular","category-private-sector"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/116195","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=116195"}],"version-history":[{"count":0,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/116195\/revisions"}],"wp:attachment":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=116195"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=116195"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=116195"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}