The Secretary-General of the Ghana Federation of Labour (GFL), Abraham Koomson, has welcomed President John Dramani Mahama’s decision to assent to the 24-Hour Economy Authority Bill, describing it as a significant step toward reviving local industries and strengthening Ghana’s economy.

Mr. Koomson said the primary objective of the 24-hour economy policy is to introduce practical measures that will enable local industries to expand production, grow sustainably, and create long-term employment opportunities.

Speaking on Ahotor FM on Saturday, February 21, he noted that the establishment of a dedicated 24-Hour Economy Secretariat is a move in the right direction.

According to him, a structured and well-coordinated approach could help avert the systemic challenges that previously contributed to the collapse of several local industries.

President Mahama recently signed the 24-Hour Economy Authority Bill into law after Parliament approved the legislation on February 6, following days of debate.

The bill, which was laid before the House at the close of 2025, forms a key pillar of the government’s flagship economic agenda.

The newly enacted law establishes a 24-Hour Economy Authority as the central coordinating body responsible for the nationwide implementation of round-the-clock economic activities.

The Authority is expected to work closely with government institutions, private sector actors, and other stakeholders to ensure effective execution of the policy.

Reacting to the development, Mr. Koomson described the creation of a dedicated oversight body as particularly important, as it will provide businesses and industry players with a direct platform to raise operational concerns and seek timely solutions.

He explained that under the new framework, stakeholders would not necessarily have to channel their concerns solely through the Ministry of Trade, but could engage directly with the Secretariat to facilitate quicker resolution of challenges.

Mr. Koomson expressed optimism that, if properly implemented, the initiative would stimulate industrial growth, boost productivity, and make a meaningful contribution to Ghana’s long-term economic transformation.