Former Minister of Finance, Seth Terkper
Former Minister of Finance, Seth Terkper, has emphasised the need for an efficient transportation system to ensure the success of the new government’s proposed 24-hour economy.
He also stressed the importance of completing ongoing railway projects and integrating them with water transport to facilitate the movement of goods across the country and beyond.
In a video shared on X by JoyNews on March 12, 2025, Terkper stated, “One efficient way to ensure that a 24-hour economy works is by completing the railway projects and transporting goods efficiently.
“The goods can then move via the water lake to terminal points in the north. Perhaps an extension of the railway line could also transport goods to Burkina Faso and beyond. This would provide a more cost-effective means of moving containers and other cargo, rather than relying solely on road transport.”
His statement follows the introduction of the 24-hour economy policy proposed by the current government to strengthen the economy.
The 24-hour economy is a policy initiative by the Mahama administration aimed at encouraging and supporting certain businesses and companies to operate around the clock, preferably in a three-shift system of eight hours each.
This policy also seeks to create an enabling environment that promotes productivity, competitiveness, and well-paying jobs.
According to the government, the initiative will be implemented through efforts to modernise and mechanise agriculture, provide incentives for private sector growth, promote agro-processing and manufacturing, and transform Ghana into an import-substitution and export-led economy, among other strategies.
Ultimately, the policy aims to stabilise the local currency, reduce inflation and interest rates, create more employment opportunities, and improve livelihoods.
Watch video below:
Seth Terkper emphasizes the critical role of completing the railway project in driving the success of Ghana’s proposed 24-hour economy.#JoyNews #2025Budget pic.twitter.com/B8dndaQoCP
— JoyNews (@JoyNewsOnTV) March 12, 2025
RAD/MA