A violent clash between two rival groups of small-scale miners at the Akrokerri Police Station in Adansi North has left two people injured.

The confrontation erupted over a leadership dispute concerning small-scale mining operations in the area.

Speaking to Adom News, Nana Osei Yaw, a mining site owner, accused Christian Twumasi, popularly known as Akwala, of mismanaging small-scale mining regulations.

He claimed that Akwala’s leadership had been marred by extortion and conflict, and that following the change in government, he and others no longer recognised his authority.

According to Nana Yaw, the disagreement led Akwala to mobilise his men to attack him and his group, despite their attempt to seek refuge at the police station.

However, Akwala refuted these claims, insisting that he and his team were at their mining site when Nana Yaw’s group, led by an individual named Kapaala, stormed the area.

He alleged that Kapaala’s men threatened to shoot their driver if he attempted to leave with some of their equipment, sparking a heated argument that escalated into violence outside the police station.

The police have since restored order and launched an investigation into the incident.

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Multiple award-winning Afrocentric Ghanaian artist Joseph Matthew has released a new reggae track titled “Love In You,” which is quickly generating buzz as a potential hit.

Known for his ability to blend various musical styles, particularly Afro-gospel and contemporary sounds, Matthew’s latest song showcases his versatility by exploring a high-tempo reggae rhythm.

Produced by the acclaimed Francis Osei, “Love In You” is a love song in which Matthew expresses his affection for a woman.

The track is accompanied by a compelling live music video. This release adds to his growing discography, which includes popular tracks like “Hallelujah,” “Nyame Ye,” and “Fear No Evil.”

Since his debut in 2019, Joseph Matthew has been steadily gaining recognition, notably winning the Highlife Song of the Year award for his hit song “Promise Land” at the 2024 Ghana Music Awards UK.

This award highlights his unique fusion of Afrobeat, reggae, and gospel music, solidifying his position as a rising talent in the Ghanaian music scene.

Watch the video below:

By Nana Okogyedom ADOOFI (Dr)

 The concept of a 24-hour economy has gained significant global attention as nations seek innovative ways to enhance productivity, maximize resource utilization, and create more employment opportunities.

Traditionally, economic activities have been structured around daytime operations, with most businesses and services ceasing operations in the evening.

However, technological advancements, globalization, and urbanization have necessitated a shift towards continuous economic activity, especially in major cities worldwide (Graham & Marvin, 2001).

Countries like the United States, China, and the United Kingdom have successfully implemented 24-hour economic models, significantly boosting their GDP, trade, and employment rates (World Bank, 2022).

In Africa, the concept is gradually gaining traction, particularly in metropolitan areas with expanding middle-class populations and growing digital economies. Cities such as Lagos, Nairobi, and Johannesburg have experimented with extended business hours in retail, transportation, and financial services, leading to notable economic benefits (UN-Habitat, 2021).

Ghana, as a rapidly developing nation with an increasing urban workforce, stands to gain immensely from transitioning into a 24-hour economy. The country’s major commercial hubs, such as Accra, Kumasi, and Takoradi, already exhibit elements of round-the-clock economic activity, particularly in informal trade, hospitality, and essential services.

Despite these prospects, Ghana faces several structural and policy challenges that could hinder the full-scale adoption of a 24-hour economy. Key concerns include energy supply instability, security risks, labour law limitations, and inadequate infrastructure to support night-time economic activities.

The successful implementation of this model requires coordinated efforts from the government, private sector, and labour unions to establish a framework that balances economic growth with workforce welfare and national security. Understanding the dynamics of a 24-hour economy and its implications for Ghana is essential in shaping policies that will drive sustainable economic transformation.

A 24-hour economy is an economic system where business operations, services, and productive activities continue around the clock, unhindered by traditional time constraints. This economic model is widely implemented in developed nations such as the United States, the United Kingdom, and China, where sectors such as retail, transport, healthcare, and finance operate continuously to boost economic activity and efficiency (Graham & Marvin, 2001). Given Ghana’s growing urban population and increasing digital connectivity, transitioning to a 24-hour economy presents significant opportunities and challenges.

The purpose of this article therefore is to critically examine the concept of a 24-hour economy and its potential implications for Ghana. As economies worldwide evolve to accommodate continuous business operations, Ghana stands at a pivotal point where embracing a 24-hour economic model could drive employment creation, economic expansion, and service efficiency.

The article aims to explore the benefits, challenges, and strategic considerations necessary for implementing a sustainable round-the-clock economy in Ghana. By providing insights from global case studies, policy recommendations, and empirical data, this article seeks to inform policymakers, business leaders, and stakeholders about the opportunities and necessary frameworks required to transition into a 24-hour economic structure successfully.

UNDERSTANDING THE 24-HOUR ECONOMY

The 24-hour economy model thrives on the principle of extended operational hours beyond the conventional 8:00 AM – 5:00 PM business schedule. This system fosters enhanced productivity, job creation, and economic diversification. According to Florida (2005), cities that adopt a 24-hour economic framework experience accelerated growth, increased foreign direct investment (FDI), and expanded employment opportunities. In Ghana, where the informal sector dominates the economy, a 24-hour economic model could stimulate trade, industrial productivity, and service delivery.

POTENTIAL BENEFITS FOR GHANA

Increased Employment Opportunities: A shift to a 24-hour economy could significantly reduce Ghana’s unemployment rate, which stood at 13.4% in 2023 (Ghana Statistical Service, 2023). By extending business hours, new employment avenues would emerge, particularly in retail, hospitality, and logistics sectors, ensuring economic inclusion for the youth and night-shift workers.

Economic Growth and Revenue Expansion: Countries with fully operational 24-hour economies, such as China, have recorded GDP growth rates exceeding 5% annually, largely due to increased business operations (World Bank, 2022). For Ghana, extended business hours would contribute to tax revenue generation, industrial expansion, and enhanced Gross Domestic Product (GDP).

Boost to the Tourism and Hospitality Sector: The tourism and entertainment industry could see significant growth if businesses operate round the clock. Research by UNWTO (2022) indicates that nightlife economies in cities such as Bangkok and Dubai contribute between 10% and 15% to their national GDP. Ghana’s tourism sector, which contributes 6.2% to the GDP (Ministry of Tourism, Arts and Culture, 2023), could benefit from increased visitor spending.

Improved Public Service Delivery: Critical services such as healthcare, banking, and transport would become more accessible under a 24-hour system. Emergency services, hospitals, and digital banking platforms would be better positioned to cater to citizens’ needs efficiently, enhancing national productivity

POSSIBLE CHALLENGES AND CONSIDERATIONS

Energy Supply and Sustainability: One of the primary challenges of implementing a 24-hour economy in Ghana is ensuring a reliable power supply. Ghana’s electricity deficit and periodic power outages (popularly known as dumsor) could hinder economic activities at night. Studies by the Energy Commission of Ghana (2023) indicate that Ghana requires an additional 1,000 MW of energy capacity to sustain large-scale 24-hour operations.

Security and Law Enforcement: Night-time economic activities demand an increase in law enforcement presence to combat crime and ensure business safety. According to the Ghana Police Service (2023), crime rates are often higher at night, posing a security challenge for businesses. Effective policing strategies and smart surveillance systems would be necessary for Ghana’s transition to a 24-hour economy.

Labour and Workforce Adaptation: Extending business hours requires regulatory adjustments in labour laws, particularly concerning night-shift wages, employee welfare, and work-life balance. Labour unions and policymakers must collaborate to create frameworks that ensure fair treatment and adequate compensation for night workers.

Availability of Market for Demand and Supply: A major concern for sustaining a 24-hour economy is ensuring that there is consistent market demand to support round-the-clock business operations. Without sufficient consumer demand, businesses may struggle to justify extended operational hours, leading to potential financial losses. The government and private sector must work to stimulate demand through policies that encourage late-hour shopping, transportation, and service delivery

THE WAY FORWARD: POLICY RECOMMENDATIONS

To successfully implement a 24-hour economy in Ghana, a multi-sectoral approach is necessary. The government, private sector, and civil society must collaborate to develop a strategic framework for its execution.

Energy Infrastructure Development: The government should invest in renewable energy solutions such as solar and wind power to complement the national grid. Public-private partnerships (PPPs) in the energy sector could provide sustainable power solutions for 24-hour businesses.

Security Enhancements: Strengthening night-time policing, implementing street lighting projects, and leveraging digital surveillance technology will be crucial to ensuring business safety. Lessons can be drawn from the United Kingdom’s Purple Flag initiative, which promotes safe and vibrant night-time economies.

Labour Law Reforms: Ghana’s Labour Act (2003) must be reviewed to accommodate flexible work shifts, ensure fair wages for night workers, and provide health benefits for employees engaged in round-the-clock operations.

Digital Economy Integration: Expanding digital payment systems, e-commerce platforms, and remote work options will facilitate seamless 24-hour business transactions. Mobile money and fintech innovations can bridge the financial accessibility gap, ensuring continuous trade activities.

CONCLUSION

The transition to a 24-hour economy presents immense opportunities for Ghana’s economic growth, employment expansion, and service efficiency. However, achieving this transformation requires comprehensive infrastructure investment, policy innovation, and workforce adaptation.

By addressing energy, security, market, and regulatory challenges, Ghana can position itself as a competitive hub for continuous economic activity in Africa. As Richard Florida aptly states, “The future of economic growth lies in cities that never sleep” (Florida, 2005). Ghana’s readiness for this transformation will determine its place in the evolving global economy.

REFERENCES

Acemoglu, D., & Robinson, J. A. (2012). Why nations fail: The origins of power, prosperity, and poverty. Crown Business.

Bartik, T. J. (2019). Making sense of local economic development: Economic impact and fiscal health. W.E. Upjohn Institute for Employment Research.

Energy Commission of Ghana. (2023). Annual Energy Outlook Report. Government of Ghana.

Florida, R. (2005). Cities and the creative class. Routledge.

Ghana Investment Promotion Centre (GIPC). (2023). Investment opportunities in Ghana’s emerging markets. Government of Ghana.

Ghana Police Service. (2023). Crime Statistics Report. Ghana Police Service Publications.

Ghana Statistical Service. (2023). Labour Force Survey Report. Ghana Statistical Service.

Graham, S., & Marvin, S. (2001). Splintering urbanism: Networked infrastructures, technological mobilities and the urban condition. Routledge.

McKinsey Global Institute. (2021). The future of work in Africa: The potential for digital transformation and economic growth. McKinsey & Company.

Ministry of Tourism, Arts and Culture. (2023). Tourism Sector Performance Report. Government of Ghana.

UN-Habitat. (2021). State of African Cities Report: Towards a Just and Sustainable Urban Future. United Nations Human Settlements Programme.

United Nations World Tourism Organization (UNWTO). (2022). The Impact of Night-time Economy on Global Tourism. UNWTO Publications.

World Bank. (2022). Global Economic Prospects: Growth in Emerging Markets. World Bank Group.

World Economic Forum (WEF). (2022). The global competitiveness report: Economic resilience in emerging economies. World Economic Forum.

CORPORATE DOCTOR

 Email: [email protected] | Tel: 0245 082 660

The writer is a distinguished Ghanaian traditional scholar with over three decades of professional experience with a diverse portfolio in Academic, Regional Integration, Public Policy, Sustainable Entrepreneurship Development, Human Resource Management, Organizational Development, Leadership, Governance, Democracy, Culture and Tradition. Dr. Adoofi serves as the Manwerehen of the Abeadze Traditional State in the Central Region of Ghana, blending his cultural heritage with entrepreneurial and visionary leadership.

Gideon Boako believes T-bills decline is not rightly aligned

The Member of Parliament for Tano North Constituency, Gideon Boako, has raised concerns over the recent decline in Treasury bill (T-bill) rates, arguing that while it is commendable, it does not align with the country’s economic fundamentals.

He made these remarks in Parliament on Tuesday, March 4, while contributing to President Mahama’s State of the Nation Address (SONA).

Dr Boako pointed out that key economic indicators such as inflation and the Monetary Policy Rate (MPR) suggest that the current decline in T-bill rates is out of place or a dislodgement of the Bank of Ghana monetary policy rate (MPR).

He explained that the prevailing inflation rate stands at 23.5%, the MPR is at 27%, and the 91-day T-bill is at 19.76%, making the drop in rates an anomaly.

“First, the decline is not consistent with the economic fundamentals – inflation at 23.5% and MPR at 27% and 91-day T-bill at 19.76%,” he stated.

He further explained that this situation results in negative real returns for commercial banks that invest in these bills, making it an unattractive option for financial institutions.

According to Dr. Boako, there is excess liquidity in the economy that ought to be mopped up but the government must open up the long end of the bond market to allow for more options for investors rather than what appears to be a restriction and ‘false’ direction of all investments to the short end market, that is the Treasury Bill market.

Dr. Boako argues that since current investments in the T-bill market offer a negative real return, if this persists without any alternative options, investors may likely move to other unwarranted markets like the foreign exchange markets which could further depreciate the cedi.

Dr Boako, therefore, urged the government to adopt a more coherent approach to monetary policy to ensure that interest rates reflect economic realities.

He stressed the need for policies that will not only stabilise the financial market but also attract sustainable investment in the economy.

Shift expenditure from less impactful projects to more efficient ones – Agric minister

After touring the Kwame Nkrumah Memorial Park and Mausoleum, patrons have the opportunity to visit the Freedom Wall.

The Freedom Wall showcases portraits of Ghana’s first president, Osagyefo Dr. Kwame Nkrumah, capturing his emotions at various moments.

Ranging from happiness to sadness, these moments are framed and displayed on a wall for both Ghanaians and non-Ghanaians to admire and take photographs with whenever they visit the Kwame Nkrumah Memorial Park and Mausoleum.

Providing more insight into the idea behind the Freedom Wall, Edward Quao, the Director of the Park, explained on GhanaWeb TV’s People and Places, hosted by Ernestina Serwaa Asante, that, “This is Dr. Nkrumah depicted in different moods or facial expressions. It simply reflects that he was our president, our first prime minister, a pan-Africanist, a visionary leader—but the underlying factor is that he was a human being.

“So, it tells you that there were times Nkrumah was excited, happy about certain things; there were times he was not too happy; and there were times he was quite upset about something.”

On the other side of the wall is one of Nkrumah’s famous quotes: “I am not African because I was born in Africa, but because Africa was born in me.”

Patrons never leave the premises without capturing incredible photos by this quote, as it symbolizes their shared pan-Africanism.

Meanwhile, watch this Ghana Month special edition of People and Places as we hear the story of how the head of Kwame Nkrumah’s bronze statue was returned after 43 years, below:

SA/AE

PUMA and Osei have tapped Ghanaian painter Daniel Alum Jasper, who has created a custom print for the Ghanaian Home jersey design. Paying homage to Africa’s Gold Coast, the design is a graphic expression of traditional Ghanaian symbols known as Adinkra, which represent values like understanding, cooperation, and resilience. The jersey’s one-of-a-kind design also nods toward the African nation’s diverse tribes: Ewe, Hausa, Asante, Fante, Dagbani, and Ga. An easter egg within the jersey’s design is revealed with perspiration, as the colors of the kit begin to change, making the Adinkra symbols more pronounced as each football match progresses. 

CEO of Independent Power Generators Ghana, Elikplim Kwabla Apetorgbor

The Independent Power Generators Ghana has opposed the privatisation of the Electricity Company of Ghana’s (ECG) debt collection and billing services, labeling such moves as wasteful and counter-productive.

As part of President John Dramani Mahama’s first State of the Nation Address, he stated that ECG has accumulated a debt of GH¢68 billion, raising concerns about its financial health and ability to provide reliable electricity services.

Speaking on Channel One TV’s The Point of View, the Chief Executive Officer, Dr. Elikplim Kwabla Apetorgbor, advocated a nationwide implementation of prepaid meters to enhance ECG revenue mobilization efforts.

He added that ECG should focus on technological investments to address its recurring challenges in real time.

“What we’re saying is that the tariffs should be cost-effective and should enable ECG to recover its most competitive or efficiency cost. We’re not saying that we should support ECG’s inefficiencies; justifiable costs should be recovered through the tariffs. We even proposed that stringent cost measures should be implemented in ECG’s administrative or operational activities. We looked at the issue of technology, we’re way behind technology in the power sector.

“There’s nowhere in the world of people going after customers to come and pay bills, implement pre-paid meters. Automatically, everybody pay for the services. Why waste resources to bring in companies to be going after customers for debt collection? It’s a waste of resources,” he said.

He added that “We talked about technologies that could help ECG monitor the voltage fluctuation in real time.”

SP/AE

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By Isaac Arkoh 

Cape Coast, Mar 06, GNA – The Ghana Anti-Corruption Coalition (GACC) has held training for Local Accountability Networks (LANets) officials in the Agona West,  Mfantseman Municipalities and Cape Coast Metropolis in the Central Region.  

The training held separately in each district was aimed at strengthening participants capacity to monitor the implementation of audit recommendations.   

Monitoring audit report recommendations by LANets is vital for ensuring financial recovery, promoting transparency, combating corruption and improving local governance.  

LANets have successfully recovered misused public funds, fostered accountability in public institutions, and strengthened local governance by addressing financial infractions and implementing audit recommendations.  

These efforts enhance trust in governance, prevent malfeasance, and empower citizens to hold leaders accountable. 

The training, conducted under the “Building Evidence for Increased Accountability in Ghana” project was supported by the Hewlett Foundation, dedicated to promoting the well-being of humanity by addressing global challenges through grant making and strategic initiatives.  

The LANet members were equipped with skills to analyse infractions from the 2023 Auditor-General’s Report.  

They also focused on reports regarding the management and utilization of District Assemblies Common Funds, other statutory funds, as well as accounts of district assemblies for the financial year.   

Miss Dorcas Affumwaa Tinkorang, Assistant Programmes Officer at GACC, told the Ghana News Agency on the side lines of the event in Cape Coast, that the training underscored GACC’s commitment to promoting accountability at the grassroots level and ensuring effective governance through evidence-based monitoring. 

She urged Ghanaians not to wait until general elections before demanding accountability from those in authority, but must continuously ask questions, participate and do constant follow-ups on issues bothering on development. 

That, she said, was a civic responsibility for the citizens to know the plans of their areas and how those plans were being executed. 

GNA