The 24-hour economy and Ghana’s MSMEs: A strategic roadmap for inclusive industrial transformation

myjoyonline.com · economy

The passage of the 24-Hour Economy Authority Act, 2025, and the subsequent signing of the 24-Hour Economy Authority Bill into law in February 2026, represent a watershed moment in Ghana's structural transformation agenda. Yet, as someone who has had the stint of working with many companies under the 1D1F when I was heading the Business Resource Centre - Ada and a practitioner who has studied the dynamics of enterprise development, I contend that the success of this policy will ultimately be determined not by the elegance of its legislative framework, but by the extent to which it empowers and integrates Ghana's Micro, Small, and Medium Enterprises, the sector that accounts for approximately 85% of manufacturing employment and 70% of GDP.

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