Prof Isaac Boadi is the Dean of Faculty of Accounting and Finance at UPSA
The Dean of the Faculty of Accounting and Finance at the University of Professional Studies, Accra, Prof Isaac Boadi, has shared his views on the viability or otherwise of the government’s 24-Hour Economy policy.
According to him, the policy can significantly boost Ghana’s productivity and attract investment but only if it is effectively implemented.
During an interview on JoyNews’ AM Show on February 20, 2026, Prof Boadi described President John Dramani Mahama’s signing of the 24-Hour Economy Authority Bill as “symbolically powerful.
“The signing yesterday had an investor signalling. Beyond our borders, those investors who heard this yesterday will be preparing by now on what is going to happen in this country,” he said, stressing that it sends a strong message to investors beyond Ghana’s borders.
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He explained that the policy targets key sectors including manufacturing, agribusiness, agro-processing, health, retail, transportation and hospitality — areas where continuous operations and time efficiency are crucial.
According to him, Ghana is currently operating below its full productive capacity, with many institutions closing early, and a 24-hour model could help expand output and create jobs.
He, however, cautioned that passing a law alone will not guarantee economic transformation.
“Economic transformation is not produced by legislation alone. It’s produced by incentives, infrastructure and institutions,” he stressed, warning that without proper planning and execution, the initiative could fail.
Prof Boadi also raised concerns about funding, noting that the government has projected a $4 billion requirement over the next five years.
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“You want to do a programme… do you have the money now?” he asked, emphasising that financial readiness is key to achieving real results.
He further observed that the concept appears to have shifted from being government driven to one that leans more on private sector participation, which he said could create uncertainty.
He also questioned claims that some public institutions are already operating under the policy.
“When you go to DVLA or the Passport Office, and they say they are operating a 24-Hour Economy, under which law?” he asked.
Prof Boadi added that he would support the initiative if it delivers results.
“I would be happy any day this materialises,” he said.
He further urged the government to move beyond slogans and focus on proper execution, adding that “Good economics begins where slogans end.”
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