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Business News of Thursday, 1 August 2024

Source: James Agyenim-Boateng, Contributor

Prof. Opoku-Agyemang urges companies to prepare for 24-hour economy

Mahama's running mate, Prof Naana Jane Opoku-Agyemang Mahama's running mate, Prof Naana Jane Opoku-Agyemang

In the quest to reverse the economic downturn that has engulfed the country, Prof. Naana Jane Opoku-Agyemang, running mate to John Dramani Mahama, has urged manufacturing companies and traders to prepare for the 24-hour economy envisioned by the NDC government.

According to her, the 24-Hour Economy policy is a key component of the agenda of the NDC to rescue and reset the country from the effects of economic mismanagement by the present government.

"While providing benefits to companies in the form of tax waivers, reduced tariff rates, and increased productivity, the job shift system will create more employment and financial dependence for workers and households," she explained.

Speaking at a durbar of chiefs at Denkyira Bibianiha in the Upper Denkyira East constituency of the Central Region at the start of her regional campaign tour, Prof. Opoku-Agyemang urged all organisations to actively take part in the incoming national 24-Hour Economy.

Her remarks on the policy were in response to concerns raised by the Chief of Denkyira Bibianiha, Nana Appiah Kubi, about the high rate of joblessness and poverty in the area, which has created a hopeless situation for the youth.

"The NDC will restore hope and rebuild the economy to meet the aspirations of Ghanaians," she said.

Prof. Opoku-Agyemang, who had interacted with traders at the market in the town, noted that it is the duty of the government to provide the needed support, including credit, to enable small-scale enterprises to grow.

In addition, she said it was the duty of the government to provide the necessary infrastructure that will facilitate the rapid development of areas such as Dunkwa and Denkyira.

She reminded the chiefs that all the major infrastructure projects, such as roads, health centers, and schools, were provided under the previous NDC governments and therefore urged them to vote massively for the NDC to continue its good works in the area.

"We have done it before, and you can trust us to do it again for you,' she said.

Nana Appiah Kubi, Chief of Denkyira Bibianiha, in his remarks earlier, assured the NDC of the support of the chiefs and people of the area "because we desire economic development."

He prayed for success for the NDC in the upcoming elections and requested that the rehabilitation of the health facilities in the area be prioritised when the NDC regains power.