Our Youth Continue to Roam Without Jobs Despite 24-hour Economy- Amin Adam
Former Minister for Finance, Mohammed Amin Adam, has stated that the 24-hour Economy policy of the government has failed to deliver on its purpose of job creation.
In his estimation, the policy now has a “confusing mix of policy ideas with no clear” implementation arrangements.
“You remember the 24-hour economy the government launched was said to be a job creation policy with a “homegrown formula”. They told us 1-3-3 (One Job, Three People, Three Shifts). What happened?”
He observes that the unemployment rate remains high after months in government.
“The same youth who were told they would have shifts to work once this government comes to power continue to roam the streets without work, while farmers and traders complain of poor sales due to weak demand.”
According to him, the policy is estimated to cost US$4 billion, of which the government is expected to contribute between US$300 million and US$400 million.
He lamented that the government failed to announce in the 2026 Budget the targeted tax incentives and rebates it promised to attract investment.
“The allocation of GHS90 million to the 24H Economy (the Minister said GHS110 million), of which GHS70 million is for Goods and services and GHS20 million for CAPEX, can best be described as tokenism, given that the programme is the main development blueprint of the government. This cannot help achieve the programme objectives of creating a 1-3-3 job model.”
Story by Hajara Fuseini
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