24-hour Economy: John Mahama Announces Juicy Packages for Businesses

24-hour Economy: John Mahama Announces Juicy Packages for Businesses

John Mahama, the flagbearer of the National Democratic Congress (NDC), has promised tax advantages and cheaper electricity tariff rates for businesses that opt to operate around the clock.

In his New Year message to Ghanaians on Wednesday, he reiterated that the policy will help revive the economy, maximise productivity, and build a dynamic and vibrant economy.

“The 24-hour economy will succeed because we shall provide improved security and public safety which will require massive recruitment into the security services and private security operations.

“My government will provide cheaper and more reliable electricity for those participating businesses based on a time of-used tariffs system.

“Companies that sign up for the 24-hour economy will benefit from modern smart meters calibrated to charge a lesser tariff per kilowatt hour for power that is consumed during off-peak hours.

“Businesses that subscribe to the 24-hour economy will receive further tax incentives to reduce the cost of the operations and enhance their competitiveness,” John Mahama said.

He emphasized that the program is revolutionary and noted that there is evidence to support the idea that major countries like the US, South Korea, and the UK have previously followed similar policies.

“Introducing the Mahama -24-hour economy is the right thing to do for Ghana especially considering the State of our country today.

“It will boost our manufacturing industry and transform our country into an export lead economy providing the world with goods made in Ghana,” he added.

SOURCE: Coverghana.com.gh