By: Ashiadey Dotse
Private legal practitioner, Lawyer Martin Kpebu has praised the incentives under the 24-hour economy initiative, describing them as “classic” and a major step towards economic transformation.
Speaking in an interview on TV3’s Keypoint show, Mr. Kpebu said the 24-hour economy was one of the most exciting policies introduced ahead of the 2024 elections and remains a program that cannot be easily dismissed.
“Even if some people try to run it down, you can never completely dismiss the 24-hour economy. It brings excitement and emotion. Now that government has added more flesh to it, the policy looks even better,” he said.
He particularly highlighted the incentives being introduced under the policy, including lower electricity tariffs for night workers from 10pm to 6am, and the removal of import duties on renewable energy infrastructure.
“Removing import duties on renewable infrastructure is a master stroke, Countries like the UK are doing rooftop solar revolutions. Ghana must not be left behind. The world is changing, and we must move gradually from fossil fuels to renewables.” he said.
Mr. Kpebu also commended the exemption of import duties on raw materials, industrial logistics, and manufacturing equipment. According to him, this will make it easier for existing companies—who usually create more jobs—to expand their operations and employ more Ghanaians.
“The move to scrap import duties on manufacturing equipment is a big push for industry. It will encourage production and help grow the economy,” he added.
He called on government to give regular updates possibly every six months on the progress of the 24-hour economy initiative. This, he said, will allow citizens to assess how the program is working and provide feedback for improvements.
Mr. Kpebu also linked the policy to Ghana’s Constitution, specifically the Directive Principles of State Policy under Article 36, which call on the state to ensure economic development, welfare, and employment for citizens.
“This is not just a political idea. It is in the Constitution. Government is acting in line with the law to grow the economy, create jobs, and improve lives,” he explained.
He acknowledged that criticisms of the policy are valid and important, saying they help make the program stronger.
“There is always value in noise. Criticisms make us think harder and improve. We must embrace the critics—they are part of the process,” he concluded.
Mr. Kpebu urged all Ghanaians to support the initiative and contribute to making it successful.
