Alan Kwadwo Kyerematen, leader of the Alliance for Revolutionary Change, has raised concerns about former President John Dramani Mahama’s proposed 24-hour economy policy, questioning the feasibility of such an initiative without a strong entrepreneurial foundation. Speaking at the Institute of Economic Affairs (IEA) Evening Encounter in Accra on Tuesday, October 1, 2024, Kyerematen argued that the vision of a 24-hour economy would be difficult to achieve without thriving enterprises and innovative entrepreneurs to sustain economic growth.
He stressed the critical role businesses play in driving the economy, emphasizing that a conducive environment for enterprises is essential for the success of any ambitious economic plan. According to Kyerematen, the key to realizing a 24-hour economy lies in empowering entrepreneurs to generate jobs, stimulate production, and maintain service delivery around the clock.
Kyerematen outlined his economic strategy, which focuses on supporting businesses through policy reforms and fostering local entrepreneurship. He explained that a strong private sector is vital to driving national growth, suggesting that without such support, Mahama’s vision for a 24-hour economy remains unrealistic.
“What I want to build in Ghana through the Enterprise Economy is something I have done successfully in other African countries,” Kyerematen remarked. He took pride in his role in the growth of many successful companies in Ghana, adding, “I can say with pride that about 60-70% of top-tier performing companies in Ghana passed through my hands at Empretec.”
Kyerematen’s critique highlights the importance of a robust entrepreneurial ecosystem in realizing sustainable economic policies and underlines his commitment to driving business growth as the cornerstone of his economic vision.
Source: GhanaFeed.Com