Mahama unveils support package for 24-Hour businesses

John Mahama, the flagbearer of the National Democratic Congress (NDC), has launched a support package targeted at encouraging Ghana's 24-hour economy.

The plan, which is intended to fire up firms that operate around the clock, involves a number of strategic initiatives to increase demand for goods and services in this sector if NDC is elected.

He stated this at the NDC's manifesto rollout in Winneba on Saturday.

Mr Mahama stated that the package would be supported by considerable investments in infrastructure, security, and energy, all of which are critical to maintaining a dynamic 24-hour economy.

These investments, he noted, would include enhancements to both public and private security architecture, ensuring a safe environment for businesses and consumers alike.

Central to the package is a proposal for a "Time-of-Use" tariff system, which aims to provide cheaper and more reliable electricity for businesses operating during off-peak hours. This system, Mahama explained, would reduce operational costs and encourage more businesses to extend their hours.

Furthermore, the NDC's leader promised tax incentives to relieve financial stresses on businesses and promote their expansion.

Mahama promised more support for sectors including as agro-processing and manufacturing via the Ghana Exim Bank, which would provide financial aid to enhance exports and strengthen the country's industrial base.

Small and medium-sized enterprises (SMEs) operating below capacity were also a focus of Mahama's speech. He assured that under an NDC government, these businesses would receive catalytic investments aimed at helping them expand, create jobs, and contribute more significantly to the national economy.

Source :Lead News Online