Dr. Palgrave Boakye-Danquah has questioned the feasibility of President John Dramani Mahama’s 24-hour economy policy, describing it as an ill-conceived political slogan lacking strategy and funding.
He made the remarks following a revelation by GIHOC Distilleries Company Limited that it had to suspend its 24-hour operations due to low demand and competition from foreign alcohol brands.
“If even GIHOC cannot sustain a 24-hour shift because there is no demand, how can we run a national 24-hour economy?” he quizzed on Joy Prime monitored by Lovinghananews.com.
Boakye-Danquah noted that government would need at least $4 billion to operationalize the initiative, a figure exceeding the IMF bailout Ghana recently received.
“We took $3 billion from the IMF to save the economy, and now we’re talking about spending more than that to run this idea. It’s unrealistic,” he said.
He urged the President to focus on practical economic measures that generate jobs and stabilize prices, rather than “whimsical promises.”
“Leadership is not for the weak. It’s for the bold and courageous,” he emphasized, adding that after eight years in opposition, the President should have “settled from day one.”
Source:Lovinghananews.com
