The Asantehene, Otumfuo Osei Tutu II, has emphasized the critical role of reliable electricity in the successful implementation of the 24-hour economy. Speaking at a meeting with officials from Dream Power Africa, a solar energy company, the Asantehene stressed that energy is essential for national development. “Currently, the government has been talking about a 24-hour economy. If that is going to be successful, then energy must also be available in rural areas, and industries will need it to function efficiently”.
Importance of Reliable Electricity
The Asantehene’s comments highlight the importance of reliable electricity in driving economic growth and development. A stable power supply is crucial for businesses and industries to operate efficiently, and its absence can lead to significant losses and hinder economic progress.
24-Hour Economy Initiative
The 24-hour economy initiative, a key policy promise of the National Democratic Congress (NDC), seeks to stimulate continuous economic activity across sectors such as manufacturing, agriculture, healthcare, and ICT. President John Dramani Mahama has described the policy as part of a broader industrialisation drive and a solution to Ghana’s youth unemployment challenge.
Implementation Challenges
While the policy is yet to be implemented, President Mahama has appointed Augustus “Goosie” Tanoh as the Presidential Advisor on the 24-Hour Economy and Accelerated Export Development, tasking him with leading the rollout of this flagship initiative. The success of the 24-hour economy will depend on various factors, including the availability of reliable electricity, infrastructure, and a supportive policy framework.
Investment Opportunities
The Asantehene’s call for investors to support Ghana’s energy sector highlights the potential for investment in the country’s energy infrastructure. Dream Power Africa’s meeting with the Asantehene demonstrates the interest of private sector players in contributing to Ghana’s energy development.
Conclusion
The Asantehene’s emphasis on the importance of reliable electricity for the 24-hour economy underscores the need for a comprehensive approach to energy development in Ghana. As the country moves forward with the implementation of this policy initiative, it is essential that energy infrastructure development keeps pace with economic growth aspirations.
Source: Africa Publicity