Government to pilot 24-hour economy market centres to boost local development

The Minister for Local Government, Chieftaincy, and Religious Affairs, and Member of Parliament for Banda, Ahmed Ibrahim, has announced plans by the Ministry to pilot 24-hour economy market centres across selected Metropolitan, Municipal, and District Assemblies (MMDAs) in Ghana.

The initiative, which forms part of efforts to revitalize the local economy, was unveiled during his keynote address at a two-day private sector forum on investment opportunities and access to finance for women and youth entrepreneurs, held in Bolgatanga.

“We are creating the policy environment, providing security infrastructure, and working with RCCs and MMDAs to pilot 24-hour market centres with provision for Women Development Bank.” He said.

The forum, themed “Enhancing Social Cohesion and Social Contract Through Empowerment of Women and Youth in Three Northern Regions of Ghana,” was jointly organised by the National Development Planning Commission (NDPC), the United Nations Development Programme (UNDP), and the United Nations Population Fund (UNFPA).

The Minister explained that the 24-hour economy market concept would involve the strategic planning of market hubs in city centres, with continuous operations throughout the day and night.

He said these markets will be equipped with pharmacies, police and fire stations, health posts, fuel stations, and solar-powered lighting systems to ensure safety and uninterrupted business activity.

“In practical terms, this means shift systems in factories, extended market hours, and nighttime public services.” He stated

The 24-hour market initiative aligns with broader national goals to enhance economic inclusion, especially in underserved regions. It is also part of President Mahama’s agenda to build a resilient and inclusive economy that supports entrepreneurship and creates employment opportunities.

As part of this effort, the NDPC has developed an investment strategy toolkit to support eight districts across the Upper East, North East, and Upper West Regions. The toolkit will help districts identify their comparative advantages and craft targeted investment strategies to boost domestic revenue mobilisation and attract private capital.

The initiative will also feature regional private sector forums to spotlight local investment opportunities and build partnerships that empower women and youth entrepreneurs.

Source: Elvisanokyenews.net