The 24-Hour Economy initiative could face serious setbacks unless government moves quickly to remove what it describes as nuisance taxes, the Ghana Federation of Labour (GFL) has warned.
The labour group has raised concerns that excessive tax burdens could undermine business growth, reduce competitiveness, and make it difficult for companies to operate around the clock as envisioned under the policy.
According to the GFL, creating a successful 24-hour economy requires a supportive environment where businesses can expand, employ more workers, and operate efficiently without being weighed down by unnecessary financial pressures.
The warning comes amid broader debates over Ghana’s taxation system and the impact of levies on businesses, workers, and consumers.
The labour body stressed that removing barriers to production and investment would be critical to ensuring the success of any economic transformation agenda.
Stakeholders continue to argue that while the 24-hour economy presents opportunities for job creation and increased productivity, its success will depend on practical reforms, strong infrastructure, and policies that encourage private sector participation.
The GFL’s caution has reignited discussions over how government can balance revenue generation with the need to create a business-friendly environment for economic growth.
