Duncan Amoah, Executive Secretary of the Chamber of Petroleum Consumers (COPEC), has criticised the government's strategy for the 24-hour economy. He argues that public funds should not primarily finance the construction of new markets. This statement highlights a key debate on how best to stimulate Ghana's night-time economy.
Mr. Amoah contends that the government's focus should instead be on creating the necessary conditions. These conditions would encourage businesses and consumers to engage in economic activities after dark. He specifically mentioned improved security and street lighting as crucial elements. Without these foundational elements, he believes physical infrastructure projects risk becoming white elephants.
This critique comes as Ghana seeks to boost its economic output and create more jobs. The 24-hour economy concept aims to extend business hours beyond the traditional workday. This initiative is designed to unlock new opportunities and increase productivity. However, its implementation strategy remains a subject of public discussion and expert scrutiny. Previous discussions have also touched on banking models and funding for the initiative.
“Government does not, for me, have a business going to build markets. I don’t subscribe to that one,” Mr. Amoah stated. He elaborated that constructing physical infrastructure without addressing core barriers could lead to wasted public funds. He used the analogy of building a modern market in a village where people sleep by 6 pm, suggesting it would fall into ruin. This illustrates his concern about misdirected investment.
Mr. Amoah advocates for an environment where businesses can operate safely and efficiently beyond daylight hours. He believes this approach would allow people to extend their economic engagement. Businesses like salons, pharmacies, and shops could significantly benefit from increased night-time activity. This would only happen if the right supportive conditions are in place.
A key part of his proposal involves strengthening night-time security. Many Ghanaians are reluctant to go out after dark due to fears of crime. Mr. Amoah urged the police to increase their presence at night. He also called for better lighting in communities and along major roads. “The number of men you put out there in the daytime, double it at night,” he advised. This would build public confidence.
Improved security would empower people to park their vehicles, shop, and dine out without fear. This increased confidence is vital for a thriving night-time economy. He also suggested incentives to drive demand during off-peak hours. Businesses could offer selected goods and services at lower prices at night. This would encourage consumer participation.
The COPEC Executive Secretary believes the 24-hour economy should not be limited to building physical structures. Instead, it should be supported by policies that make the additional 12 hours economically productive. “The other 12-hour period is wasted because it’s dark,” Mr. Amoah observed. He urged the government to rethink its approach. This would ensure visible changes encourage more Ghanaians to participate in the night-time economy. This strategic shift could unlock significant economic potential for the nation.