Newly elected National Youth Organiser of the New Patriotic Party (NPP), Abanga Fusani Yakubu, has publicly challenged the government's 24-hour economy policy. He highlighted a significant contradiction: offices meant to regulate this policy close by 5 p.m. Mr. Yakubu questioned how businesses operating late into the night would be monitored under such conditions.
Mr. Yakubu raised these concerns during an appearance on Joy News’ PM Express on Tuesday. He specifically asked who would oversee businesses working at 2 a.m. or midnight if regulatory bodies are not operational. This criticism suggests a disconnect between policy announcement and practical implementation, potentially affecting business operations and economic activity.
This critique comes as Ghana navigates a period of economic adjustments and policy initiatives aimed at stimulating growth. The 24-hour economy concept is designed to boost productivity and create jobs by encouraging continuous business operations. However, Mr. Yakubu's comments underscore challenges in ensuring government agencies can support such an ambitious economic shift effectively. Previous administrations have also faced scrutiny over policy execution.
“How can an office that is meant to regulate an office that is supposed to operate 24 hours close at 5 p.m.?” Mr. Yakubu asked directly. He further accused the government of misleading Ghanaians with its policies, calling them “scam lies.” He also criticised the government for allegedly using social media to undermine the achievements of the previous NPP administration.
The implications of such internal party criticism are significant for the government's credibility and future policy rollouts. Businesses considering extended operating hours might hesitate without clear regulatory oversight and support. The public's perception of economic management could also be affected, especially concerning the government's ability to deliver on its promises. This situation could influence voter sentiment ahead of the 2028 elections, for which Mr. Yakubu aims to mobilise support for former Vice President Dr. Mahamudu Bawumia.
Mr. Yakubu extended his criticism to include the rising cost of living, specifically citing fuel prices. He noted that fuel prices have now reached GHS 20 and above, impacting transportation costs and household budgets. This increase affects both individuals and businesses, contributing to inflationary pressures across the economy.
He also expressed concern over the decline in cocoa prices, a critical export commodity for Ghana. Mr. Yakubu stated that cocoa is currently being purchased at GHS 2,000 per bag. He contrasted this sharply with a previous price of GHS 3,100 per bag, which he attributed to Dr. Mahamudu Bawumia's tenure. This reduction directly impacts cocoa farmers, many of whom rely solely on this crop for their livelihoods.
Mr. Yakubu dismissed explanations based on global cocoa price fluctuations. He argued that policymakers were aware of global market dynamics when making promises to farmers. This stance highlights a demand for accountability from the government regarding its economic pledges, particularly those affecting key sectors like agriculture. The cocoa sector is a major foreign exchange earner for Ghana.
The National Youth Organiser pledged to lead a grassroots campaign for the NPP ahead of the 2028 elections. He emphasised the need for hard work and sacrifice to secure victory for Dr. Mahamudu Bawumia. This internal party challenge signals potential areas of focus for the opposition and could shape future political discourse on economic management.