Technology as the Backbone for Ghana’s Proposed 24-Hour Economy
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We hope you are having a productive and happy week! Here is a piece on Technology and The 24hour Economy
As Ghana considers embarking on an ambitious journey toward a 24-hour economy under President John Mahama’s leadership, technology must be at the heart of this transformation. A round-the-clock economic model promises job creation, increased productivity, and enhanced economic activity, but its success hinges on a robust technological infrastructure that enables seamless operations, security, and efficiency.
Digital Payments and Financial Inclusion
One of the key pillars of a 24-hour economy is an efficient digital payment system. Ghana has made remarkable strides with mobile money and fintech solutions, but a fully operational 24-hour economy will require further expansion of digital financial services. Businesses, especially small and medium enterprises (SMEs), need reliable payment platforms that facilitate transactions at any hour without friction. Strengthening mobile banking, ensuring interoperability, and improving cybersecurity will be essential in building consumer confidence in cashless transactions.
Smart Infrastructure and Connectivity
For businesses to operate effectively around the clock, uninterrupted internet connectivity and power supply are critical. Ghana must invest in smart infrastructure, including high-speed broadband, 5G technology, and digital workspaces to support night-time operations. Additionally, stable electricity is a non-negotiable prerequisite; power outages must be addressed to prevent disruptions to businesses operating beyond traditional hours. Renewable energy sources, such as solar and wind, could play a vital role in ensuring energy sustainability for a 24-hour economy.
E-Government and Digital Public Services
A thriving 24-hour economy requires that government services also function beyond regular working hours. E-government platforms must be strengthened to enable businesses and citizens to access essential services such as business registrations, permits, and legal documentation online at any time. A digitized and automated public sector will complement the private sector’s transition to a non-stop economy and reduce bureaucratic inefficiencies.
Tech-Enabled Security Solutions
Safety concerns are one of the biggest challenges associated with a 24-hour economy. Leveraging technology to enhance security is paramount. AI-powered surveillance systems, smart street lighting, and digital emergency response systems can make round-the-clock business operations safer. Additionally, fintech-driven digital identity verification and cashless transactions can reduce crime associated with physical cash handling at night.
Workforce Digital Skills Development
A successful 24-hour economy is only as strong as its workforce. Training workers in digital literacy, remote collaboration tools, and automation technologies will be crucial. Online education platforms, government partnerships with tech companies, and vocational training in digital skills can prepare Ghanaians for a modern labor market that demands flexibility and technology proficiency.
Conclusion
Ghana’s vision of a 24-hour economy is bold and forward-thinking, but it cannot succeed without a strong technological backbone. Investments in digital payments, infrastructure, security, and workforce development will determine whether this initiative flourishes or falters. The government, private sector, and tech industry must collaborate to ensure that technology is not just an enabler but the very foundation of a thriving, round-the-clock Ghanaian economy.
Before you go!
We want you to join the Accra Digital Dialogue tomorrow, Thursday 30th January 2025 at 7pm on X(twitter). Ghana’s Digital Economy has new leaders Sam George and Rev. Edmond Fianko. What should we expect ? How will their leadership shape Ghana’s Digital Economy?
Set a reminder / Join the conversation here : The Accra Digital Dialogue_30/01/25
Author Profile
Dr. Joseph Budu is a Senior Lecturer in Information Systems at the Ghana Institute of Management and Public Administration (GIMPA). He is passionate about translating ideas and concepts into sustainable projects with commercial value and developmental impact. Dr. Budu’s academic and professional interests lie in the implications of digitalisation for national development, entrepreneurship, and public sector innovation. His research spans digital platforms, social agriculture, and electronic business, with an emphasis on the transformative potential of technology in the Global South.
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