The Dean of University of Cape Coast School of Business, Prof. John Gatsi has once again schooled Vice President Dr. Bawumia’s discrediting of the John Mahama and NDC’s 24 Hour Economy Policy proposal saying “it takes vision to pronounce a 24hr economy”
The Vice President’s who is proposing a Blue Economy shutdown is counterpart John Mahama’s proposal saying Mr Mahama lacks a comprehensive understanding of the policy he is promising Ghanaians.
Dr Bawumia made this comment during his tour of the Northern Region whiles addressing gathering of supporters and dismissed the idea of implementing a 24-hour economy, stating that it cannot be achieved without a thorough understanding of the implications and requirements.
Dr Bawumia expressed his skepticism about Mahama’s proposal, emphasising that a 24-hour economy is already a reality for many businesses based on market demand and opportunities.
“I hear John Mahama has a new idea and he wants to run a 24-hour economy. I say where did he get this idea from? It is not a bright idea! A 24-hour economy cannot be legislated by the government,” Dr Bawumia said.
But John Gatsi took to his Facebook to breakdown what the 24 hour economy actually means.
According to Prof. Gatsi, “Blue and green economic arrangements are very important and now on international agenda and countries must comply”
All productive engagement under 24hr economy will deal with sustainability but blue and green economic arrangements are not the same as 24hr economy. Every government is incentivized to have blue and green policies but it takes vision to pronounce a 24hr economy” – He explained.
Read his full post:
Blue economy not the same as 24 hour economy
Blue and green economy under the framework of sustainable development have been emphasized as part of global arrangements to follow. It is not the same as conscious policy framing to increase productive capacity, expand businesses, create new businesses, ensure efficiency and in brief make our economy a productive one.
Markets exist for 24 hour economy. Challenges such as security, power efficiency and in some instances competitive production are genuine opportunities. If security both private and public should increase based on productivity of the economy, that is positive. These challenges are positive opportunities that do not dwarf the relevance of the policy.
We started talking about Free SHS since 2008 election we never had a published policy until 2017. Do not forget the famous BBB interview about the policy and the cost implications and the answers provided. Ghana beyond Aid did not have a policy until after announcement of implementation.
The policy relating to 24hour economy is received with great expectations. What is needed is to engage to refine. Fortunately, is not difficult to understand.
Conscious emphasis on a 24 hour economy and making it a headline policy is brand new. Let the discussion continue. The beauty of a 24hour economy. The beautiful flowers of a a 24hour economy.
By Efo Korsi Senyo / awakenewsroom.com