Power struggle: Why the 24-Hr economy will fail without affordable electricity, a missed opportunity in the 2025 budget

In the wake of Ghana's ambitious 24-hour economy initiative, experts are warning that without affordable and reliable electricity, this vision may falter. The recent budget unveiled a missed opportunity to address the country's pressing energy issues, which are pivotal for economic growth. Analysts argue that high electricity costs hinder business productivity and deter investment, ultimately stifling job creation in a nation eager for progress.

The government's focus on infrastructure development and economic diversification is commendable; however, sustainable energy solutions must be prioritized to support these efforts. As businesses struggle with escalating power tariffs, many fear that the envisioned round-the-clock economy could remain an elusive dream.

Stakeholders emphasize the need for strategic investments in renewable energy sources and efficient management of existing resources to ensure consistent power supply at lower costs. Without addressing these critical energy challenges, Ghana risks undermining its potential for robust economic expansion—an outcome that would have far-reaching implications for citizens’ livelihoods and national prosperity.