He added that the move will also attract foreign investors and bring in more foreign capital.

According to the President, the initiative will as well create employment opportunities through the shift system for the youth of Ghana to thrive, feed themselves and their families through agriculture and agribusiness.

“Our vision hinges on introducing and implementing a 24-hour economy. We envisage an innovative and vibrant 24-hour Ghanaian economy anchored in agriculture and agribusiness”, the President stated.

President Mahama, who was speaking at his inaugural ceremony at the Independence Square in Accra, Wednesday, stated that the approach is expected to unlock dormant potential, enabling the country to harness the people's energy and creativity.

He was hopeful that, through the approach, most Ghanaian youth, including entrepreneurs, can find opportunities regardless of traditional limitations.

My fellow citizens, this will allow us to embrace diversity, cater to varied lifestyles and preferences, foster a culture of inclusion, and ensure that every citizen can enjoy the fruits of our hard work.

To business leaders and entrepreneurs, I invite you to support this new model and join me in shaping an environment where creativity thrives and where the fruits of your labour contribute to the collective welfare of our nation. Your role in driving our economy forward cannot be overstated.

Meanwhile, President John Dramani Mahama has officially taken his oath of office as the president of Ghana.

He was sworn into office alongside his Vice President, Professor Jane Nana Opoku Agyeman, the first female Vice President of Ghana by the Chief Justice of the Republic Getrude Torkornoo on the 7th of January 2025 at the Black Star Square (Independence Square) in Accra.

This is the beginning of his second reign at the presidency having led the country from 2013 to 2016 when he failed in his attempt to renew his mandate with the people of Ghana.