GIHOC Distilleries Drops 24-Hour Economy Over Low Demand
- The GIHOC Distilleries Company has admitted to struggles with the implementaion of the 24-Hour Economy
- The CEO of GIHOC distilleries, Jones Borteye Applerh, addressed the press on the reasons for the challenges
- The 24-Hour Economy and Accelerated Export Development Programme is meant to turn around Ghana's import-dependent economy
GIHOC Distilleries Company dropped the Mahama administration's flagship 24-Hour Economy initiative over low demand.
Joy News reported that the company urged the government to clamp down on alcohol imports to help it.
Source: Facebook
At a press conference, the CEO of GIHOC distilleries, Jones Borteye Applerh, noted that the company was dealing with stiff competition.
"In Kumasi alone, we have about 22 other products that are competing with us.”
“If we want to do the 24-hour, it means that we must do other things to complement what we do, otherwise we will lock our capital.”
About the 24-Hour Economy plan
The 24-Hour Economy and Accelerated Export Development Programme is a national production-led revamp of Ghana’s import-dependent, low-value raw material exporting economy.
The government's vision is to turn the economy into a modern, self-reliant, and globally competitive one that works around the clock to deliver productivity, sustainable growth, jobs, and food security.
Government cancels 1D1F programme
The Mahama administration cancelled the One District One Factory (1D1F) initiative, a flagship programme introduced under the Akufo-Addo administration.
The decision was announced by the Minister for Trade, Agribusiness and Industry, Elizabeth Ofosu-Adjare, during a parliamentary session on Tuesday, July 8, 2025.
The government is working to replace the 1D1F initiative with a new industrial strategy focused on round-the-clock agro-processing hubs under the 24-hour economy policy.
While the 1D1F programme is being phased out, the trade minister stated that ongoing projects would not be abandoned but would instead be re-aligned under the broader 24-hour economy vision.
She noted that aspects of the old programme are under review and would be integrated into the new plan, with discussions ongoing between the ministry and stakeholders to manage the transition.
Source: Facebook
Minister pushes for 24-hour markets
YEN.com.gh also reported that the Minister for Local Government, Chieftaincy and Religious Affairs, Ahmed Ibrahim, called for the establishment of 24-hour markets in certain city centres
The initiative would include shift systems in factories, extended market hours, and certain essential services like pharmacies, police stations, and health posts. President Mahama officially launched the policy on Wednesday, July 2, 2025.
Source: YEN.com.gh
