The two aren’t the same – Ato Forson explains New Economy, 24-Hour Economy
by Gabs · MyNewsGh.comFinance Minister Dr Cassiel Ato Forson has explained the difference between the government’s New Economy agenda and its 24-Hour Economy policy, insisting that the two initiatives have different structures and objectives.
Speaking on TV3 hours after presenting the 2027 Budget to Parliament, the minister said the New Economy programme was designed to be driven by the public sector, while the 24-Hour Economy depended on private sector investment.
He explained that the government would use public funds to undertake major infrastructure projects under the New Economy agenda, including the construction of power plants and railways.
“The New Economy is public sector-led while the 24-Hour Economy is private sector-led. The two aren’t the same,” he stated.
Ato Forson said the difference also explained why the government could provide specific timelines for projects under the New Economy programme but could not make similar guarantees for private sector investments.
“I’m spending taxpayers’ money to build a road. I’m spending taxpayers’ money to construct a power plant. I know the timelines. I know when it will be done. But for the private sector, you cannot be too sure,” he explained.
He added that the government would support and facilitate private sector participation in the 24-Hour Economy rather than directly drive the investments.
Source: MyNewsGh.com
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