President John Dramani Mahama at his swearing-in ceremony
In our previous article, "Economic Evolution - Can a 24-Hour Economy Be the Solution to Our Structural Challenges?" published in Business and Financial Times and myjoyonline.com on October 8th, 2024 earlier this year, we explored the potential of a 24-hour economy as a transformative solution to some of the persistent structural challenges faced by Ghana.
The idea of a 24-hour economy is not new, but its relevance has gained new momentum, particularly as countries worldwide continue to adopt innovative solutions to foster growth.
As we approach 2025, the landscape of global trade, finance, and economic interaction is changing rapidly, driven by digital technology. One such innovation that is altering the economic framework is the rapid adoption of digital currencies.
The convergence of a 24-hour economy and the adoption of digital currencies provides a compelling opportunity for Ghana to reshape its economic future. The 24-hour economy, where businesses and economic activities operate beyond the typical nine-to-five cycle, offers the potential to tap into untapped revenue streams, optimize productivity, and create jobs. Crucially, the widespread use of digital currencies could further accelerate this transformation.
Cryptocurrencies, in particular, have emerged as one of the most dynamic components of this new economic landscape. In enabling faster, borderless, and more secure transactions, digital currencies are not only enhancing financial inclusion but also creating a robust mechanism to fuel continuous, global economic engagement.
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