The Vice President, Dr Mahamudu Bawumia, has said he would choose digitalization of the economy over one million interchanges.
He made this comment when he addressed a group of audience at the Accra Business School in Tema on Thursday, during a launch of the university’s new IT programmes.
According to Dr Bawumia, the system has dramatically checked corruption in the public service, citing a few examples like how they have utilized the digitalized system to track records of expenditure government officials make during travels.
He also stated an instance where the Ghana Passport Service could only generate a meagre revenue of just One Million Cedis in 2017.
However, with the application of the modern technology, it has been able to generate over 56 Million Cedis in 2022.
Passport acquisition has also become easier, faster and cheaper and this has astronomically increased the number of passport owners in the country.
The Vice President also stated how digitalization has affected various sectors of the economy, stating with cheers from the audience that about 16 million Ghanaians have acquired their Ghana Card, which is a unique identification system.
With this, he said it has greatly affected the banking sector as bank accounts can be opened by individuals with the use of the card without necessarily going to the bank.
He also stated that with the scheme, visa cards from Ghanaian banks would soon be accepted by banks outside the country, which was hitherto not possible.
‘Ghanaian students can now access student loans without guarantors because of digitalization,’ the Vice President said.
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