Government Payments to Go Electronic
Vice President of Ghana, Dr. Mahamudu Bawumia has revealed plans to make all government payments electronic. He revealed this at the just ended Euromoney Conference in Accra.
Speaking at the Kempinski Hotel on Tuesday, Dr. Bawumia stated that this new development will facilitate the digitization of the economy whiles curbing the spate of corruption at government institutions and agencies.
“We are on our way to building a digital economy for Ghana but we must note that any digital infrastructure no matter how robust cannot survive in an environment of weak economic fundamentals.”
He added that it is for this reason that the government has been working over the past 20 months to ensure that Ghana has micro-economic stability and a predictable micro-economic environment and this is the basis for wanting to make government payments electronic.
“A proper effort in this area has the capacity to transform our society significantly towards the achievement of a cashless economy. As such, as a government, we are going to be soon insisting that payments to government agencies for governmental services be done only through cashless and electronic means. “
Dr. Bawumia enumerated the several initiatives that are being undertaken in Ghana to digitize the economy to promote financial Inclusion and formalisation of the Economy. This included the National ID System, the E-Registration System at the Registrar General, the E-Justice System at the courts and the on-going digitization at the ports.
He then touched on the Single Emergency Services number.
On the Single Emergency Services System, Dr. Bawumia said government has rolled out a single emergency number “112” for contacting the fire, police and ambulance services. The next step in the plan is to integrate the emergency Number with the digital address system to allow easy and fast access to victims in times of emergency.
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The EuroMoney Conference
Dr. Bawumia made these assertions while delivering the keynote address at the just ended Euromoney Conference in Accra. The successful conference brought together dignitaries and high profile persons in the banking, finance, technology and telecom sectors of Ghana.
It sought to discuss the developing issues in the fintech , agritech and start-up spaces of the country through a high profile of keynote speakers and panel discussions. This sessions came off successfully with great moderation and coordination from the organizers.
Among the speakers were , Dr Ernest Addison, Governor, Bank of Ghana, Henry Baye, Executive Director and Head, Retail Banking, Ghana and West Africa, Standard Chartered Bank and Angela Mensah-Poku, Director, Wholesale and Enterprise Business Unit, Vodafone.
Similarly high profiled persons both from Ghana and across Africa formed the panelists for discussions which touched on innovations, mobile money, start-ups, agritech and digital finance.
Overall the conference was well organized and well attended.
Since the late 1970s Euromoney has been the world’s leading organiser of high-level financial and investment conferences. The highest profile delegates meet the highest profile speakers at Euromoney events and offer business leaders and decision-makers the opportunity to exchange ideas, develop new contacts and participate in informed, impartial and leading edge discussions. The conference business grew out of Euromoney, the strategic magazine of international finance, money and capital markets that has long been regarded by the banking and investment community as the leading publication in its field. Euromoney had held conferences in over 65 countries worldwide.
By Teiko Daitey