We are on course in building a Ghana beyond aid – Dr. Bawumia

Vice President Dr. Mahamudu Bawumia has reiterated government’s resolve to formalize the Ghanaian economy in the bid to boost the private sector and desist from relying on foreign aid.

“We as Ghanaians home and abroad, must be the leading investors if we are to achieve a sustainable development path,” he said.

According the Vice President, the private sector is less likely to survive in a chaotic and informal economy.

“If you’re looking for systematic private sector investment, you need a more formalized economic system and this is why we have embarked on a digitalization of the Ghanaian economy.”

Dr. Bawumia who was speaking at the opening of the Danish-Ghana Business Conference in Accra stated that Ghana is embarking on intensive digital transformation towards building a strong economy.

“There is going to be a launch in either next month or in January an interoperability of the domestic payment system between the banks and the mobile companies so that you will have financial inclusion across the country.”

Speaking under the theme “Ghana beyond Aid: Moving Forward Together” he said Ghana needs an innovative and integrated policy framework to mobilize and effectively use all sources of finance for development.

Dr. Bawumia stressed on government’s resolve to build a Ghana that uses its own resources and employs proper management as the way to engineer social and economic growth.

He further underscored the importance of quality education in having an educated work force to grow the economy.

Both the Ghana and Danish government is hopeful cooperation between the two countries will result in a win-win affair for their respective business communities.

Meanwhile, the Queen of Denmark Margrethe II arrived in Ghana Wednesday evening for 3-day state visit.

By Irene Amesimeku| | Ghana

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