We’re building pillars to allow all sectors of the economy compete – Bawumia

Bawumia: "A digitised economy is a massive economy."

Vice President Dr Mahamudu Bawumia has said that the Akufo-Addo administration is using digitalisation to build the pillars needed to allow all sectors of the economy compete.

To that end, he said, the government decided to address some of the major bottlenecks that businesses face through digitalisation.

Addressing participants of an Agric students’ boot camp at the Jubilee House on Monday, Dr. Bawumia said “Coming into government and heading the Economic Management Team, the President gave me that mandate and opportunity to focus on how best we can transform and modernise Ghana to make sure that some of the challenges, some of the risks that, you know, people just want to operate in our economy are facing, how we mitigate those risks, how we make this economy an efficient economy and this is why I have focused on digitalisation.”

He added, “sometimes people say, well, we thought you were an economist, but you’re doing so much in IT space. Have you left economics behind? No, no, not at all. In fact, it is because of the economy that I’m focusing on digitising because without building those pillars, our economy will just not be able to stand on its own feet.

“We need to build those pillars to allow all our sectors in the economy to be able to compete and so we decided to address some of the major bottlenecks that businesses face in the Agric sector through digitalisation.”

“First of all,” he added “whatever problems that exist and make this economy inefficient affect everybody, whether you are in agric or industry or services you will face those problems.

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“If you don’t known who you are dealing with, if just establishing your identity is a problem and you go to Dr Kofi Mensah at Agric Development Bank and you say to Dr Kofi Mensah, I want to borrow money for my business, they need to establish your identity first of all.

“If that is not clear then they may doubt what your identify is, they may doubt about your age. You are not likely to get that loan if you don’t have the track record that goes with your identity you have a problem.”

By Laud Nartey|3news.com|Ghana