- Digitalization now core to Ghana's economic strategy
- Aimed at transforming economy, reducing corruption
- Key digital initiatives underway
- Expected to boost competitiveness, inclusion, and growth
Vice President Dr. Mahamudu Bawumia has emphasized the importance of digitalization in Ghana’s economic strategy, spearheaded by President Nana Addo Dankwa Akufo-Addo’s administration. Speaking at the launch of the CitizenApp on October 7, 2024, Dr. Bawumia highlighted the significance of the Fourth Industrial Revolution in reshaping global economies through digital innovation.
Ghana has been actively working towards digitization, with the Ministry of Finance launching three policy initiatives to deepen financial inclusion and accelerate digital payments. These initiatives include the National Financial Inclusion and Development Strategy, Digital Financial Services Policy, and Cash-Lite Roadmap.
The CitizenApp, a one-stop platform, will enable citizens to access various government services, report issues, and receive real-time updates on public matters. Dr. Bawumia described the app as a personalized tool for all Ghanaians, enhancing convenience and transparency in interactions with government agencies.
The app aims to make processes more efficient and strengthen communication between the public and state institutions. This aligns with the government’s commitment to ensuring Ghana fully embraces digital transformation.
Dr. Bawumia emphasized that Ghana must seize the opportunities presented by the Fourth Industrial Revolution, having missed the previous three revolutions. He cited empirical evidence highlighting digital innovation’s potential to create jobs, boost productivity, increase income levels, and foster wealth creation.
The government has set up a Digital Payments Coordination Unit to drive stakeholder engagement on implementing key actions. This unit will work closely with financial institutions, telecommunications, and fintech sectors.
Public and private sector collaboration is critical for success. The Minister of Finance, Ken Ofori-Atta, noted that digital payments drive transparency, accountability, efficiency, and greater women’s participation in the economy.
Ghana’s digital payment success story has been recognized globally. The United Nations-based Better Than Cash Alliance acknowledged Ghana’s progress and committed to continuing support for the country’s cash-lite roadmap.
The Cash-Lite Roadmap includes concrete steps to build an inclusive digital payments ecosystem, promoting consumer protection and better access to financial services.
By embracing digitalization, Ghana aims to accelerate economic development and drive inclusive growth, aligning with the Sustainable Development Goals.
