- Clement emphasized Ghana’s success in leveraging digital technology
- He stressed the need for developing nations to address the digital divide
- Clement advocated for strong public-private partnerships
Tony Peter Clement, former Canadian Minister of Industry, Science, and Technology, and President of the Treasury Board, has praised Ghana’s digitalisation efforts as transformative for developing countries.
Speaking at the Democrat Union of Africa (DUA Forum 2024) in Accra, Clement urged other nations to adopt Ghana’s ambitious digital strategies.
Clement highlighted Ghana’s success in utilizing digital technology to enhance accountability and transparency across various economic sectors.
He commended the country’s initiatives, such as Mobile Money Interoperability and biometric national identification systems, which have significantly contributed to economic development.
He emphasized the importance of bridging the digital divide between rural and urban areas and improving cybersecurity. Additionally, Clement advocated for robust public-private partnerships to further accelerate Ghana’s digital transformation.
In May 2018, Vice President Alhaji Dr. Mahamudu Bawumia launched the Mobile Money Interoperability system through the Ghana Interbank Payment and Settlement Systems Limited (GhIPSS). This system advances financial inclusion by facilitating seamless mobile money transactions across different networks, addressing challenges such as difficulties in bank account access, high maintenance costs, and financial literacy issues.
The Mobile Money Interoperability system simplifies transactions, integrates mobile money users into the financial ecosystem, and reduces transaction costs by eliminating the need for third-party payment providers. This system allows users to send and receive money across different networks with greater ease and security.
