The Vice President of the Republic of Ghana and flagbearer of the ruling New Patriotic Party (NPP), Dr. Mahamudu Bawumia, has addressed the misconception surrounding his alleged statement that the ‘Ghana card can be used to purchase a car’.
During the Ghana Investment Promotion Centre (GIPC) awards ceremony, Vice President Dr. Mahamudu Bawumia clarified his remarks, emphasizing that he did not claim that the Ghana Card could directly be used for buying a car.
This clarification comes in response to the discussions that arose from his earlier comments about the versatile applications of the Ghana Card. In his speech at the GIPC Awards event on Friday, December 8, Dr. Bawumia highlighted the government’s commitment to utilizing technology for efficient and streamlined services.
He emphasized the integration of the Ghana Card into various aspects of daily life, including its potential for facilitating transactions. However, in light of the ensuing discussions and potential misunderstandings, Vice President Bawumia made it explicitly clear that he did not suggest a direct connection between the Ghana Card and the purchase of a car.
“One of the problems we have in Ghana is the lack of an effective credit system as compared to what we see in other advanced countries, In Ghana when you receive your paycheck that is what you rely on for the month. The credit system in other jurisdictions works effectively to increase your consumption possibility.”
“I was making a statement that one of the things that we don’t have currently in Ghana is a credit scoring system that the referencing agency will normally do. that statement I made of course was taken out of context and some people even disagreed with that statement saying we don’t have such an individualized credit system in Ghana”
“But now with the cooperation with the central bank, we are very close to introducing an individualized credit scoring system in Ghana next year which allow us to differentiate risk from individuals and that was the sense which I said that an individualized scoring system will have the Ghana card as that anchor because it is a unique identifier for everybody and that will allow credit to be more accessible to all of these companies here who will then be able to offer credit to many consumers”
“The Ghana card being the anchor, some people misunderstood that saying you can use the Ghana card to buy a car which doesn’t make sense, the Ghana card will help you get credit to be able to assist you making purchases of goods and other services,” he said
