Dr. Mahamudu Bawumia, the flagbearer of the ruling New Patriotic Party (NPP), emphasized that the Credit scoring system will facilitate Ghanaians’ access to essential purchases at any given moment.
Dr. Bawumia highlighted the substantial impact of the Ghana Card issuance and the integration of databases on the financial sector, attributing the exponential growth to the successful implementation of mobile money interoperability.
On Wednesday, July 24, 2024, Vice President Dr. Mahamudu Bawumia shared his views on his official Facebook page.
with the very significant issuance of the Ghana Card, the merging of databases and the exponential growth of financial inclusion following the success of mobile money Interoperability, all is now set for the operation of a Credit Scoring system for Ghana.
He also mentioned that through the Credit scoring system, Ghanaians will have the opportunity to buy cars and access loans at significantly low interest rates, facilitating smoother business operations.
This, in turn, will help decrease unemployment rates and enhance the overall quality of life for the people.
Among many benefits, the operation of a Credit scoring system will make it easier for the ordinary Ghanaian to purchase essentials such as cars, mobile phones, obtain loans at lower interest rates. In most advanced nations, mobile phones can even be obtained for free from the phone companies with a two or three year contract subject to your credit score. Unfortunately my opponents always think in terms of impossibilities and criticize without knowledge.
I shared this and many more of my vision for Ghana’s future when I interacted with the good people of the Lambussie, Nandom and Lawra constituencies yesterday as part of my constituency-focused nationwide campaign.
