Digitization driving restoration of economic stability – Dr. Bawumia

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Vice President Dr. Mahamudu Bawumia has stated that the Akufo-Addo government is largely succeeding in restoring macroeconomic stability through digitization.

According to him, the government’s digitization agenda in areas such as land administration and integration of the nation’s database, plus the revision of interest rates are some of the interventions adopted to recover the economy.

Speaking at the 5th edition of the Ghana CEO Summit held in Accra, Dr. Bawumia reassured Ghanaians that government will continue to come up with comprehensive strategies to ensure micro small medium and large enterprises continue to thrive.

“Ghana has made a combination of social and economic interventions and policy choices on many fronts. What Ghana has done and continues to do square well with the way advanced economies are carrying out the fight against the pandemic, and even in some cases, we are doing even better. We continue to deploy an array of social and economic interventions – temporarily lowering the bar on fiscal prudence and continue to revise policy choices and interventions as needed.”

“The Central Bank ably is doing its part, thus lowering interest rates, easing liquidity, mindful not to ignite inflation more than the economy can handle and what people expect. We will continue with our comprehensive efforts to save lives, safeguard the educational system, minimize interruptions in the educational system, ensure micro small medium and large enterprises continue to thrive and continue to fuel the economy even as the pandemic persists,” he stated.
Dr. Bawumia further explained that in spite of the achievements introduced by government towards building a financially inclusive society through digitization, businesses need to embrace digital solutions in order to stay relevant.
“The Ghana Cares Programme instituted by government seeks to recover the economy in the shortest possible time, but we will require the combined efforts of institutions in the private sector to see this through,” he added.

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