Vice President Dr. Mahamudu Bawumia has announced that Ghana is poised to become the second country in Africa to implement an effective credit scoring system.
Dr. Bawumia kick-started the final lap of his campaign in the Ashanti Region to a tumultuous welcome yesterday.
Everywhere he went, Bawumia, who is also the New Patriotic Party (NPP) presidential candidate in the upcoming December general election, was mobbed by hordes of party supporters.
He, therefore, took the opportunity to announce Ghana’s readiness to introduce a credit scoring system, one of his topmost priorities when elected president. He assured that the policy will be launched on Thursday, November 7
He believes this milestone will revolutionize Ghana’s financial sector, making credit more accessible and affordable for individuals and businesses
Dr. Bawumia is confident that the country has what it takes to implement a credit scoring system. This initiative aims to revolutionize Ghana’s financial sector, making credit more accessible and affordable for individuals and businesses.
He said the proposed system will provide a fair and uniform means of assessing creditworthiness, essential for loans, credit cards, and other financial products.
He said the credit scoring system will Increase access to credit for individuals, Improve financial inclusion, especially for underserved populations and enhance economic growth by facilitating credit access.
He noted that South Africa is currently the only African country with a well-established credit scoring system.
“Currently South Africa is the only country in Africa that has credit score and Isha Alaah, Ghana will be the second country in the whole of Africa. Everybody with Ghana Card is qualified to have a credit scoring”
He kick-started his Ashanti regional campaign from far away Ntobroso in the Atwima Mponua Constituency; 63 kilometres from Kumasi, with an hour and 45 minutes drive.
The entire town had been literally painted in the white, blue and red colours of the New Patriotic Party in anticipation of Dr. Bawumia’s arrival.
The over-excited party faithful were thrown into a state of frenzy when they saw the NPP flagbearer’s ‘It is possible’ branded bus entering the town.
Before the bus could stop for Dr. Bawumia and members of his campaign team to alight, the youth of the town had besieged its doors, making it almost impossible for the man to descend until after some time.
The entire place went haywire when he got down and started waving at the crowd, with the usual chants of ‘number one’ and ‘it is possible’.
