{Promise} A bank account for every Ghanaian in 2018 – Dr Bawumia

The Vice President, Dr Mahamudu Bawumia has said that government in 2018 would ensure that every Ghanaian has a bank account.

The rationale, he said, is part of measures to ensure a digitised economy in the country.

He said over 70 percent of the Ghanaian population do not have bank accounts, hence the government's decision to have every Ghanaian own one.

Dr Bawumia was speaking at the official opening of the 2017 Innovation Week organised by the Ghana- India Kofi Annan Centre of Excellence in Accra.

The three-day event is on the theme: “Exponential technologies and innovations; an enabler in socio-economic development of Ghana”

Financial inclusion

Dr Bawumia said “financial inclusion is very key to the economy…we have to make sure that everybody practically has a bank account”, adding that “this is how we are going to change the economy”.

He said the over 70 percent of the Ghanaians who did not have bank accounts could be helped to own one with the use of technology.

“Everyone has to have a bank account”, he said, adding that “and for that to happen, technology must be available for it to happen”.

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Culled from myjoyonline.com

Editor’s Note

Clearly, Government cannot create an account for everyone, we would rather be monitoring Government promises aimed at achieving this policy