Vice President Dr. Mahamudu Bawumia has maintained that economic transformation and development cannot be achieved by just brick and mortar as some politicians regrettably believe.
He said adopting technology and putting in place systems are indispensable ways of transforming and growing economies in the 21st Century.
Vice President Bawumia came under a barrage of attacks on social media, mainly from members of the opposition National Democratic Congress (NDC) when he recently indicated that he preferred Ghana Card to 1,000 interchanges.
However, speaking at the launch of the Ghana Electronic Pharmacy Platform (ePharmacy), Africa’s first national-scale ePharmacy in Accra on Monday, Dr. Bawumia expressed disappointment that some people are of the view that economic development can only be achieved through brick and mortar.
The Vice President who has been credited with Ghana’s on-going digital transformation drive, highlighted the value of the global digital economy, adding that countries that do not embrace it, will be left behind.
“According to the data, the global digital economy is valued at US$11.5 trillion (15.5% of GDP). Global cocoa market on the other hand is valued at $12.6 billion”, Vice President Bawumia pointed out.
These figures, according to him, buttresses his point on the need for a developing economy like Ghana to prioritise digitalisation for economic growth.
“You cannot transform an economy with just brick and mortar. You can only transform an economy with ideas, with systems and with institutions. This is why we are focusing on these ideas, systems and institutions”, he emphasised.
Digitalisation & modern economies
Vice President Bawumia also shredded claims that he has stopped economic issues and focusing on digitalisation of the economy.
According to him, those who make these claims do not know the inseparable linkage between digitalisation and modern economies.
“People will say ‘oh you’re not doing economics’. But your economy cannot function in the 21st century if you don’t have the systems and institutions. That is why we are focusing on building all of these systems; the digital platforms as we go forward in the 21st century.
“Our interest as government in digitalisation stems from the fact that the 4th Industrial Revolution is a digital revolution. Digitalisation helps us to reduce bureaucracy and corruption in the delivery of public services, increases efficiency, reduces the cost of doing business and makes life easier for Ghanaians by solving problems through the use of digital platforms,” Vice President Bawumia reiterated.
Disappointment
The Vice President said he was disappointed that in spite of all these, government’s digitalisation drive, was confronted by “people with the minds of impossibilities” who have doubted every digital innovation the Akufo-Addo administration has initiated.
Dr. Bawumia listed a number of these innovations, which when he announced, such people said he was lying, but they have since been implemented and are being used by Ghanaians.
“There are, however, many, who refuse to understand the importance of digitalization to our economic transformation. Therefore, they will mock any new innovation. They mocked the digital address system, they mocked the mobile money interoperability because they did not understand when we said that when we bring mobile money interoperability, every adult Ghanaian would be able to have a bank account. Today, with mobile money interoperability, 90% of adult Ghanaians have at least either a mobile money account or a bank account and the two are interoperable, they are basically working like the same, so we have achieved that objective.
“They do not realise that through the Ghanacard, we have been able to increase the proportion of Ghanaians with Tax Identification Numbers from 4% when we came into office to 85%.
“People did not understand why the Ghanacard, certified by ICAO, could be used as a travel document and they mocked the idea. Today, it is a reality and our diasporans can use the Ghanacard and travel to Ghana without a visa.
“People did not believe when we launched Ghana Pay, to make Ghana the first country in the world to have a bank-wide mobile money wallet. Usually it is the telcos who issue mobile money wallet.
“People could not understand how zipline medical drone service could be used to deliver medical supplies to save lives. They tried to convince people that drones were to be used for taking pictures of women in bathrooms. Today, as we speak, Ghana has the largest drone delivery service in the world.”
“Unfortunately, for people of governments that try to lead our country to a new level, they are confronted with a mindset that only sees impossibilities; a mindset that refuses to believe that an African country like Ghana can lead the world in implementing digital technology.
“This is why I enjoy proving the skeptics wrong all the time. Usually when I say ‘we are going to do this’, they say ‘he is lying’. And when it comes, they keep quiet. Ultimately, we must all remember that you cannot transform an economy with just brick and mortar. You can only transform an economy with ideas, systems and institutions. Not just brick and mortar”, Vice President Bawumia added.
