The digital economy is an economic policy-Bawumia
Vice President, Dr. Mahamudu Bawumia has posited that a country that does not digitize its economy is not prepared to move forward just like other countries have done.
The digitization of the economy, he opined, has several benefits.
He was addressing a gathering at a public lecture at the Ahesi University on Tuesday, November 2, 2021.
The lecture was on the theme “Transforming an economy through digitalization: The Ghana story,”
“This [analogue] system frustrates, other than helping ordinary people. Why is it that after 60 years of independence of this country, the system remained basically the same or in some cases worsened? The goal upon assumption of office was to quickly transform our economy by leveraging on the technology advancement as means to leapfrog the advancement and developmental process that comes with the legacy problems of both economic and public sector governance. This is why digitalization has been a major focus of the Nana Addo government”, Dr. Bawumia said.
“Unfortunately, many people do not appreciate the link between digitization and economic development. I have heard people say I am abandoning economics for digitization. Far from abandoning economics, the reality is that in this era, if you don’t digitize you will not have much of an economy, period! Indeed, digital policy is economic policy!”