Ghana’s President, John Dramani Mahama has pledged to deepen cashless transactions in his second term office, announcing that the height of cashless transactions with government institutions will be achieved by 2021.
He said when he highlighted the ruling National Democratic Congress (NDC), 2016 manifesto at the State Banquet Hall in Accra, Tuesday.
President Mahama who faces stiff competition in 7th December, was confident that the move would enable government play a lead role in ensuring a cashless society.
He stated: “By 2021, if you have to pay money to government anywhere, we won’t accept cash it has to be by bank transfer or mobile money or cards”.
The President said his administration is working to make Ghana a cashless economy in order to promote enhanced trade and business transactions.
According to him, as part of Ghana’s three-year Extended Credit Facility with the International Monetary Fund, IMF, there are ongoing fiscal consolidation programme targeted at institutional and structural reform.
“Some of the things we are doing, working with the Bank of Ghana, is to scale up the processes to redue the high level of cash transations; including supporting the use of electronic payment platforms to effect payments for all forms of financial obligations to public institutions,” he said.
Apart from fast tracking transactions, a cashless economy can cut down on corruption and under-hand dealings that have been the bane of Ghana’s public institutions as it provides a more reliable record of all transactions electronically.
Click here for the NDC Manifesto Highlights http://ghanapoliticsonline.com/highlights-ndc-manifesto-2016-full-document/.
African Eye Report
