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Economies cannot be transformed with bricks and mortar alone; You transform economies with ideas, systems and institutions – VP Bawumia

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  The Vice President Dr Mahamudu Bawumia has reiterated his conviction in the indispensable role that technology plays in transforming the economies of the 21st century Speaking at the launch of the Ghana Electronic Pharmacy Platform ePharmacy Africa s first nationwide e pharmacy in Accra on Monday the Vice President who is credited with driving Ghana s ongoing digital transformation highlighted the value of the global digital economy adding that countries that do not adopt it will be left behind According to the data the global digital economy is valued at 11 5 trillion 15 5 of GDP The global cocoa market on the other hand is valued at 12 6 billion said Dr Bawumia to reinforce his point about the need for a developing economy like Ghana to prioritize digitization for economic growth Dr Bawumia said that some people are of the opinion that economic development can only be achieved with bricks and mortar but he disagreed and emphasized that economic transformation cannot be achieved with bricks and mortar alone but through the adoption of technology and the implementation of systems You can t transform an economy with bricks and mortar alone You can only transform an economy with ideas systems and institutions Dr Bawumia said That s why we re focusing on these ideas systems and institutions The vice president laughed and called the claims that he has stopped economic problems and focused on digitizing the economy ignorant adding that those who make these claims are unaware of the inseparable link between digitization and modern economies People will say oh you re not doing economics But your economy can t work in the 21st century if you don t have the systems and the institutions That s why we re focusing on building all these systems the digital platforms as moving forward in the 21st century the vice president said adding that the country s ongoing digitization drive has significantly increased efficiency and revenue in some digitized government agencies and has also restrained many corrupt practices Our interest as a government in digitization stems from the fact that the 4th Industrial Revolution is a digital revolution Digitization helps us reduce bureaucracy and corruption in the provision of public services increases efficiency reduces the cost of doing business and make life easier for Ghanaians by solving problems through the use of digital platforms he said Dr Bawumia said that despite all this the government s digitization push is up against people with the mind of impossibilities who have doubted every digital innovation the government has initiated He listed a number of these innovations which when he announced those people said he was lying but have since been implemented and are being used by Ghanaians Yet there are many who refuse to understand the importance of digitization for our economic transformation So they will scoff at any new innovation They scoffed at the digital address system they scoffed at mobile money interoperability because they don t you understood when he said when we bring mobile money interoperability every adult Ghanaian will be able to have a bank account today with mobile money interoperability 90 of adult Ghanaians have at least one mobile money account or a bank account And they re both interoperable They basically work the same way so we ve achieved that goal They don t realize that through Ghanacard we have been able to increase the proportion of Ghanaians with tax identification numbers from 4 when we took office to 85 People did not understand why the ICAO certified Ghanacard could be used as a travel document and they scoffed at the idea Today it is a reality and our diasporans can use the Ghanacard and travel to Ghana without a visa People didn t believe when we launched Ghana Pay to make Ghana the first country in the world to have a bank wide mobile money wallet It s usually the telecom companies that issue the mobile money wallet People couldn t understand how the zipline medical drone service could be used to deliver life saving medical supplies They tried to convince people that the drones would be used to take pictures of women in toilets Today as we speak Ghana has the largest drone delivery service in the world Unfortunately people in governments who are trying to take our country to a new level are faced with a mindset that sees only impossibilities a mindset that refuses to believe that an African country like Ghana can lead the world in implementing digital technology That s why I enjoy proving skeptics wrong all the time Usually when I say we re going to do this they say you re lying And when it comes they keep quiet Ultimately we all need to remember not to can be transformed an economy with only bricks and mortar An economy can only be transformed with ideas systems and institutions Not just bricks and mortar
Economies cannot be transformed with bricks and mortar alone; You transform economies with ideas, systems and institutions – VP Bawumia

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Vice President

The Vice President, Dr. Mahamudu Bawumia, has reiterated his conviction in the indispensable role that technology plays in transforming the economies of the 21st century.

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politics naija

Electronic Pharmacy Platform

Speaking at the launch of the Ghana Electronic Pharmacy Platform (ePharmacy), Africa’s first nationwide e-pharmacy in Accra on Monday, the Vice President, who is credited with driving Ghana’s ongoing digital transformation, highlighted the value of the global digital economy. , adding that countries that do not adopt it will be left behind.

“According to the data, the global digital economy is valued at $11.5 trillion (15.5% of GDP). The global cocoa market, on the other hand, is valued at $12.6 billion,” said Dr Bawumia, to reinforce his point about the need for a developing economy like Ghana to prioritize digitization for economic growth.

Dr. Bawumia said that some people are of the opinion that economic development can only be achieved with bricks and mortar, but he disagreed and emphasized that economic transformation cannot be achieved with bricks and mortar alone, but through the adoption of technology and the implementation of systems.

“You can’t transform an economy with bricks and mortar alone. You can only transform an economy with ideas, systems and institutions.” Dr. Bawumia said.

“That’s why we’re focusing on these ideas, systems and institutions.”

The vice president laughed and called the claims that he has stopped economic problems and focused on digitizing the economy ignorant, adding that those who make these claims are unaware of the inseparable link between digitization and modern economies.

“People will say oh, you’re not doing economics. But your economy can’t work in the 21st century if you don’t have the systems and the institutions. That’s why we’re focusing on building all these systems; the digital platforms as moving forward in the 21st century,” the vice president said, adding that the country’s ongoing digitization drive has significantly increased efficiency and revenue in some digitized government agencies, and has also restrained many corrupt practices.

Industrial Revolution

“Our interest as a government in digitization stems from the fact that the 4th Industrial Revolution is a digital revolution. Digitization helps us reduce bureaucracy and corruption in the provision of public services, increases efficiency, reduces the cost of doing business and make life easier for Ghanaians by solving problems through the use of digital platforms,” ​​he said.

Dr. Bawumia said that despite all this, the government’s digitization push is up against “people with the mind of impossibilities” who have doubted every digital innovation the government has initiated.

He listed a number of these innovations, which when he announced, those people said he was lying, but have since been implemented and are being used by Ghanaians.

“Yet there are many who refuse to understand the importance of digitization for our economic transformation. So they will scoff at any new innovation. They scoffed at the digital address system, they scoffed at mobile money interoperability because they don’t you understood when he said when we bring mobile money interoperability every adult Ghanaian will be able to have a bank account today with mobile money interoperability 90% of adult Ghanaians have at least one mobile money account or a bank account And they’re both interoperable. They basically work the same way, so we’ve achieved that goal.”

“They don’t realize that through Ghanacard, we have been able to increase the proportion of Ghanaians with tax identification numbers from 4% when we took office to 85%.”

“People did not understand why the ICAO certified Ghanacard could be used as a travel document and they scoffed at the idea. Today, it is a reality and our diasporans can use the Ghanacard and travel to Ghana without a visa.”

Ghana Pay

“People didn’t believe when we launched Ghana Pay, to make Ghana the first country in the world to have a bank-wide mobile money wallet. It’s usually the telecom companies that issue the mobile money wallet” .

“People couldn’t understand how the zipline medical drone service could be used to deliver life-saving medical supplies. They tried to convince people that the drones would be used to take pictures of women in toilets. Today as we speak, Ghana has the largest drone delivery service in the world.”

“Unfortunately, people in governments who are trying to take our country to a new level are faced with a mindset that sees only impossibilities; a mindset that refuses to believe that an African country like Ghana can lead the world in implementing digital technology.

“That’s why I enjoy proving skeptics wrong all the time. Usually when I say we’re going to do this, they say you’re lying. And when it comes, they keep quiet. Ultimately, we all need to remember not to can be transformed.” an economy with only bricks and mortar. An economy can only be transformed with ideas, systems and institutions. Not just bricks and mortar.”

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