• Live Radio
  • Videos
  • About
  • Contact
  • Despite Media
Ghana Election 2020
  • Home
  • Local News
  • Politics
  • Showbiz
  • Sports
  • Business
  • Opinion
  • VIDEOS
  • Media
    • Videos
    • Audio
    • Live Radio
    • Photos
  • Election 2020
Local News
 
 
 
Home Business Business News 202105

Embrace Digitization To Speed Up Post-Covid Recovery – Bawumia To Business Community

17-May-2021
/ Business News, Business
Email
Print
Comments 0
(0)
Comments
Share on Facebook Share on Twitter
 

The Vice President, Dr Mahamudu Bawumia, has challenged Chief Executives of Government agencies and business leaders to embrace the tide of digitization and infuse their operations with innovative digital technology to drive business evolution and for survival. 

He has also encouraged them to focus on building sustainable businesses and help build an economy that will remain resilient even in the face of unpredictable occurrences such as the Covid-19 pandemic.

The Vice President, who gave the advice at the 5th Ghana CEOs Summit in Accra on Monday, 17th May, said it is absolutely imperative to reset and reignite business and the economy in these times, to ensure continuous growth and development of the Ghanaian economy after the devastating effects of Covid 19.

“The Covid-19 pandemic has demonstrated ample systemic flaws in the way we do things, including the way we conduct business, thereby requiring us to re-think and re-orient ourselves and our businesses. We cannot succeed if we hold on to the old ways of doing things. If we want to survive, we will have to dwell on the lessons learnt from the pandemic going forward”, he indicated.

“In our bid to reset business and the economy, digitization has an enormous role to play. One of the lessons the pandemic has taught us is that digitization is the future; a future that perhaps started yesterday. Businesses will by necessity have to integrate appropriate digital technologies in their operations and service delivery in order to increase productivity and output.”

Dr Bawumia emphasized: “The pandemic has presented a much-needed opportunity with which we can reset the economy, while still building upon the solid foundation already laid. It has also taught us that businesses are intimately connected with society, and such intimate connection will require businesses to be responsive to the needs of all stakeholders.”

“The government of President Nana Akufo-Addo,” Dr Bawumia pledged, “remains focused on building an economy that is underpinned by digitization. We have made progress on our enablers. We are beginning to see the dividends in Passport services, Driving License, the integration of the National ID with Health Insurance, with the implementation of initiatives like mobile money interoperability, the paperless port systems, digital property addressing system and many others.

“We have also interfaced the Ghana Card with GRA and so the Ghana Card number becomes the Tax Identification Number (TIN) of everyone resident in Ghana. Until we did this integration, we had only 700,000 persons with TIN. We now over 15 million Ghanaians with TIN. We are also undertaking a house addressing and street naming programme, which will see us affix, for free, house number plates to all the 7.5 million structures across the country. As businesses, you don’t need me to tell you the significance of this development.

“The integration of NIA to the CID database is currently ongoing. This will help employers to easily check the criminal records of people they intend to employ. We have also integrated it with SSNIT. All of these digitization efforts are aimed at formalizing the economy and ensuring inclusion.

“We will continue with our comprehensive efforts to save lives, safeguard the educational system, minimize interruptions in the educational system, ensure that micro, small, medium and large enterprises continue to thrive and continue to fuel the economy, even as the pandemic persists.”

Dr Bawumia urged the business community to continue to “engage us on the measures they will want Government to put in place to make it easier for them to do business.”

Source: Office of Vice President Dr. Mahamudu Bawumia

 

 
 

 

Comments ( 0 ): Post Your Comments >>

Disclaimer: Opinions expressed here are those of the writers and do not reflect those of Peacefmonline.com. Peacefmonline.com accepts no responsibility legal or otherwise for their accuracy of content. Please report any inappropriate content to us, and we will evaluate it as a matter of priority.
Featured Video
Previous Post

EBID Grants US$ 50 Million Facility To Consolidated Bank Ghana Limited

Next Post

B5 Plus Limited Has Created 15,000 Jobs For Ghanaians – CEO

 
 

More Stories

Tullow Drives Local Participation In Oil And Gas Sector
CIMG Customer Satisfaction Index: UMB And 4 Other Banks Lead The Way In Customer Service In Ghana
Global Finance Must Transform To Address Africa's Climate Challenge - Ofori-Atta Urges
Vodafone Director Calls On SMEs To Seize Opportunities At Upcoming Business Runway Event
AGI Urges Government To Incentivize Production
Understand The Nature Of Assets Before Investing – George Allotey
Investing With Purpose: A Guide To Aligning Investment Objectives With Financial Goals
Leverage Microfinance Wins 'Microfinance Company Of The Year, 2022' At The 4th Ghana Credit Excellence Awards
Absa Bank's 10% SME Loan Makes Big Impact With GHS100 Million In Funding
Next Post

B5 Plus Limited Has Created 15,000 Jobs For Ghanaians – CEO

  Ghana Business News

  • General News
  • Economy
  • Banking & Finance
  • Stock Market
  • Industry/Manufacturing


 
 

Other Business News Stories

  • Tullow Drives Local Participation In Oil And Gas Sector

  • CIMG Customer Satisfaction Index: UMB And 4 Other Banks Lead The Way In Customer Service In Ghana

  • Global Finance Must Transform To Address Africa's Climate Challenge - Ofori-Atta Urges

  • Vodafone Director Calls On SMEs To Seize Opportunities At Upcoming Business Runway Event

  • AGI Urges Government To Incentivize Production

  • Understand The Nature Of Assets Before Investing – George Allotey

  • Investing With Purpose: A Guide To Aligning Investment Objectives With Financial Goals

  • Leverage Microfinance Wins 'Microfinance Company Of The Year, 2022' At The 4th Ghana Credit Excellence Awards

  • Absa Bank's 10% SME Loan Makes Big Impact With GHS100 Million In Funding

  • GACL Is ‘Best ERM Compliant Institution’ 2023

 

 
 

Popular Videos

Peace Power Sports (25/09/2023)

#MeManNti with ADAKABRI FRIMPONG MANSO on NEAT 100.9 FM 25/09/23)

Akan News @ Midday On Peace 104.3 FM (23/09/2023)

Weekend Peace Power Sports Review (23/09/2023)

Akan News @ 6am On Peace 104.3 FM (24/09/2023)

Kokrokoo Live On Peace 104.3 FM (25/09/2023)

Peace FM Online and Despite Media

peacefmonline.com offers its reading audience with a comprehensive online source for up-to-the-minute news about politics, business, entertainment and other issues in Ghana

Follow us on social media:

Category

  • Home
  • Local News
  • Politics
  • Showbiz
  • Sports
  • Business
  • Opinion
  • Trivia
  • Foreign
  • Audio
  • Photos
  • Videos
  • Elections
Decision Time
Ghana Election 2020 2016 Elections
Services
Live Radio Audio on Demand Ghana Elections Advertise with Us
Useful Links
Despite Media About Us Contact Us Feedback Form Terms and Conditions Privacy
Our Brands
Despite Media UTV Peace FM Okay FM Hello FM Neat FM Peacefmonline
  • About
  • Advertise
  • Terms & Conditions
  • Contact
  • Privacy

© 2020 Peacefmonline.com - An online portal owned and managed by Despite Media

  • Home
  • Local News
  • Politics
  • Showbiz
  • Sports
  • Business
  • Articles
  • Trivia
  • Foreign
  • Live Radio
  • Photos
  • Videos
  • Audio
  • Election 2020

© 2020 Peacefmonline.com - An online portal owned and managed by Despite Media