Nkonkonsa Celebrity Gossip From Africa
With the continued digitization of the economy, Bawumia has revealed plans for Ghanaians to be able to purchase automobiles and obtain loans through the Ghana Card.
Speaking on November 24 at the 57th Congregation of the Kwame Nkrumah University of Science and Technology (KNUST), he said that continuing negotiations with nearby automakers, such as Solar Taxi, are being conducted to support this endeavour.
“The Ghana Card will also become the anchor for a credit system in Ghana, and it will take a couple of car manufacturers in Ghana, notably Solar Taxi, to give cars on credit to people,” asaaseradio.com quoted Bawumia as having said.
He emphasized that people will be able to purchase cars and make payments over time, with the Ghana Card serving as the only need for transactions.
The vice president also revealed intentions to launch a personal credit rating system in 2024.
He stated that the objectives of this system are to give people access to a reliable credit history, improve the financial industry, deal with issues of trust, lower operating costs, and encourage sound financial practices.
“Ghana next year will be introducing a credit scoring system for individuals. Every individual will have a credit score. Right now, our credit scoring system does not exist, so we are seen as risky,” he added.
NKONKONSA.com
