Tag: Dr. Bawumia
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Local businesses to be given legal entity identifier to boost participation in global transactions – Bawumia
During the opening session of the 53rd General Assembly meeting of the World Trade Centers Association (WTCA) in Accra, Vice President Dr. Mahamudu Bawumia announced that Ghana is set to introduce a global legal entity identifier, which will boost the participation of local businesses in global transactions. The legal entity identifier is a unique reference…
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Dr. Bawumia calls for stakeholder collaboration to improve intra-African payment systems
Vice President, Dr. Mahamudu Bawumia has charged Central Bank governors across Africa to facilitate collaboration amongst key stakeholders to help with the integration of payment systems on the continent. According to the World Economic Forum, payments which have always been the lifeblood of trade will be key for intra-African trade, which covers 55 countries with…
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GTA’s IGF quadrupled after digitization of its revenue system – Bawumia
Vice President Dr. Mahamudu Bawumia says digitizing revenue collection at the Ghana Tourism Authority, saved the Agency four times the revenue it ordinarily makes. Speaking at the 12th and last edition of the Nation Builders Update at Cedi Conference Centre at the Department of Economics, Legon, the Vice President informed Ghanaians that most state agencies…
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Next NPP government will implement remote sensing technology to check power theft – Bawumia
The act of stealing electricity through illegal connections will come to an end following a new system which will be put in place by a New Patriotic Party (NPP) government should it be allowed to remain in power for another term. This promise was made by the Vice President, Dr. Mahamudu Bawumia at the official…
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80 warehouses built, others ongoing to support farmers – Bawumia
As part of efforts to better the agricultural sector, the government has so far built about 80 warehouses across the country to enable proper food storage. This, according to the Vice President, Dr. Mahamudu Bawumia, forms part of the government’s promise of building a warehouse in each district in Ghana. Many farmers, over time, have…
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Deposit Protection Scheme will restore confidence in financial sector—Dr. Bawumia
The Vice President, Dr. Mahamudu Bawumia, is optimistic the setting up of the Ghana Deposit Protection Scheme will enhance confidence in the financial sector. He explained that the passage of the Deposit Protection scheme, which will be implemented by the Ghana Deposit Protection Corporation, will also reform the financial sector since there are strict guidelines…
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Gov’t to outdoor action policy to protect Ghana in awarding petroleum contracts
The Vice President Dr. Mahamudu Bawumia has reiterated government’s commitment to introduce policies that will protect Ghana’s oil and gas industry to benefit Ghanaians. The vice president was hopeful an action policy will soon be announced by the regulator—the Petroleum Commission to protect the country’s interest when giving out oil blocks to multinational companies. Speaking…
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Digitization of state agencies improving revenue collection—Dr. Bawumia
The Vice President Dr. Mahamudu Bawumia has announced that the digital initiatives undertaken by the government is beginning to yield results. Dr. Bawumia disclosed that some state institutions that were migrated to digital platforms are recording improvements in revenue collection. The Ports, Lands Commission, Ministry of Tourism and the Passport Office are a few state…
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National ID cards to be issued in January 2018
The National Identification Authority (NIA) should be issuing the National ID cards from January 2018, barring any last minute hitch. This is the indication from the Office of the Vice President, Dr. Mahamudu Bawumia. The move will however depend on the maturity of the Legislative Instrument (LI) on the policy currently before Parliament. Speaking on…
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Govt misses 2017 deadline for financial inclusion
Government has failed to meet its deadline for its key policies aimed at ensuring financial inclusion. The three; mobile money interoperability, national Identification system and Digital address system were key upon assumption of office of the NPP administration. But after chalking a year into their administration, the government has announced that it has postponed the…