In a groundbreaking announcement aimed at revolutionizing access to transportation and boosting economic growth, Vice President Dr. Mahamudu Bawumia has revealed plans to introduce a pioneering initiative that will allow Ghanaians to purchase cars on credit using their Ghana Card.
Addressing a gathering of stakeholders and government officials at a press conference in Accra, Dr. Bawumia outlined the details of the ambitious program, emphasizing its potential to transform the automotive industry and enhance mobility for citizens across the nation.
Under the scheme, individuals holding a valid Ghana Card will have the opportunity to apply for financing to acquire vehicles, with repayment options tailored to suit various income levels and financial circumstances. The initiative aims to address the affordability barrier that often prevents many Ghanaians from owning cars outright, thereby expanding access to reliable transportation and stimulating economic activity.
Dr. Bawumia underscored the significance of leveraging digital identity infrastructure, such as the Ghana Card, to facilitate seamless and secure transactions, noting that the integration of biometric data and digital platforms will streamline the application process and mitigate risks associated with traditional lending practices.
“This initiative represents a paradigm shift in how we approach consumer financing, leveraging technology to empower individuals and unlock economic opportunities,” remarked Dr. Bawumia, highlighting the government’s commitment to promoting financial inclusion and fostering a thriving automotive ecosystem.
The announcement has garnered widespread acclaim from industry experts, policymakers, and ordinary citizens alike, who recognize the potential of the initiative to spur economic growth, create jobs, and improve living standards nationwide.
In addition to providing affordable access to vehicles, the program is expected to stimulate demand for locally assembled cars, bolstering the domestic automotive industry and supporting local manufacturers and dealerships.
As preparations for the implementation of the scheme gather pace, Dr. Bawumia urged stakeholders to collaborate closely with the government to ensure its successful rollout and maximize its impact on the lives of Ghanaians.
With the introduction of this innovative initiative, Dr. Bawumia reaffirms his commitment to leveraging technology and innovative solutions to address pressing societal challenges, laying the foundation for a more inclusive and prosperous future for all citizens.
story filed by: Nana Kwaku Duah
