Former Vice President of Ghana, Dr. Mahamudu Bawumia, has underscored the crucial role of the digital economy in Africa's development, emphasizing that technological innovation is the key to unlocking prosperity and employment opportunities across the continent.

0

Speaking at Harvard University on Saturday, February 15, Dr. Bawumia stated that digitalisation is no longer an option but a necessity for Africa’s economic transformation. He stressed that the continent must embrace the digital revolution to avoid being left behind in the Fourth Industrial Revolution, as was the case with previous industrial advancements.

1

"We are in the midst of a global digital revolution," he asserted. "Artificial intelligence, big data, cloud computing, and the Internet of Things are not just buzzwords; they are reshaping our world."

2

Dr. Bawumia highlighted Ghana’s digital transformation over the past eight years, citing significant progress in financial inclusion, healthcare, agriculture, and public service delivery. According to him, digitalisation is essential for addressing long-standing structural challenges and enhancing efficiency in governance.

3

"Our focus is on digital technology that can solve our problems," he explained. "We are not looking to have driverless cars or humanoid robots at this stage. We want technology that can improve access to credit, enhance public service efficiency, and boost economic opportunities."

4

One of Ghana’s major digital achievements, he noted, is financial inclusion through mobile money interoperability.

5

"When we assumed office in 2017, 70% of Ghanaians had no bank accounts," he revealed. "However, with mobile money interoperability, we have extended financial services to over 90% of adults, making Ghana the only country in Africa with 100% access to financial inclusion."

6

This, he explained, has enabled businesses to grow without relying on physical infrastructure, creating a more inclusive and transparent financial ecosystem.

7

Beyond financial services, Dr. Bawumia pointed to the transformative impact of digitalisation on governance, agriculture, and healthcare. The introduction of the Citizens App and the integration of government databases, he said, have significantly improved public service efficiency. In agriculture, the digitisation of farms and farmer databases has enhanced productivity and ensured better traceability of produce.

8

"Ghana is the only cocoa-producing country in the world with a fully digitised cocoa management system," he noted.

9

He also highlighted Ghana’s leadership in medical innovation, stating that the country operates the largest medical drone delivery service globally, ensuring access to essential healthcare supplies in remote areas.

10

Concluding his address, Dr. Bawumia called for greater investment and collaboration among governments, businesses, and educational institutions to build a strong digital economy for Africa.

11

"The digital economy holds the key to unlocking Africa’s vast potential and creating jobs for the youth," he said. "By working together, we can build a future where every African has the opportunity to thrive and contribute to a brighter tomorrow."

12

He urged African leaders to act boldly and strategically in leveraging digital technology to drive economic growth and social development.

13