Flagbearer of the New Patriotic Party (NPP), Dr. Mahamudu Bawumia, has responded to critiques regarding his plan to introduce a credit scoring system in Ghana.

He explained that the proposed system is intended to allow individuals to purchase goods on credit, thereby improving financial accessibility for many Ghanaians.

In a Facebook post, Dr. Bawumia emphasized the country's recent advancements, including the issuance of the Ghana Card, the integration of various databases, and the expansion of financial inclusion through mobile money interoperability.

He argued that these developments have created a conducive environment for the successful implementation of a credit scoring system.

"Among many benefits, the operation of a credit scoring system will make it easier for the ordinary Ghanaian to purchase essentials such as cars, and mobile phones, and obtain loans at lower interest rates," Dr. Bawumia stated.

He further noted that in most advanced nations, mobile phones are often available for free from telecom companies with a two or three-year contract, contingent on one's credit score.

Dr. Bawumia criticized his critics, stating, "Unfortunately, my opponents always think in terms of impossibilities and criticize without knowledge."

Earlier this year, Dr. Mahamudu Bawumia introduced the proposal for a personalized credit scoring system in Ghana during his initial policy address.

Since then, he has elaborated on its potential benefits during his campaign tours, suggesting methods like purchasing mobile phones on credit from telecom companies and paying in installments through the credit scoring system.

However, the opposition National Democratic Congress (NDC) has expressed skepticism about the proposal's feasibility and impact. They have questioned its practicality and downplayed its potential benefits.