- Government hopes to help open bank accounts for every Ghanaian
- Vice president says this initiative is aimed at improving the economy
The government will in the coming months be exploring ways of ensuring that every Ghanaian youth opens a bank account.
This move, according to the vice president, Dr Mahamadu Bawumia, will complement government's digitization agenda which is being championed to ensure efficiency.
Worrying reports by the Bank of Ghana indicate that over 70 percent of Ghanaians do not have bank accounts. But this development, to a large extent, can be linked to the increase in mobile money in the country.
The vice president reveals that even though a lot of Ghanaians do not have bank accounts, there remain innovative ways for the government to step in and close the gap.
Speaking at the launch of the 2017 innovation week at the Kofi Annan India Center in Accra, Dr Bawumia assured that with such accounts, Ghana's economy has the potential of expanding.
YEN.com.gh is building a platform where Ghanaians can share local news and own experiences with each other.
Witnessing an incident? Want to tell about a local problem? Know someone who is extremely talented and needs recognition?
Your stories and photos are always welcome. Message us on Facebook now.