
Audio By Carbonatix
Vice President Dr. Mahamudu Bawumia has expressed surprise at those who believe digitalisation has no connection to the economy.
On Wednesday, in Accra, at the launch of GoRide, a new digital platform for Ghanaian drivers nationwide, Dr. Bawumia questioned how anyone with an understanding of global trends could overlook the role of digitalisation in a modern economy.
In a statement that many believe was directed at former president Mahama—who has criticised Bawumia’s focus on digitalisation over economic issues—Bawumia outlined how digital tools are reshaping modern economies and warned that nations failing to embrace the Fourth Industrial Revolution risk falling behind.
"Sometimes people don’t quite understand what we’re doing. They say, ‘Oh, the Vice President is launching an app… what does that have to do with the economy?’" Dr. Bawumia remarked.
"Consider a company like Uber, which is just an app for ride-hailing. What is Uber’s value? As of yesterday, its value was $163 billion," he noted. "What is Ghana’s total GDP—the value of our entire economy? It’s $75 billion. Uber alone is worth $163 billion, more than twice the value of Ghana’s economy. In this Fourth Industrial Revolution, understanding the link between digitalisation and the economy is essential," Dr. Bawumia emphasised.
"Take Microsoft, which builds software. As of yesterday, its value was $3 trillion—40 times the size of Ghana’s economy. If we don’t join the digital revolution, we’ll be left behind. This is the direction the world is moving in."
"Apple is valued at $3.5 trillion—46 times Ghana’s total economy. Even Airbnb, an app, is worth $85 billion, which exceeds Ghana’s economy," he added.
Dr. Bawumia emphasised that implementing digital infrastructures—such as the digital national identity system, national addressing system, and interoperable payment systems—are crucial steps to prepare Ghana for the global digital revolution, which has also spurred the creation of local applications.
"As we enter the Fourth Industrial Revolution, we must choose: Will we be developers of these apps, or merely their users?" he asked.
"If we want to empower our local economy and fully participate in the Fourth Industrial Revolution, we must create more of these apps. I’m very proud to have contributed to getting us to this point."
"This is the thinking behind initiatives like the Ghanacard, mobile money interoperability, the digital address system, Ghana.gov, and e-health. We must ensure Ghana is not left behind in the digital revolution and work toward greater local empowerment in this space," he concluded.
Latest Stories
-
The Law to examine defamation suits against journalists
8 minutes -
4-year-old boy swept away by river in Ga South
11 minutes -
GHS distributes mosquito nets to schoolchildren, targets 1.5 million children under SMC
38 minutes -
No injuries recorded after fire at Tema Free Zones warehouse — Melcom
1 hour -
Development studies is not a “degree to nowhere”—it’s the blueprint for nation-building
2 hours -
President Mahama celebrates US on 250th Independence anniversary, reaffirms strong Ghana-US ties
2 hours -
Australia appoints Keara Shaw as High Commissioner to Ghana
2 hours -
Zuma showing South Africa ‘middle finger’ by meeting Gupta brother – Minister
2 hours -
Ibrahim Mahama moves to support young AI developer Naamgwinaa Samuel
3 hours -
Evacuations in Guam as super typhoon Bavi approaches
4 hours -
Unbeaten in 34 matches – why Morocco are World Cup contenders
4 hours -
Former NAFCO CEO’s lawyers move to cite AG for contempt over airport arrest
4 hours -
Moment of destiny for France’s Le Pen in verdict to decide her future in presidential race
4 hours -
Chinese underground church figure Jin Mingri freed from prison
4 hours -
Flood mitigation: PRINPAG urges urban planning reforms, attitudinal change
5 hours