The government of Ghana has signed a Memorandum of Understanding (MoU) with the International Business Machines Corporation (IBM) to support the Ministry of Lands and Natural Resources to use cutting-edge technology for efficient service delivery in the land sector.
The MoU, would witness IBM engineers and technicians supporting public institutions in Ghana to apply blockchain technology in port logistics, improve transparency, information sharing and reduce fraud.
Blockchain technology is a digital ledger in which transactions are recorded chronological and publicly. This technology ensures transparency and authenticity in transactions.
Vice President Dr Mahamudu Bawumia and United States Secretary of Commerce, Ambassador Wilbur Ross witnessed the official signing of the MoU at the Accra Marriot Hotel during the Ghana-US Business Forum on Thursday.
Mr John Peter Amewu, the Minister of lands and Natural Resources initialed for the Government of Ghana, while Madam Angela Kyerematen-Jimoh, the Country Director of IBM-Ghana, signed on behalf of her company.
Mr Takreem EL-Tahomey, the General Manager of IBM in charge of Middle East and Africa, who witnessed the signing ceremony, said IBM was in talks with the government to ensure a smooth take-off of the Blockchain technology in Ghana.
He said the IBM would collaborate with the Ministry of Lands and Natural Resources to ensure that a White Paper is issued for the implementation plan.
IBM is an American multinational technology company headquartered in Armonk, New York, United States, with operations in over 170 countries.
The Akufo-Addo-led government on assumption of office had adopted technology to overcome information challenges and to build a database as an information ecosystem for economic management.
The government instituted some policy interventions intended to create the fiscal space to implement growth enhancing initiatives and pursued deliberate path of building institutional reforms through digitization and use of electronic platforms.
It rolled-out programmes such as the online business registration, certification and licence renewals, ongoing issuance of the national identification cards, digital address system and establishment of credit referencing bureau with concomitant effects on the cost of credit, mobile money interoperability system to fast-track economic growth.
IBM has demonstrated competence in the field of information technology, banking and services industry.
Latest Stories
-
Ex NYC Governor Andrew Cuomo under investigation for Covid testimony
6 minutes -
OKESS firearm case: Student, stepfather granted GH¢80,000 bail
18 minutes -
Ghana throws open its doors with visa processing slashed to 5 days in dramatic policy reset
32 minutes -
Italy tightens rules for Italian descendants to become citizens
51 minutes -
Trump ambushes S African leader with claim of Afrikaners being ‘persecuted’
1 hour -
Judge says US deportations to South Sudan violate court order
1 hour -
US accepts gifted Qatari plane to join Air Force One fleet
2 hours -
Tottenham beat Man Utd to win Europa League & end 17-year wait for trophy
2 hours -
Clear and strong climate policies are antidote to economic uncertainty – UN Climate Chief
2 hours -
Journalism has become politicised and cheap – KSM laments
2 hours -
Climate Education reaches differently-abled children at Garden City Special School
2 hours -
Mahama’s remarks on Cedi vindicate NPP’s economic legacy – Minority
2 hours -
I lied about having radio experience to get hired – KSM
2 hours -
NLC direct University Senior Staff Association to call off strike
2 hours -
Shelters in crisis: Calls grow for gov’t support as caregivers struggle to protect vulnerable children
2 hours