The imaginative and prescient of a credit-friendly economic system in Ghana is being realised thru virtual inventions championed by means of former Vice President Dr Mahamudu Bawumia, as corporations like Star Oil Ghana introduce tech-enabled products and services permitting drivers to buy gasoline on credits.

Speaking at the doable affect of a credit-led economic system, a supply as regards to financial coverage research highlighted that “expanding access to credit is not just about convenience, it is about unlocking opportunity, improving the quality of life for millions, and stimulating sustainable economic growth.”

The Star Oil initiative, introduced lately, makes use of the Ghana Card, the National Identification Authority (NIA) Face ID machine, and the myCreditScore platform to permit drivers to shop for gasoline on credits and pay later by means of their cell cash accounts. The procedure is seamless: identification verification, credits scoring, and automatic pockets bills make certain potency whilst lowering the monetary pressure on on a regular basis commuters.

“This is not an abstract promise; it is a functioning, tech-enabled service improving everyday lives,” the supply stated, noting that the infrastructure enabling such finance was once constructed below Dr Bawumia’s growth milestone, together with the nationwide virtual ID machine, virtual deal with machine, and interoperable cell cash community.

By linking credits get right of entry to without delay to virtual identification and cell fee methods, the initiative is a sensible instance of ways a powerful virtual economic system can empower voters, build up buying energy, and stimulate call for for items and products and services.

Analysts say such call for additional helps native marketers and strengthens nationwide financial income.

“This entire process—identity verification, credit scoring, interoperability, and automated payments—is made possible because the digital rails already exist. Rails that were designed, constructed, and operationalised under Dr Bawumia’s leadership,” the supply added.

Observers consider that the software solutions of Star Oil’s scheme demonstrates the potential for revenue a complete credit-led nationwide financial time table in Ghana, highlighting the advantages of virtual infrastructure in remodeling on a regular basis monetary interactions.

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DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by means of Readers and Contributors in this platform don’t essentially constitute the perspectives or coverage of Multimedia Group Limited.