Nations that fail to digitalize may lag behind in the growing global digital revolution -Bawumia

Vice President Dr Mahamudu Bawumia has underscored the significance associated with digitalization of economies internationally revealing that those that fall short in this regard will become uncompetitive within the emerging global digital trend. Speaking at Ashesi College in the Eastern Region upon Ghana’s digitization drive beneath the theme “Transforming an economic climate through digitalization: The Ghana story”, the head of the nation Economic Management Team observed that Forum’s Global Info Report estimates that “an increase of 10% inside a country’s digitalization score energy sources a 0. 75% development in GDP per capita”. “It is therefore obvious that going forward, countries that will fail to digitalize their financial systems are likely to be uncompetitive in the rising global digital revolution”, this individual revealed. According to him, the particular President Nana Addo Dankwa Akufo- Addo’s government is targeted on pursuing digitalization included in our economic strategy putting an emphasis on that “because the Fourth Commercial Revolution is upon all of us and we must be part of the contemporary world. Also, there is a increasing body of empirical proof that illustrates the capacity associated with digital technology to create careers, significantly boost productivity, raise income and support prosperity creation”. To this end, this individual stated that there is a have to transform Ghana’s economy by means of digitalization because “it is essential that we highlight the important nature of digitizing the particular economy and how it underpins the reforms that the citizenry expect of government. We are able to only build a vibrant contemporary nation if we have solid systems and institutions that will work”Source: MyNewsGh. com/2021
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