Ghana’s economic growth is now fueled by digitalisation; let’s commend Bawumia – Gideon Boako

Member of Parliament for Tano North, Dr Gideon Boako, has highlighted the transformative impact of digitalisation on Ghana’s economy, calling for recognition of former Vice President Dr Mahamudu Bawumia’s role in championing this shift.
Speaking during the debate on the 2025 budget statement, Dr Boako emphasised that for the first time, Ghana’s economic growth has been significantly driven by digitalisation rather than traditional sectors such as cocoa, gold, and oil.
Dr Boako recounted how Ghana’s economy had long relied on these natural resources, with little success in diversifying beyond them.
“Mr Speaker, throughout my formative years, I was taught that the backbone of Ghana’s economy was cocoa, gold, and later oil. For years, we struggled to find a way to properly diversify beyond these resources,” he stated.
However, he noted that recent economic data from the Government Statistical Service (GSS) had revealed a remarkable shift.
According to Dr Boako, GSS reports indicate that in 2024, Ghana’s economy grew by a record 1.2 trillion cedis in nominal terms.
“For the first time, the massive growth recorded in 2024 did not come from cocoa, gold, or oil but was driven by data and SMS transactions—that is, digitalisation,” he explained.
He stressed that this milestone marked a new era in Ghana’s economic development, with technology and digital services becoming a major driver of growth.
Dr Boako credited the digital transformation to the efforts of the previous government, particularly Dr Mahamudu Bawumia, who played a leading role in advancing Ghana’s digital agenda.
“Mr Speaker, digitalisation efforts championed by the former Vice President over the last eight years have significantly contributed to this economic growth, and he must be commended,” he stated.
Source: Classfmonline.com/Cecil Mensah
Trending News
NPP receives report on 2024 election defeat from Oquaye committee
12:21Energy sector fiscal risks remain, but we’ve moved to contain them - Finance Minister Ato Forson
12:53Impacting lives important than driving expensive cars – Seidu Agongo asks, ‘Who remembers what cars Nkrumah, J.J. drove?’
12:17MoH reduces application form fees for nursing training institutions
12:06Ghana to host launch of ECOWAS 50th anniversary celebration
11:52Amoako Baah breaks away to form 'New Patriotic Front'
11:36Education Minister makes a case for restoration of Ghana's true political history
11:43NALAG President commends Zoomlion CEO for outstanding contribution to sanitation and local development
10:07E/R: Kwahu South health directorate rolls out comprehensive health services for Easter festivities
11:35“GHS 300m can build a pad factory” – MP criticizes gov't’s sanitary pad procurement plan
09:47