The Vice President of Ghana Dr. Mahamudu Bawumia says the government will launch a Universal QR Code in December to leverage on digital technology for electronic payment.
He said the QR Code would allow businesses and traders to undertake electronic transactions without Point of Sale devices.
Vice President Bawumia announced this at the third Chamber Business Awards organized by the Ghana National Chamber of Commerce and Industry in Accra over the weekend, next month, Ghana will launch the Universal QR Code which will just leverage on the technology that we have built for electronic payments.
Essentially, all businesses and traders will no longer need Point of Sale (PoS) devices, but rather, their mobile phones will be sufficient for them to receive and make electronic payment transactions,” he explained.
He noted that Singapore, China, and the United Kingdom had already launched the Universal QR Codes last year, therefore Ghana would become the first country in Africa to do so.
Vice President Bawumia said the government’s vision of digitizing the Ghanaian economy to make it globally competitive. He noted that data was the “new oil” in the Fourth Industrial Revolution, which enabled the government and businesses to take the right decision.
Government’s paperless systems agenda, although it’s great that the government wants to push for a cashless society, my question is do we have the right infrastructure and policies to make it work? Who knows since we don’t know all the details, so it’s hard to break it down. we would keep our fingers crossed and wait to see want happens.