Dr. Mahamudu Bawumia, the flagbearer of the New Patriotic Party (NPP), has critiqued the opposition National Democratic Congress (NDC) for their skepticism and perceived lack of understanding regarding his proposed national individualized credit scoring system. This initiative, aimed at enabling Ghanaians to purchase goods, such as mobile phones, on credit and pay in installments based on their credit scores, has been met with ridicule from NDC communicators who doubt its feasibility.
During a campaign tour in Hamile, Dr. Bawumia addressed the NDC’s criticisms, highlighting their negative mindset towards new policies. He emphasized that similar credit systems are commonplace in developed countries, allowing workers to purchase items on credit and pay in manageable installments.
“When we propose something, they always say it is not possible. But it is possible,” Dr. Bawumia stated. “In developed countries like the UK, Germany, Japan, and the United States, workers buy most things on credit. You buy a fridge, a television, a car, or a mobile phone, and you pay in small installments. But in Ghana, you have to pay everything upfront. It is time for Ghana to introduce a credit scoring system that allows our workers to pay in installments.”
Dr. Bawumia expressed confidence in the viability of the proposed system, criticizing the NDC for their inability to understand its potential benefits. “When I mentioned this, they couldn’t grasp it. They don’t understand these concepts, but we are going to implement it. You will be able to buy your mobile phone and pay in small installments until it is fully paid off.”
He also predicted that the NDC would eventually claim credit for the policy once it proves successful, drawing a parallel to their stance on the Free Senior High School education program. “What I can assure you is that very soon, when the system starts working, the NDC will start to claim that they introduced it. Just as they are now claiming they introduced Free Senior High School education.”
Dr. Bawumia reiterated his commitment to bringing the credit scoring system to Ghana, ensuring that citizens can benefit from accessible credit for essential goods. “We are bringing this system so that our people can get good credit terms for goods and pay in small installments,” he affirmed.
Source: GhanaFeed.Com