Former Vice President of Ghana, Dr Mahamudu Bawumia, has congratulated Star Oil Ghana Limited for buying into his idea, which was massively rejected by the Ghanaian people.
According to him, although skeptics did not see it as possible when he launched the initiative, a credit economy is so vital in making life a lot less stressful for many people in advanced economies.
He explained that Ghana has already laid the critical foundational pillars to underpin an efficient credit economy using the Ghanacard as an anchor, and supported by pillars such as the digital address system, the interoperable mobile money payment system, and the individualized credit scoring system.
The former vice president said he’s looking forward to other OMCs replicating what Star Oil has introduced.
Read His Statement Below
I congratulate StarOil Ghana Ltd, and its bold and visionary CEO, for launching their Fuel Now, Pay Later scheme today, which makes it possible for Ghanaians, especially drivers, to be able to buy fuel on credit using their Ghanacard through the individualised credit scoring system.
When I launched this initiative last year, many skeptics did not see it as possible.
A credit economy is so vital in making life a lot less stressful for many people in advanced economies. Thankfully, in Ghana we have put in place the critical foundational pillars to underpin an efficient credit economy using the Ghanacard as an anchor, and supported by pillars such as the digital address system, our interoperable mobile money payment system, and the individualized credit scoring system.
I look forward to other OMCs and businesses embracing the individualised credit scoring system to give Ghanaian workers the much-needed option of buying goods and services on credit and paying for them with ease through their Ghanacard and credit score as Star Oil Ghana has done.
Ayekoo to Star Oil Ghana !!!
