Dear Governor,
EVOLUTION FROM BARTER TRADE TO CASH TRADE TO PAPERLESS SYSTEM OF TRANSACTION; THE POWER OF DYNAMISM.
I write to you with enormous respect and kind reverence for your impressive and spirited impact on the economy since you assumed office as Governor of the Bank of Ghana 🇬🇭. The stabilisation of the cedi against its major trading partners, among other positive gains, remains enviable and commendable.
It is trite that the world is moving at a Usain pace, and Ghana is not in isolation. Change is a PROJECT; it is not an EVENT. The odds must be demystified, the shackles and chains of corruption must be irredeemably broken, and the state’s resources must be jealously protected and utilised for the prime benefit of the nation’s cause.
In our resolve to combat corruption, which has become pervasive in public discourse, I humbly suggest the following for possible consideration:
- A cashless or paperless transaction system where state agencies and ministries shall outlaw the use of fiscal cash in their operational scope. Government functionaries must only see physical cash when they are withdrawing their salaries from their bank accounts.
- There is the need for a centralised database system encompassing all government workers, operated in such a way that ghost names, retirees, absconded staff, and invisible staff are not captured on payrolls and paid as such. This data must be interconnected with the National Identification Authority and the Births and Deaths Registry, and updated periodically in order to sanitise government payroll systems.
- There is the need to harmonise all government pay structures into a sophisticated platform by eliminating undue duplication and crossed payments. The Bank of Ghana, the Ghana Revenue Authority, the Fair Wages and Salaries Commission, and the Public Procurement Authority must run on a single-built database that speaks one language.
- The digitalisation agenda pursued by the erstwhile government must be celebrated, enhanced, and held in high esteem as a global model to reckon with. Everything must be operated through a modern, sophisticated digital centralised system.
- Again, there must be an effective and efficient seamless forensic auditing system that operates with formidable data. The traditional auditing system is outdated.
- There is the urgent need to crack the whip on betting games, which have become pervasive.
These suggestions, in my candid opinion, will not only help in the corruption elimination pursuit and the building of a vibrant and robust economy, but will also upscale investor confidence and promote possible job creation.
Sir, I trust this humble piece finds your favourable attention as we seek to contribute meaningfully to our nation’s discourse.
I sincerely salute you for your attention. Thank you endlessly.
Sincerely yours,
………………..
Nana Kweku Ofori Atta
Security Analyst & Consultant
