Ace Kumawood actor Kwaku Manu has raised concerns about the timing of the New Patriotic Party’s flagbearer’s proposal to implement a credit rating system in Ghana.
Speaking on UTV’s United Showbiz program, Manu acknowledged the potential benefits of such a system but emphasized that the country faces more urgent issues.
Manu argued that improving employment and wages should take precedence.
He pointed out that without jobs, Ghanaians cannot build the positive credit histories needed to benefit from a credit system.
“Jobs are more important than a credit scoring system because if you are unemployed, you can’t generate positive credit ratings to borrow things. Elsewhere, for you to get a credit card, you must be gainfully employed. Your wealth status determines the limit of your credit rating,” he said.
Manu also highlighted the disparity between employed and unemployed individuals in Ghana, noting that more graduates are without jobs than with them.
He added that the high cost of living puts many people in debt, urging the government to address these issues for the overall benefit of the populace.
“Among many benefits, the operation of a credit scoring system will make it easier for the ordinary Ghanaian to purchase essentials such as cars and mobile phones, and obtain loans at lower interest rates,” Dr. Bawumia stated.
Dr. Bawumia, who is campaigning to become Ghana’s president, has made the credit scoring system a key promise.
In a Facebook post, he outlined the country’s progress, including the issuance of the Ghana Card, database integration, and enhanced financial inclusion through mobile money interoperability.
Dr. Bawumia argued that these advancements pave the way for a credit scoring system, which would help Ghanaians purchase essentials and secure loans at lower interest rates.