Flagbearer of the National Democratic Congress (NDC), John Mahama, has revealed plans to shift all government institutions to a cashless system by 2028 if he is elected in the upcoming elections.
He mentioned that while the Electricity Company of Ghana (ECG) has already implemented a cashless system, this initiative will also be expanded to other government agencies and certain private institutions.
Mr. Mahama aims to eliminate cash payments for goods and services, encouraging the use of electronic payment methods such as mobile money.
“We want to phase out cash as a form of all payments by 2028 and so for any payment that you have to do, for any service that has to do with the public sector and some to do with the private sector, by 2028, we will no longer receive cash.”
“So in the hospital and other places, you would have to use your mobile money to pay, electronic forms of payments,” he said.
A few months ago, the NDC flagbearer pledged to establish a 24-hour economy to accelerate the country’s development.
He believes that this 24-hour system will help achieve his vision of revitalizing the struggling economy, maximizing productivity and efficiency, and ultimately creating a dynamic and vibrant environment that benefits both workers and businesses.