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Business News of Wednesday, 24 November 2021

Source: business24.com.gh

Bawumia calls for prudent use of resources by state enterprises

Vice President, Dr. Mahamudu Bawumia Vice President, Dr. Mahamudu Bawumia

Vice President, Dr. Mahamudu Bawumia, has urged heads of state agencies to adopt a more efficient use of public resources in order to maximise the value of what has been entrusted to them.

Speaking at the closing ceremony of a retreat for board chairpersons, heads and deputy heads of government institutions at Nkwatia-Kwahu, Dr. Bawumia told the heads of state institutions that state agencies have crucial roles to play if Ghana’s quest for less reliance on foreign support is to be achieved, hence the need for them to adopt innovative ways of transforming their respective agencies for the benefit of all Ghanaians.

“As heads of institutions, we have a responsibility to constantly represent the Ghanaian people in a transparent and accountable manner,” Dr. Bawumia said.

“It is our responsibility to always maximise the value of what has been entrusted to us for the benefit of everybody.”

Ghana Beyond Aid

Ghana Beyond Aid, the Vice President noted, is a long-term project, which requires enormous resources from both the public and commercial sectors, in keeping with the goal of becoming less reliant on the charity of external donors.

Stressing the significant roles the public sector, in particular, is expected to play towards driving Ghana closer to the vision of Ghana Beyond Aid, he urged the heads of institutions to “harness and use the country’s own resources to transform the economy effectively and efficiently for a rapid, but a sustainable growth path.”

“Ladies and gentlemen, to reform our specified entities in realising a Ghana Beyond Aid, heads of institutions need to be more professional and transparent in their approach to public investments, as well as greater efficiency in the use of all public resources...It necessitates a shift in thought and attitude so that we can begin to do things differently—smarter, more efficiently and effectively, and with a greater feeling of patriotism and civic responsibility.”

Building technological capabilities

The Vice President also implored the heads of state institutions to uplift the technological capabilities of their respective organisations, in line with government’s digitisation agenda, in order to boost their operations for the benefit of Ghanaians and also to contribute effectively towards the economic transformation of the country.

“To achieve the vision of Ghana Beyond Aid in the shortest possible time, we need to improve our technology capabilities,” Dr. Bawumia said.

“According to Alexis Ohanian, you needed to open a factory to participate in the industrial revolution; this time around, you only need to open a laptop to participate in the internet revolution. There is a global paradigm shift, and we must not be left behind in this 4th Industrial Revolution,” he added.

“This has been my primary inspiration for the digitisation agenda; that is, to apply technological innovation to transform the ways and means by which we engage in our everyday production and exchange of economic activities. Whether at home, at our offices, farm and factory, whether it is person to person, person to business, business to business, or person and business to government, transparency and efficiency are our watchwords."

“Our economic transformation can best be aided by digital transformation to overcome some of our development challenges."

“For example, our use of drone technology in the delivery of medical supplies has helped us to overcome many challenges in the delivery of health care services to the people who live far in the rural areas and far from urban centres.

“We save lives, provide more efficient management and distribution of critical medical supplies and gain more equitable access to the health care system. When we apply technological innovations to the passport office, to DVLA, to the distribution of pre-mix fuel and fertilizers, we are improving on our production and service delivery capabilities to transform the economy."

“That is why as heads of public institutions we take this opportunity to implore each one of you to join us in this transformation. Somewhere in your organisation, somewhere in your production and delivery of services for a fee, technological innovation and digital transformation procedures can lift the performance of your organisation, or help the organisation overcome the obstacles we have faced for several years. It is all in innovations of processes, procedures and data management.”

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