'Nobody should create the impression that a credit score system is some magic wand' – Dr. Abbey

Read Article

Comments (88)

This article is closed for comments.

Read Comments Comments (88)

Sarah 1 year ago

Mumumadu Bawumia said he was the one who brought computer to Ghana. Liar

Mumumadu Bawumia said he was the one who brought computer to Ghana. Liar
Nana 1 year ago

This Randy Abbey guy is Empty Headed that is why Accra Aca don't even recognise him as their own.Dr Mahamudu Bawumia did not say every Ghanaian will be Credit Rated,what he meant was he will start from the working class(both ...
read full comment

This Randy Abbey guy is Empty Headed that is why Accra Aca don't even recognise him as their own.Dr Mahamudu Bawumia did not say every Ghanaian will be Credit Rated,what he meant was he will start from the working class(both formal and informal).We don't do such economic exercise on a massive scale,we start by doing feasibility test with a portion of the society,gradually when it picks up you open the channel for those who are interested.USA & UK don't have everybody on the Credit score for various reasons.Criminals,those who have abused it,those who don't want to work etc etc are all excluded.
Dr Mumbi Seraki 1 year ago

Hello youth of Ghana. You can take your own life with medicine. For instance 10 paracetamol at once.....or combine medicine and akpeteshie or weedicide.

Hello youth of Ghana. You can take your own life with medicine. For instance 10 paracetamol at once.....or combine medicine and akpeteshie or weedicide.
Divine Ninja Of America 1 year ago

A credit system is what citizen of poor nations with less employment need, because people want to do something to earn income but have no capital. It will help people become financially discipline to some extent, because, onc ...
read full comment

A credit system is what citizen of poor nations with less employment need, because people want to do something to earn income but have no capital. It will help people become financially discipline to some extent, because, once you abuse your credit, you will struggle with many financially related needs, unless you have money yourself to do anything bigger than your income.
Divine Ninja Of America 1 year ago

Bawumia is very smart to even think about that as one of his policies. These are some of the things that put him very far above his competitor John Mahama who is a corrupt visionless selfish greedy with first chance already a ...
read full comment

Bawumia is very smart to even think about that as one of his policies. These are some of the things that put him very far above his competitor John Mahama who is a corrupt visionless selfish greedy with first chance already abused and still wants power to steal more as if the presidency belongs to his family or mandatory 8 years for everyone.
Divine Ninja Of America 1 year ago

If you implement a credit system, start commodity manufacturing to create jobs or cut down imports and also replace all political appointments with election by public or stakeholders in each sector, Ghana will surely develop ...
read full comment

If you implement a credit system, start commodity manufacturing to create jobs or cut down imports and also replace all political appointments with election by public or stakeholders in each sector, Ghana will surely develop by national PRIDE (Patriotism, Readiness, Intelligence, Discipline and Efficiency). Economic development is nothing superficial but common sense which most of my people in Africa have not proven to have but chosen to live in poverty and complain, despite all the numerous resources that God has granted them; Natural resources and human resources. It is pathetic that the people of Africa are perishing for lack of knowledge as in Hosea 4:6 of the Bible which is always truthful and practical in our daily lives.
Divine Ninja Of America 1 year ago

Most people have skills, time or desire to work but live in poverty and struggles. There are reasons why these happen and the reasons mostly include; foolishness, greed, selfishness, stupidity, corruption, pretense, hypocrisy ...
read full comment

Most people have skills, time or desire to work but live in poverty and struggles. There are reasons why these happen and the reasons mostly include; foolishness, greed, selfishness, stupidity, corruption, pretense, hypocrisy, barriers, lies, deception and abuses etc., created by people in authority or those who gets the chance to be in authority through appointments. This is why political appointments must end for any good persons to also have the chance by competition to serve in government or high authority as genuine democracy rather political appointments that breeds; incompetence, corruption and bribery etc., with an end-results of slavery, poverty and hardship. Until political appointments are ended, Ghana will never develop, Africa will not develop as continent and most other nations worldwide will remain poor. Also, with political appointments, racism and crimes will never end in the United States. I speak as a prophet and my name is prophet professor Prince Awuah David, alias Divine Ninja of America who solves complex problems by words of divine authority from God who protect America, Ghana and the entire world we all live in.
mr amin 1 year ago

You can't create jobs unless our purchasing power is good when people are able to patronize goods and services that's where you can jobs but it stands the cedi is weak no jobs can be created, job creation is demand driven jus ...
read full comment

You can't create jobs unless our purchasing power is good when people are able to patronize goods and services that's where you can jobs but it stands the cedi is weak no jobs can be created, job creation is demand driven just like the 24hr economy
Adukwei 1 year ago

If you are not a pathetic fool, then, I don't know what else you are.

Having been the non-performing Vice President for almost 8 years, and having malfunctioned as the head of government's Economic Management Team, what p ...
read full comment

If you are not a pathetic fool, then, I don't know what else you are.

Having been the non-performing Vice President for almost 8 years, and having malfunctioned as the head of government's Economic Management Team, what prevented Bawumia from getting this bogus credit rating system adopted and implemented?

And still being the Vice President, what prevents him from getting the comatose NPP administration to introduce this measure (even on trial basis)?

Indeed, desperate people do desperate things... and must be shunned, not put in power.
XYZ 1 year ago

Adukwei or whatever you called yourself , are you saying your John Airbus Mahama performed better as vice president than Dr. Bawumia? Can you please list two things John Airbus Mahama did as a vice president.? Dr Bawumia nev ...
read full comment

Adukwei or whatever you called yourself , are you saying your John Airbus Mahama performed better as vice president than Dr. Bawumia? Can you please list two things John Airbus Mahama did as a vice president.? Dr Bawumia never said credit scores is a new thing since he always make reference to what is happening in the advanced countries. The fact is you need certain things in place before credit scores can be effective eg. your identity, and Ghana Card serve that purpose, and the address system. Unlike the 24 hour economy John Airbus Mahama is telling us is a policy, whilst the needed things are not in place.
J0eY l0nD0N 1 year ago

Silly rat, we are looking for your paymaster daughters for the fake ambulance contracts.

Ofui,our eyes are red waa.

Gaslighting twerps.

Silly rat, we are looking for your paymaster daughters for the fake ambulance contracts.

Ofui,our eyes are red waa.

Gaslighting twerps.
Nii 1 year ago

ADUKWEI needs his brains washed. He needs elevation of the brain because no sensible person would want 3 years of continuous Dumsor back when there was no global crisis

ADUKWEI needs his brains washed. He needs elevation of the brain because no sensible person would want 3 years of continuous Dumsor back when there was no global crisis
GEN 1 year ago

@Nii was it the now government that fixed dumsor? Another, after the former government fixed dumsor, didn't the now government wait for election year and found another excuse to chop money by moving the measures placed by the ...
read full comment

@Nii was it the now government that fixed dumsor? Another, after the former government fixed dumsor, didn't the now government wait for election year and found another excuse to chop money by moving the measures placed by the former government that fixed dumsor for NAPO to get money to campaign
Jahsonwilliams 1 year ago

You are too silly

You are too silly
Agbeko Kulikuli Ede 1 year ago

Kuɛ Nii Abbey kpa kuaan… Despite your Doctorate degree, Mr Abbey don’t know jack shit. A simple technological advancement to make life bearable you sit in the studio and say things you have no insights but just to do po ...
read full comment

Kuɛ Nii Abbey kpa kuaan… Despite your Doctorate degree, Mr Abbey don’t know jack shit. A simple technological advancement to make life bearable you sit in the studio and say things you have no insights but just to do politics and behave like Asiedu Nketia.
Hey 1 year ago

Masa. South Africa has this credit score system. Is not anything extraordinary. Meanwhile we have a credit Bereau. So what is so special about credit score?

Masa. South Africa has this credit score system. Is not anything extraordinary. Meanwhile we have a credit Bereau. So what is so special about credit score?
Laparti kofi 1 year ago

I am surprised Randy Abbey who holds doctorate degree speaking like a serial caller. For your information there are about 10 benefits one can derive from credit scores in economy . 1. Lowers interest rate, 2, It gives better ...
read full comment

I am surprised Randy Abbey who holds doctorate degree speaking like a serial caller. For your information there are about 10 benefits one can derive from credit scores in economy . 1. Lowers interest rate, 2, It gives better loan terms, 3 credit card reward, 4 lowers deposits, 5 Apartment approval, 6 helps in employment screen, 7 lower insurance premium, 8 it can help in business loan, 9 mortgage approval , and 10financial flexibility.
waste if time 1 year ago

Hmmm. These stupid PhDs

Hmmm. These stupid PhDs
Oprege 1 year ago

Dirty NDC Pig with a fake PhD ! Credit score is a measure of how good an individual , institution or a country finances finances is doing so what’s this dude is talking about ?

Dirty NDC Pig with a fake PhD ! Credit score is a measure of how good an individual , institution or a country finances finances is doing so what’s this dude is talking about ?
J0eY l0nD0N 1 year ago

What is the current credit ratings status for Ghana?

You can check it out with the major CRA .

Tell us Mr Multiplex !

And then tell us why amidst such a junkie ratings across all the major CRA , banks will be givi ...
read full comment

What is the current credit ratings status for Ghana?

You can check it out with the major CRA .

Tell us Mr Multiplex !

And then tell us why amidst such a junkie ratings across all the major CRA , banks will be giving out loans into poverty stricken economy.

Anyway tell your Bawumia to implement his policies he is still in power , he should instigate the abolishing of the E-Levy and abolish it today not tomorrow.

Only foolish man or woman who will believe this dangerous liar.

Say cheese.
Jahsonwilliams 1 year ago

Fool does it mean banks do not give loans again?

Fool does it mean banks do not give loans again?
Navapio 1 year ago

Am sure his doctorate was awarded after 3weeks I'm one of these fake universities.

Am sure his doctorate was awarded after 3weeks I'm one of these fake universities.
Anane 1 year ago

Doctor has become cheap in Ghana thanks to cheap noble DBA programs!

Doctor has become cheap in Ghana thanks to cheap noble DBA programs!
M.T 1 year ago

Randy doesn't understand the credit scoring system. Credit scoring will eliminate the guarantor or collateral system for creditors, especially the informal sector. It's definitely a magic wand. With the credit scoring system ...
read full comment

Randy doesn't understand the credit scoring system. Credit scoring will eliminate the guarantor or collateral system for creditors, especially the informal sector. It's definitely a magic wand. With the credit scoring system financial institutions will be able to identify creditworthy persons and provide credit to them seamlessly. In advanced countries financial institutions chase people who have good credit score to offer them credit. In Ghana you have to chase the banks for credit even if you have a solid business plan. Some banks won't give you the loan if you're not on private or government payroll because they can't trust you.
mr amin 1 year ago

Why is the NPP still attending randy Abby s good morning Ghana it's always two against one randy is not neutral he is typical ndc

Why is the NPP still attending randy Abby s good morning Ghana it's always two against one randy is not neutral he is typical ndc
OSABARIMA MENSA 1 year ago

A credit score is not a credit card, DR? A CREDIT SCORE is a system creditors use to determine one's credit worthiness so they can lend you money. The ignorance in our country is debilitating.

A credit score is not a credit card, DR? A CREDIT SCORE is a system creditors use to determine one's credit worthiness so they can lend you money. The ignorance in our country is debilitating.
Nana 1 year ago

If Randy Abbey had taken his lessons seriously in 6th Form,Accra Aca teachers would have taught him the difference between Credit Score and Credit Card in Economics & Accounting.They are related but have different meaning.NDC ...
read full comment

If Randy Abbey had taken his lessons seriously in 6th Form,Accra Aca teachers would have taught him the difference between Credit Score and Credit Card in Economics & Accounting.They are related but have different meaning.NDC could not explain their 24hrs Economy so they are using ppl like Randy to confuse Ghanaians.
Nii Adjei 1 year ago

The credit scoring system is a necessary and sufficient condition for the issue of a credit card. And both are dependent on the health of the economy and the financial sector for that matter. Why is this VP always putting the ...
read full comment

The credit scoring system is a necessary and sufficient condition for the issue of a credit card. And both are dependent on the health of the economy and the financial sector for that matter. Why is this VP always putting the horse before the cart? Your management of the Ghanaian economy is nothing to write home about. The whole country has been downgraded by the 3 most credible sovereign credit rating agencies; Moody's, S&P and Fitch resulting in us being shut from the international money market. You are not bothered by that as to find solutions. All you can do is to give moral lessons on enhancing households access credit? Do you know the causes of America's credit crunch? Fix the damn economy, and businessmen know how to navigate assessment of purchasing power and ability to curb non-performing facilities.
Nii Adjei 1 year ago

*Rather the cart before the horse

*Rather the cart before the horse
THE TRUTH 1 year ago

You're confused just shut up.Do you have to wait till your wife delivers b4 buying the baby's dresses/clothes?Creation of a Credit Score could be part of building the economy if you care to know.

You're confused just shut up.Do you have to wait till your wife delivers b4 buying the baby's dresses/clothes?Creation of a Credit Score could be part of building the economy if you care to know.
Enock 1 year ago

What is the use buying baby things when your pregnant wife is sick and have nothing to eat? She may die with the baby. So, first things first.

What is the use buying baby things when your pregnant wife is sick and have nothing to eat? She may die with the baby. So, first things first.
J0eY l0nD0N 1 year ago

Listen you are just making noise like your veep.

Tell him to fix the economy, and implement his policies right now so that Ghanaians can vote for him.

But here we are he is talking like an opposition leader, anyway can ...
read full comment

Listen you are just making noise like your veep.

Tell him to fix the economy, and implement his policies right now so that Ghanaians can vote for him.

But here we are he is talking like an opposition leader, anyway can he prosecute the thousands of scandals hanging the necks of his own government's?

Hell no. Ghanaians won't vote or fall for his juicy lies again.

Say cheese.
ELECTRIC FENCE AND CAMERAS. 1 year ago

We help secure your perimeter with modern ELECTRIC FENCE SYSTEMS that supports alarm system and backup battery system. We sell and install ELECTRIC FENCE SYSTEMS & CCTV CAMERAS. Call/WhatsApp: 0501796870 for more info. fhfhty ...
read full comment

We help secure your perimeter with modern ELECTRIC FENCE SYSTEMS that supports alarm system and backup battery system. We sell and install ELECTRIC FENCE SYSTEMS & CCTV CAMERAS. Call/WhatsApp: 0501796870 for more info. fhfhtyt
Pelicles 1 year ago

I keep telling Ghanaians that NDC is a political party full of "truants and vagabonds" and people dispute those facts. If this guy is really a "Dr", what does he understand by a credit system?

Credit system doesn't mean G ...
read full comment

I keep telling Ghanaians that NDC is a political party full of "truants and vagabonds" and people dispute those facts. If this guy is really a "Dr", what does he understand by a credit system?

Credit system doesn't mean Ghanaians will no longer work but money will drop into their hands from an unknown source.

Randy Abbey, are you a real "Dr" or some quack wayside truant who cannot think like John Mahama?
Kwam 1 year ago

Randy Abbey formerly of NPP? How did you get here? Randy is now fake. A move from NPP to NDC will definitely give you cognitive problems. Amazing host of GMG. No wonder only NDC People's text messages are read. Shameful.

Randy Abbey formerly of NPP? How did you get here? Randy is now fake. A move from NPP to NDC will definitely give you cognitive problems. Amazing host of GMG. No wonder only NDC People's text messages are read. Shameful.
Nii 1 year ago

No wonder Randy Abbey has a big stomach. Stomach Journalist. No single policy is the magic wand... stupid. No sense in what you are saying Randy. A collective of positive policies is maybe what we need. Credit scoring is posi ...
read full comment

No wonder Randy Abbey has a big stomach. Stomach Journalist. No single policy is the magic wand... stupid. No sense in what you are saying Randy. A collective of positive policies is maybe what we need. Credit scoring is positive news. Elevate your thinking Randy. Gyimee...... Explain 24 hour Economy. Regional airport, ntakra mboa and Gyata people. The was zero revenue generated from Ho airport 2024.... Tiwee... Explain?
Kona 1 year ago

Abbey Phd. That's below you. There is nowhere in the world where everyone can take advantage of every financial facility made available. So I'm at loss as to the point you are making if not for cheap polical mischief.

Abbey Phd. That's below you. There is nowhere in the world where everyone can take advantage of every financial facility made available. So I'm at loss as to the point you are making if not for cheap polical mischief.
AKWASI adwepa 1 year ago

So you don't understand what Abbey is saying? Credit sore about what? You must have a job. You have to do a transaction.

So you don't understand what Abbey is saying? Credit sore about what? You must have a job. You have to do a transaction.
AKWASI adwepa 1 year ago

Credit score or card is about traction. It involves costs. You must have a job and be paid to participate. Clear?

Credit score or card is about traction. It involves costs. You must have a job and be paid to participate. Clear?
Ernest 1 year ago

Akwasi everywhere u must work before u go in for long credit but they must see ur credit score b4 de bank give u anything mahama ofuii

Akwasi everywhere u must work before u go in for long credit but they must see ur credit score b4 de bank give u anything mahama ofuii
Adu 1 year ago

They shoot down everything NPP but never bring up any solutions. Abbey hasn't commented negatively against the so-called 24hr economy that everyone knows can't be a policy. Who says credit rating isn't economy driver?

They shoot down everything NPP but never bring up any solutions. Abbey hasn't commented negatively against the so-called 24hr economy that everyone knows can't be a policy. Who says credit rating isn't economy driver?
GEN 1 year ago

With the current unemployment situation we are facing us a country, having a system that runs 24/7 will give opportunity to most people, produce more, improve services and service our debt so we can be free of the oppression ...
read full comment

With the current unemployment situation we are facing us a country, having a system that runs 24/7 will give opportunity to most people, produce more, improve services and service our debt so we can be free of the oppression this government have put us in...if it works in other countries, why not Ghana? Unless we are saying we are comfortable with our poor indebted situation us a country
Van Halen 1 year ago

Is this the same Randy Abbey who used to speak for NPP on Peace FM Kokrokoo? Hmmm stomach politics.

Is this the same Randy Abbey who used to speak for NPP on Peace FM Kokrokoo? Hmmm stomach politics.
Thief of Staff - Akosua Frema 1 year ago

Credit scoring system will fail from day one judging from our dishonest and discredited behaviors. Take MASLOC as an example. Also, banks and Bank of Ghana are struggling with non-performing loans (NPLs) just because borrower ...
read full comment

Credit scoring system will fail from day one judging from our dishonest and discredited behaviors. Take MASLOC as an example. Also, banks and Bank of Ghana are struggling with non-performing loans (NPLs) just because borrowers are not credit worthy. Even the small credits being given by the Telcos to their customers have been abused. People took it, refused to repay and took different SIMs or changed networks. The old method of Trade Credit that market women used to help one another is no longer there but cash and carry. So, much as it's a good idea, it can't succeed because we are liars, thieves, hypocrites, rapists, demons, crooks, criminals, pretenders, traitors, fools, wizards, witches, betrayers, opportunists and murderers.
Johnny 1 year ago

The state is refusing to punish defaulters bcoz of politics.If they want they can easily be punished with Ghana Card numbers.The Telecoms can be asked to block all MASLOC Loan defaulters till they pay.They can also be track a ...
read full comment

The state is refusing to punish defaulters bcoz of politics.If they want they can easily be punished with Ghana Card numbers.The Telecoms can be asked to block all MASLOC Loan defaulters till they pay.They can also be track and arrested for prosecution.
Ruthan 1 year ago

Do you know that in Russia everybody has a number(Ghana Card).With that they have data on Criminal Records,Academic Qualification,Health records,Employment records,Tax Pmt etc etc of each citizen.With these information govern ...
read full comment

Do you know that in Russia everybody has a number(Ghana Card).With that they have data on Criminal Records,Academic Qualification,Health records,Employment records,Tax Pmt etc etc of each citizen.With these information governance becomes easier.The same way our Ghana Cards numbers can be use to build data for every Ghanaian including Credit Score to reduce Loan Pmt Defaulters.When this happens Interest Rates will reduce and those with high Credit Score purchasing power will increase leading higher sales,higher production.Eventually companies will need more hands to employ to increase supply to meet demand.
Foli Foli 1 year ago

Thank you for your point.

Thank you for your point.
Nii Adjei 1 year ago

I remember vividly well that during Kufuor's era, banks were chasing workers to come for credit facilities because they know interest rate was low and relative stability in exchange rate and inflation. Which sound credit hous ...
read full comment

I remember vividly well that during Kufuor's era, banks were chasing workers to come for credit facilities because they know interest rate was low and relative stability in exchange rate and inflation. Which sound credit house will do this under the present circumstances? They will take the credit to pay for their travel outside of the country, never to be seen again. After all our leaders have made them to believe that Dutch Passport is better than PhD. Over to you Bawuliar!
THE TRUTH 1 year ago

The banks did it without a proper Credit Score which led to more Loan Defaulters.If the banks had it not everybody shd have been given.Mind you can even be a Bank Manager,Doctor or Accountant if you have a poor Credit Score y ...
read full comment

The banks did it without a proper Credit Score which led to more Loan Defaulters.If the banks had it not everybody shd have been given.Mind you can even be a Bank Manager,Doctor or Accountant if you have a poor Credit Score you won't qualify.Each individual needs to work hard,be honest,be capable to pay Debt b4 you're given.
AKWASI adwepa 1 year ago

Yes the banks were chasing workers. They had jobs
That's what Abbey mean.

Yes the banks were chasing workers. They had jobs
That's what Abbey mean.
Cooler 1 year ago

Not every worker was entitled to those loans if you care to know some have low Credit Score.A Kenkey seller or a Carpenter can have a better Credit Score than a Doctor or a Chief Accountant if you care to.NDC followers shd le ...
read full comment

Not every worker was entitled to those loans if you care to know some have low Credit Score.A Kenkey seller or a Carpenter can have a better Credit Score than a Doctor or a Chief Accountant if you care to.NDC followers shd learn about how the Credit Scoring works b4 criticising.
Papa k 1 year ago

It's a good thing but not for Ghanaians. First you should check the interest rate, second period of time you are supposed to pay and then how much are you paying for each month. Majority of Ghanaians using electricity at thei ...
read full comment

It's a good thing but not for Ghanaians. First you should check the interest rate, second period of time you are supposed to pay and then how much are you paying for each month. Majority of Ghanaians using electricity at their work place can never afford to this, because of unstable electricity.
Kwaku Tee 1 year ago

It is very possible you're making Dr Bawumia a magician.It is not everything that you argue about if you don't have the idea just keep quiet.50% of Americans or British don't have good Credit Score even with good economies.

It is very possible you're making Dr Bawumia a magician.It is not everything that you argue about if you don't have the idea just keep quiet.50% of Americans or British don't have good Credit Score even with good economies.
ben 1 year ago

Another journalist on ndc payroll, always spewing rubbish

Another journalist on ndc payroll, always spewing rubbish
Kilogram 1 year ago

Bleeding is allowed, Dr Randy. Why do you the NDeCeivers always want to trivialise innovative policies by DMB??? By the way, have you taken your medication today? Listen again to DMB before making such unintelligent comments ...
read full comment

Bleeding is allowed, Dr Randy. Why do you the NDeCeivers always want to trivialise innovative policies by DMB??? By the way, have you taken your medication today? Listen again to DMB before making such unintelligent comments to please your empty-headed gang.
ROCKY USA 1 year ago

Bawumia is a retarded confused man. How many people is working here in Ghana before mentioning credit cards? Which company will give a credit card to buy smartphone and pay monthly 1or 2 cedis?. Unless Bawumia open his own te ...
read full comment

Bawumia is a retarded confused man. How many people is working here in Ghana before mentioning credit cards? Which company will give a credit card to buy smartphone and pay monthly 1or 2 cedis?. Unless Bawumia open his own telephone company give that so called credit card to his customers. Bawumia is a good guy but his campaign promises are be coming miserable. I think he is already losing his mind. Anywhere he goes he will be giving a lot of vain promises to the people as if he is printing Ghana cedis to supply everyone with his or her needs
Saying something is one thing and doing it is another. Give us a break
Serwa broni 1 year ago

Good points Dr Abbey, bahumia is a scammer and clueless

Good points Dr Abbey, bahumia is a scammer and clueless
aaaaa 1 year ago

ask how Randy goy phd and you will realize it's just useless one.

ask how Randy goy phd and you will realize it's just useless one.
Kk 1 year ago

And who said there are no jobs in Ghana?

And who said there are no jobs in Ghana?
Kofi Akuse 1 year ago

Bawumia should send his credit score system to staff of bank of ghana, his campaign team and other likes who have stolen enough to invest and are credit wealthy to afford that. Esuka

Bawumia should send his credit score system to staff of bank of ghana, his campaign team and other likes who have stolen enough to invest and are credit wealthy to afford that. Esuka
Kojois 1 year ago

Local boy ignorant as you are. I have $50000 credit card in my wallet. Poor as you are.

Local boy ignorant as you are. I have $50000 credit card in my wallet. Poor as you are.
Kofi Akuse 1 year ago

Bawumia should send his credit score system to staff of bank of ghana, his campaign team and other likes who have stolen enough to invest and are credit wealthy to afford that. Esuka

Bawumia should send his credit score system to staff of bank of ghana, his campaign team and other likes who have stolen enough to invest and are credit wealthy to afford that. Esuka
Pee 1 year ago

This Bawumia guy brags too much, always creating the impression he’s the only one who had stayed outside the country. Twaaaaaaa

This Bawumia guy brags too much, always creating the impression he’s the only one who had stayed outside the country. Twaaaaaaa
Allan 1 year ago

If your Doctorate is from Swiss whatever, these are comments you will make. Randy Abbey and Paul are just unnecessarily political journalists.

If your Doctorate is from Swiss whatever, these are comments you will make. Randy Abbey and Paul are just unnecessarily political journalists.
Kubut3 1 year ago

With a credit score system, a teacher can easily secure a credit to start a small business with better interest rate. He can employ one or two poor people, while he hold on to his teaching job. Randy Abbey is an idiot. A te ...
read full comment

With a credit score system, a teacher can easily secure a credit to start a small business with better interest rate. He can employ one or two poor people, while he hold on to his teaching job. Randy Abbey is an idiot. A teacher with a good credit score in the village can secure a little loan to start planting cassava or poultry farm . These NDC people can't think.
Kofi 1 year ago

Thank you Dr. Abbey. Peoole don't have a job but are talking about credit score. Its really funny

Thank you Dr. Abbey. Peoole don't have a job but are talking about credit score. Its really funny
....... 1 year ago

Vote for the Party with vision and mission to increase the purchasing power of Ghanaians with good credit rating .
The develop world depends on credit score to keep their economy growing.

Vote for the Party with vision and mission to increase the purchasing power of Ghanaians with good credit rating .
The develop world depends on credit score to keep their economy growing.
Kee 1 year ago

NDC people are very pessimistic, tweaaaa, apuuuuuuu. Let Randy Abbey deceive you into not finding a job and benefiting from credit scoring. Do you need a job before a system is put in place to help you, or system is put in pl ...
read full comment

NDC people are very pessimistic, tweaaaa, apuuuuuuu. Let Randy Abbey deceive you into not finding a job and benefiting from credit scoring. Do you need a job before a system is put in place to help you, or system is put in place and you find every means of taking advantage of it.
Foli Foli 1 year ago

What is mobile phone purchase on credit compared to the daily life support for the citizens? Do you think that the system whereby people could buy on credit and pay small small does not exist in this country already. How do ...
read full comment

What is mobile phone purchase on credit compared to the daily life support for the citizens? Do you think that the system whereby people could buy on credit and pay small small does not exist in this country already. How do you trivialise things easily because of politics?
MyBigMouth 1 year ago

Randy, dont even go too far with they cant pay...most wlll not pass a check to be eligible for a credit facility, unless they are helped along by rogue companies.

Randy, dont even go too far with they cant pay...most wlll not pass a check to be eligible for a credit facility, unless they are helped along by rogue companies.
Tweaa 1 year ago

Dr Randy thank you , you explained it further, like Dr Bawumia said IF YOU HAVE A JOB you can take advantage of that , also the higher one’s credit score is the cheaper the buying power

Dr Randy thank you , you explained it further, like Dr Bawumia said IF YOU HAVE A JOB you can take advantage of that , also the higher one’s credit score is the cheaper the buying power
Kofi 1 year ago

A credit scoring system is an important element for an inclusive and expanded financial system that does not punish everyone for the sins of a few. I however also agree that it is not an end but a plank towards something else ...
read full comment

A credit scoring system is an important element for an inclusive and expanded financial system that does not punish everyone for the sins of a few. I however also agree that it is not an end but a plank towards something else. If we create credit and all that it is used for is consumption on imported goods we willbe worse for it as a country. Credit should be engineered towards domestic production not foreign consumption.
KOFI 1 year ago

This same man believes the bogus 24hr crap hmmm

This same man believes the bogus 24hr crap hmmm
Go+to+court 1 year ago

Same as 24 jour economy ,Randy without jobs how can on practice 24 hour. Simplicita.

Same as 24 jour economy ,Randy without jobs how can on practice 24 hour. Simplicita.
Jahsonwilliams 1 year ago

See this NDC fool call Randy Abbey too. But you believe 24hr economy is a magic wand? Kwasia bi te sɛ wo wate?

See this NDC fool call Randy Abbey too. But you believe 24hr economy is a magic wand? Kwasia bi te sɛ wo wate?
Truth 1 year ago

Wode3 gyimie de3

Wode3 gyimie de3
Kee 1 year ago

What else do you expect from NDC Randy Abbey. Is he saying everyone must be employed before the credit system is introduced,? He should be informed that a system is put in place for people to aspire to reach a goal. If people ...
read full comment

What else do you expect from NDC Randy Abbey. Is he saying everyone must be employed before the credit system is introduced,? He should be informed that a system is put in place for people to aspire to reach a goal. If people are in huge debts, is it because of the credit scoring? Tweaaa, apuuuuuuu.
Sarah Abbey 1 year ago

Randy Abena Korkor toto eater. You have worms in your head.

Randy Abena Korkor toto eater. You have worms in your head.
Yaw 1 year ago

Randy wil always find a way to discredit Dr. Bawumia. You admit it is good yet u have issues with it.

Randy wil always find a way to discredit Dr. Bawumia. You admit it is good yet u have issues with it.
Yaw 1 year ago

The naysayers is at it again they don't understand it and will not take their time to study it but rather conderm it then turn round to say they brought it everything is not possible

The naysayers is at it again they don't understand it and will not take their time to study it but rather conderm it then turn round to say they brought it everything is not possible
Nana Kese, Newark, New Jersey 1 year ago

All these guys are said to be holding a Doctorate degree..he sees everything from the ruling party as bad..
Your John Mahama..is not coming back to the presidential house.

All these guys are said to be holding a Doctorate degree..he sees everything from the ruling party as bad..
Your John Mahama..is not coming back to the presidential house.
Too many idiots on Ghanaweb 1 year ago

A country where people are fleeing by the thousands and you think credit system is going to be effective?

Every nonsense biaa we want to copy.
The reason credit system works in select Western countries is because they ar ...
read full comment

A country where people are fleeing by the thousands and you think credit system is going to be effective?

Every nonsense biaa we want to copy.
The reason credit system works in select Western countries is because they are destination countries. That's where people are fleeing to. That makes a huge difference.

Why would I issue credit to someone based on their credit rating when that person could be migrating the very next day?

Besides, even in those Western countries where the credit system works, all banks are insured by the Government. Meaning if a person refuses to pay their debt, the bank or creditor can recoup their money through the Government backed Insurance company.

Is Bawumia saying the Government of Ghana is going to provide financial insurance to creditors?

Sometimes let's think small.
Instead of this clown coming to tell us how he's going to make the systems work in Ghana, he's rather there putting the cart in front of the horse.

Fix the goddanm country first!
Puma 1 year ago

Dr Randy Abbey every sane Ghanaian knows that this system is for people who are in stable employment and not for lazy people so spare us this nonsense.

Dr Randy Abbey every sane Ghanaian knows that this system is for people who are in stable employment and not for lazy people so spare us this nonsense.
Abu 1 year ago

Credit system in general is very dangerous, you need to understand it before you go there. With many financially illiterate people the credit system will make them poorer.

Most these credit cards companies charge high int ...
read full comment

Credit system in general is very dangerous, you need to understand it before you go there. With many financially illiterate people the credit system will make them poorer.

Most these credit cards companies charge high interest rates and you will end up paying 2 or 3 times how much you borrowed

Credit system is good for people who already can afford to pay cash and serve as ease of payment but not for people struggling
Funny World 1 year ago

Randy Abbey is just one of the ndc rats that refuses to acknowledge the truth. Credit score is not a panacea to riches rather depends on your integrity, that's, how truthful you're to the system. Randy Abbey must know that, ...
read full comment

Randy Abbey is just one of the ndc rats that refuses to acknowledge the truth. Credit score is not a panacea to riches rather depends on your integrity, that's, how truthful you're to the system. Randy Abbey must know that, if you're a millionaire and you haven't built your equity you can be denied of purchasing merchandise on credit. So, he must understand that to build good credit depends on the individual.
John B 1 year ago

Dr.Bawumia,please the credit cards and credit scores works in for advance countries.(1)how many Ghanaians have a social security number or social security card.(2)how many Ghanaians works and save their money in the bank.(3)o ...
read full comment

Dr.Bawumia,please the credit cards and credit scores works in for advance countries.(1)how many Ghanaians have a social security number or social security card.(2)how many Ghanaians works and save their money in the bank.(3)or how many Ghanaians have bank account.(4)Credit cards companies most are banks,and some are institutions operating as a bank but not a bank, but they work together.(5)Before you can apply for credit card and earning scores you have to work and get paid.In America is a simple but Ghana is not going to be simple as we think,America only your social security card or number will tell who you are, because everything passing through your social security and before the creditors approve your credit card application they pull out your social security number and do your background check before approval or denier so it's not easy like 123 and even the banks,and the credit cards companies work side by side and also its not something you going to have the cash in hand.
Kaya Man 1 year ago

Tye credit system is already in Ghana and it's called hire purchase. It's not a new thing. People, especially payroll workers buy things and pay them monthly. I have been a beneficiary of this system for a long time so what i ...
read full comment

Tye credit system is already in Ghana and it's called hire purchase. It's not a new thing. People, especially payroll workers buy things and pay them monthly. I have been a beneficiary of this system for a long time so what is the hype on this? The unemployed cannot enjoy this facility.
Jobe 1 year ago

So 24 hour economy is a magic ward? Credit system us liked by every worker if it'll be embedded in our national life. ATM debit changed things especially online business so will it be with a credit system scoring using Ghana ...
read full comment

So 24 hour economy is a magic ward? Credit system us liked by every worker if it'll be embedded in our national life. ATM debit changed things especially online business so will it be with a credit system scoring using Ghana card.

Welcome,

SIGN IN

Welcome,

RESET PASSWORD

Hello,

Terms and conditions

REGISTER

News

'Nobody should create the impression that a credit score system is some magic wand' – Dr. Abbey

Read Comments .st0{display:none;fill:#14BDD3;} .st1{display:none;} .st2{display:inline;fill:#FC0F0F;} .st3{display:inline;fill:#FFFFFF;} .st4{display:inline;fill:none;stroke:#000000;stroke-width:6;stroke-miterlimit:10;} Comments (88)

Read Comments Comments (88)