{"id":430282,"date":"2017-10-19T16:52:12","date_gmt":"2017-10-19T16:52:12","guid":{"rendered":"https:\/\/ghana-mma.com\/2017\/10\/19\/modernization-of-ghanas-economy-to-bring-down-lending-rates-bawumia\/"},"modified":"2017-10-19T16:52:12","modified_gmt":"2017-10-19T16:52:12","slug":"modernization-of-ghanas-economy-to-bring-down-lending-rates-bawumia","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2017\/10\/19\/modernization-of-ghanas-economy-to-bring-down-lending-rates-bawumia\/","title":{"rendered":"Modernization of Ghana\u2019s economy to bring down lending rates \u2013 Bawumia"},"content":{"rendered":"

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Vice president Dr. Mahamudu Bawumia has said the modernization of Ghana\u2019s economy will eventually bring down lending rates charged by commercial banks on loans.<\/p>\n

According to Dr.\u00a0\u00a0Bawumia the move will also help in transforming the country\u2019s economy.<\/p>\n

Speaking at the launch of the E-Certificate system introduced by the Registrar General\u2019s Department, he said government is keen on modernizing many sectors of the economy to improve ease of doing business in the country.<\/p>\n

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The Registrar General\u2019s Department (RGD) has successfully implemented the online registration of companies, as well as the authorization of operation of businesses.<\/p>\n

These functions are supported by a number of services on-line, including the e-Shop which allows company searches, reservation of company names and the booking of marriage ceremonies amongst others.<\/p>\n

Online transactions<\/b><\/p>\n

This has resulted in significant uptake by Ghanaian businesses using the paperless system.\u00a0\u00a0By the first half of the year, over 6,855 online transactions were conducted via the Registrar-General\u2019s portal.<\/p>\n

There has been substantial growth in annual online transaction numbers, from a mere 102 in 2015, to around 3000 in 2016 and to over 11,015 from January to September 2017.<\/p>\n

Over 60,000 businesses\u00a0registered with the RGD from January to September 2017, compared to 54,000 for the whole of 2016.<\/p>\n

Revenue generated for September 2017 stands at GH\u20b544 million – which matches revenue generated from January to December 2016.\u00a0<\/p>\n

The Head of IT at the Registrar Generals Department, Doris Ampadu-Ameyaw said, businesses can conduct their end-to-end business registration on the RGD portal, resulting in the issuance of an e-certificate.<\/p>\n

\u201cLinked to the RGD portal is a fully functional e-payment platform which allows payments to be made in the course of online transactions. This is in line with government\u2019s commitment to deepen leveraging technology to improve the ease of doing business in Ghana and to enhance the business competitiveness of the country,\u201d she said.<\/p>\n

According to Mrs. Ampadu-Ameyaw, an interesting new feature introduced to the automation of the RGD processes is the deployment of the e-shop information platform, which facilitates the search or requests for data regarding companies registered in Ghana.<\/p>\n

She said that in line with the commitment to enhance and enrich customer experience, her outfit was in the process of implementing a queue management system at the front office to improve customer experience. This she said will give true meaning to the ease of doing business in the country.\u00a0<\/p>\n

E-certificate<\/b><\/p>\n

The e-certificate and e-shop platforms are end-to-end registration portals developed and deployed by GCNet as part of the broad World Bank sponsored e-Gov project. It leverages ICT opportunities to generate employment enhancement and growth under the e-Gov application for the Revenue Generating Agencies and the Registrar General\u2019s Department.<\/p>\n

RGD systems are integrated with the Ghana Revenue Authority (GRA) with plans to advance to link up with Ghana Investment Promotion Centre in the exchange of data to facilitate the ease of doing business in Ghana.\u00a0<\/p>\n

The data exchange is to encourage a paperless registration and tax regime aimed at significantly reducing administrative and operational overhead costs. It will greatly ease doing business, while maximizing revenue mobilization for accelerated development.<\/p>\n<\/div>\n

\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\u0642\u0627\u0644\u0628 \u0648\u0631\u062f\u067e\u0631\u0633<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Vice president Dr. Mahamudu Bawumia has said the modernization of Ghana\u2019s economy will eventually bring down lending rates charged by commercial banks on loans. According to Dr.\u00a0\u00a0Bawumia the move will also help in transforming the country\u2019s economy. Speaking at the launch of the E-Certificate system introduced by the Registrar General\u2019s Department, he said government is […]<\/p>\n","protected":false},"author":0,"featured_media":410031,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-430282","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"\nModernization of Ghana\u2019s economy to bring down lending rates \u2013 Bawumia - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2017\/10\/19\/modernization-of-ghanas-economy-to-bring-down-lending-rates-bawumia\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Modernization of Ghana\u2019s economy to bring down lending rates \u2013 Bawumia - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"Vice president Dr. Mahamudu Bawumia has said the modernization of Ghana\u2019s economy will eventually bring down lending rates charged by commercial banks on loans. 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