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Government to roll out new payment system for creative industry, says Bawumia

Bawumia announced the initiative on Thursday (15 February), during a meeting with celebrated actor Idris Elba and his team at the Jubilee House in Accra

Vice-President Mahamudu Bawumia has announced plans by the government to roll out a new digital payment system, mainly for workers in the creative industry.

Bawumia announced the initiative on Thursday (15 February) at a meeting with the celebrated actor Idris Elba and his team at Jubilee House in Accra.

The meeting focused on financial inclusion for Ghanaā€™s creative arts and devising strategies to integrate Ghanaian creatives into the worldwide financial ecosystem.

Dr Mahamudu Bawumia meets the actor Idris Elba, together with staff of his office and members of the visiting Elba team

Sharing the news on X, the vice-president commended Idris Elba for his commitment to developing the African creative arts economy.

ā€œToday, I met with celebrated actor,@idriselba and his team, and we had a meaningful dialogue on the dynamic and expanding creative arts economy of Africa,ā€ the vice-president said. ā€œOur focus was on the financial inclusion of Ghanaian creative arts and devising strategies to integrate them into the worldwide financial ecosystem.

ā€œMany African industry players are locked out of the global payments ecosystem and we therefore discussed the proposed implementation of a new system leveraging blockchain technology to assist them and ensure that they get paid for their music and arts no matter where in the world it is used commercially.

Dr Mahamudu Bawumia and Idris Elba, together with staff of the visiting Elba team

ā€œGiven Ghanaā€™s relatively advanced system of digital payments, the new system is expected to be launched in Ghana later this year,ā€ Dr Bawumia wrote. ā€œMy thanks to Idris Elba for his commitment to the development of the African creative arts economy.ā€

 

Reporting by Fred Dzakpata in Accra

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