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

Vice-President Mahamudu Bawumia meets the actor Idris Elba (Jubilee House, Accra, 15 February 2024)

Idris Elba and Mahamudu Bawumia

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 Ghana’s creative arts and devising strategies to integrate Ghanaian creatives into the worldwide financial ecosystem.

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

“Today, 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,” the vice-president said. “Our focus was on the financial inclusion of Ghanaian creative arts and devising strategies to integrate them into the worldwide financial ecosystem.

“Many 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.

“Given Ghana’s relatively advanced system of digital payments, the new system is expected to be launched in Ghana later this year,” Dr Bawumia wrote. “My thanks to Idris Elba for his commitment to the development of the African creative arts economy.”

 

Reporting by Fred Dzakpata in Accra

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