Half of Ghana’s population will not qualify for credit scoring, where are…

Summary: Half of Ghana's population will not qualify for credit scoring as the system is too dependent on salaried income, says Joyce Bawah Mogtari, special aide to the country's former president, John Dramani Mahama. She has called for a focus on job creation, saying employment is key to the success of any financial system.

Joyce Bawah Mogtari, Special Aide to NDC’s Presidential Candidate John Dramani Mahama, has raised concerns about the viability of the credit scoring policy proposed by the ruling New Patriotic Party (NPP).

She argues that the policy, which heavily relies on salaried income, may not benefit a significant portion of Ghanaians due to widespread unemployment and low-income levels.

“With the credit scoring, your salary has to be good, your payslip must be evident, you must be gainfully employed with a sustainable type of employment. So, if you bring credit scoring to Ghana, maybe half of Ghana will not qualify for it, and businesses might not score anything,” she told J.B in an interview on Onua FM on November 21.

Joyce Bawah Mogtari emphasized that the root of the problem lies in the lack of sufficient jobs and income, making it difficult for many Ghanaians to meet the criteria for credit scoring systems.

She called for a shift in focus to job creation, arguing that employment is a crucial foundation for any successful financial system, hence the NDC and John Mahama’s 24hr Economy policy.

Elaborating on this, she reiterated John Mahama’s commitment to the private sector through the $10 billion “Big Push” agenda.

“The 24-hour economy is not an event; it is a process. I ask people this: if the economy ends at 5 pm or 8 pm, how do we improve growth?”

“John Mahama says the 10 billion big push agenda into the private sector will help implement the 24-hour economy.”

According to Mogtari, this policy will focus on generating employment opportunities, addressing Ghana’s growing unemployment crisis, and ensuring continuous economic activity to boost growth.

The lawyer in stressing the urgency of implementing the 24hr policy stated that “John Mahama has no option but to quick-start the 24-hour policy immediately he assumes office. The singular threat to our democracy and security is unemployment.”

She cited alarming statistics to underscore the problem, stating that public universities alone produce about 300,000 graduates annually, and this is without the statistics of other tertiary institutions.

In addition to urban economic initiatives, Mogtari also pledged an NDC government’s commitment to uplifting rural communities by strengthening regional economies through agriculture.

She highlighted the sector’s vital contribution to Ghana’s GDP, which she believes has the potential to grow even further.

“We will uplift our rural communities. We build regional economies through agriculture because it contributes 30% to Ghana’s GDP, which should even be more.”

Expressing optimism for Mahama’s potential return to power, she said “I am looking forward to seeing John Mahama in his next administration; the pragmatism will be seen on the roads and streets of Ghana.”

Last Updated on June 20, 2025 by samboad