Blockchain technology can identify and detect any changes in digital data to track governmental transactions. Implementing this measure will enhance transparency and empower the government to eradicate corruption, the country’s Vice President Mahamudu Bawumia explained.
Furthermore, he urged African anti-corruption agencies to implement digital forensics and tools as they will help trace and distract the corruption value chain. The continent’s anti-graft institutions should also develop dedicated security operations centers to fight corruption networks.
Last but not least, according to Bawumia, Ghana will fight corruption more effectively once the Central Bank introduces Central Bank Digital Currency, or e-Cedi since “it will make it easy to track the movements of money and identify suspicious activities.”