By Sarah Baafi
Former Vice President Dr. Mahamudu Bawumia has commended Star Oil Ghana Limited for pioneering a “Fuel Now, Pay Later” scheme that enables drivers to purchase fuel on credit using their Ghanacard and Ghana’s new individualized credit scoring system.
In a statement celebrating the launch, Bawumia said, “I congratulate StarOil Ghana Ltd, and its bold and visionary CEO, for launching their Fuel Now, Pay Later scheme today, which makes it possible for Ghanaians, especially drivers, to be able to buy fuel on credit using their Ghanacard through the individualised credit scoring system.”
He reflected on initial doubts, noting, “When I launched this initiative last year, many skeptics did not see it as possible.” Bawumia highlighted the building blocks of Ghana’s credit economy, including the Ghanacard, digital address system, and interoperable mobile money, calling it vital for reducing stress like in advanced economies.
Bawumia urged other Oil Marketing Companies (OMCs) to follow suit, stating, “I look forward to other OMCs and businesses embracing the individualised credit scoring system to give Ghanaian workers the much-needed option of buying goods and services on credit.”
