A Digital Services Finance Consultant, Kwame Oppong has described as untrue suggestions that the Bank of Ghana (BOG) is committing an amount of GHC 4.6billion of public funds into the proposed switch...
An Accra-based radio station, Citi 97.3 FM, has appealed to Vice President Dr. Mahamudu Bawumia to launch an investigation into a contract awarded by the Bank of Ghana (BoG) to SIBTON Switch Systems...
The use of the biometric smart card, e-zwich, experienced exponential growth last year after series of mechanisms were put in place to drive usage. The volume of transactions within the period...
The Bank of Ghana has explained that its recent decision to engage a third-party firm to interconnect mobile money retail payment was taken in the best interest of the economy. The bank said it was...
The Bank of Ghana has mounted a spirited defence for a controversial ?4.6 billion contract to a private company to operate a new retail payment system infrastructure. But the Director of...
New data released this Valentine’s Day season by money transfer service WorldRemit shows that Ghanaians living in the United Arab Emirates are sending on average US$203 (GHC893.2) more than usual...
The current Payment system in Ghana refers to the entire matrix of institutional infrastructure arrangements and processes in a country set up to enable economic agents (individuals, businesses,...
The Bank of Ghana (BoG) has awarded a multi-billion-cedi contract to Sibton Switch Systems Limited to implement a retail payment system infrastructure in Ghana. The contract, which is seen by many...
Funds transfer and electronic payment in Ghana is expected to be enhanced soon when the Retail Payment Systems Infrastructure project takes off. Interoperability from a financial perspective involves...
The money transfer market and the electronic payment system is expected to receive a major boost with the deployment of a new retail payment systems infrastructure that will soon be rolled out. The...
Sibton Switch Systems, the company given the contract to enhance interoperability in mobile money transactions across telecom networks by the Bank of Ghana, has justified the GHc 4.6 billion cost of...
Enquiries made by the B&FT have established that the Ghana Interbank Payment and Settlement Systems (GhIPSS), can handle the intermediary role in across-network mobile money transactions, a...
Banks in Ghana could ride on the back of the Instant Pay service to reduce any threat posed by mobile money services, the Ghana Interbank Payment and Settlement Systems (GhIPSS) has said. The value...
The Bank of Ghana is speeding up efforts to introduce biometric verification in the banking sector to combat incessant identity theft. According to the Head of Payment Systems department at the...
Telecom operators in the country are unhappy about moves by the central bank to impose on them a third-party company which will intermediate in mobile money transactions across different networks....
By Charles Benoni Okine A public servant runs two accounts with two separate banks in the country. She does that not because she is super rich but she just adhere to the simple principle that, “Do...
The Management of Ghana Interbank Payment and Settlement Systems (GhIPSS) said it would embark on aggressive public education to whip up interest in the Instant Pay Service as part of efforts to...
The Bank of Ghana(BoG) has announced plans to migrate all payment systems of banks in the country from magnetic chip to Europay-MasterCard-Visa( EMV) chip based cards this year. The move is targeted...
The Bank of Ghana(BoG) has announced plans to migrate all payment systems of banks in the country from magnetic chip to Europay-MasterCard-Visa( EMV) chip based cards this year. The move is targeted...
The Bank of Ghana(BoG) has announced plans to migrate all payment systems of banks in the country from magnetic chip to Europay-MasterCard-Visa( EMV) chip based cards this year. The move is targeted...
