payment

Business

Fraud At Banks On the Rise

The Bank of Ghana (BoG) is alarmed at the rising spate of card fraud and defalcation in the banking sector that is...

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COCOBOD Dismisses Claims of Delays In Funds To LBCs

The Ghana Cocoa Board (COCOBOD) has debunked his claims being made by some Licensed Buying Cocoa Companies (LBCs) in...

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Co-Operative Unions To Go Cashless With New Payment Platform

The Ghana Co-Operative Credit Unions’ Association has announced plans to push for its own inter payment and...

Business

BoG Freezes US$1bn Sibton Deal

The central bank has reportedly put on hold the billion-dollar deal it handed to Sibton Switch, a local IT firm, to...

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Mona Quartey Dismisses Reports BoG Will Bear Cost of Sibton Deal

Former deputy Finance Minister, Mona Quartey has dismissed reports that the central bank is paying Sibton Switch...

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Children’s Hospital Decries GHc 500,000 Unpaid NHIA Claims

The arrears, according to the hospital’s management, have had a toll on day to day running of the hospital over the...

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Children’s Hospital Decries GHc 500,000 Unpaid NHIA Claims

The management of the Princess Marie Louise Children’s Hospital in Accra, has revealed the National Health...

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Retail Payment Contract Genuine – BoG

The Bank of Ghana has explained that its recent decision to engage a third-party firm to interconnect mobile money...

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Ghana’s Modern Payment Regime

The current Payment system in Ghana refers to the entire matrix of institutional infrastructure arrangements and...

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BoG In GHc4.7bn Dodgy Contract

The Bank of Ghana (BoG) has awarded a multi-billion-cedi contract to Sibton Switch Systems Limited to implement a...

Business

New Retail Payment Systems Infrastructure To Be Deployed In Ghana

The money transfer market and the electronic payment system is expected to receive a major boost with the deployment of...

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Sibton Defends GHc 4.6 Bn Mobile Money Contract With BoG

Sibton Switch Systems, the company given the contract to enhance interoperability in mobile money transactions across...

Business

BoG Swerves Own Subsidiary In Mobile Money Deal

Enquiries made by the B&FT have established that the Ghana Interbank Payment and Settlement Systems (GhIPSS), can...

Business

GhIPSS Ready To Reengage Civil Servants On E-Zwich

Management of the Ghana Interbank Payments and Settlement System (GhIPSS) has expressed its readiness to roll on civil...

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GhIPSS Ready To Reengage Civil Servants On E-Zwich- Archie Hesse

Management of the Ghana Interbank Payments and Settlement System (GhIPSS) has expressed its readiness to roll on civil...

Business

Instant Pay Service Tops the Agenda In 2017

The Management of Ghana Interbank Payment and Settlement Systems (GhIPSS) said it would embark on aggressive public...

Business

BOG Inaugurates Nine-Member Payment Systems Council

The Bank of Ghana (BOG) has inaugurated a Payments Systems Council (PSC) under its Payments Systems Department to help...

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Contractors Besiege Mahama’s House Over Unpaid Monies

Scores of contractors earlier Friday morning, besieged the residence of President John Dramani Mahama, demanding...

Business

More Banks Now Offer Instant Pay

About 18 of the country’s banks are now able to offer the Instant Pay (GIP) service to their customers, more than...