The Government of President Nana Akufo-Addo is reviewing a number of regulations governing the Information Communication Technology (ICT) sector in order to free up the innovative talent and capabilities of already existing and start-up companies. The review would, among other objectives, also aim to make it easier to enter and invest in the sector in … Read more
Large corporate organisations and public sector institutions can receive instant payment electronically if they sign onto the e-bills pay system introduced by Ghana Interbank Payment and Settlement System (GhIPSS). The e-bills pay, which runs on the back of the Instant Pay system, will enable customers of large corporate organisations to pay for goods and services … Read more
Management of the Ghana Interbank Payments and Settlement System (GhIPSS) has expressed its readiness to roll on civil servants onto the Ezwich platform if approved by the Controller and Accountant Generals Department. The process was started late last year when the civil service association agreed to allow 10 percent of salaries of civil servants to … Read more
Management of the Ghana Interbank Payments and Settlement System (GhIPSS) has expressed its readiness to roll on civil servants onto the Ezwich platform if approved by the Controller and Accountant Generals Department. The process was started late last year when the civil service association agreed to allow 10 percent of salaries of civil servants to … Read more
Management of the Ghana Interbank Payments and Settlement System (GhIPSS) has announced a 182 percent increase in withdrawal of cash on its E-zwich platform in 2016. By this, cash withdrawals was among the activities on the platform that recorded high growth, increasing from GHS900,000 to GHS2.6 million in 2016. Explaining the reasons behind the increase, … Read more
Citi Business News has gathered that the Bank of Ghana (BoG) may allow commercial banks to acquire between 10 and 20 percent stake in the Ghana Interbank Payment and Settlement Systems (GhIPSS). The process which is to allow for greater collaboration and efficiency between the banks and GhIPSS is expected to be completed by the … Read more
The Ghana Inter-bank Payment and Settlements Systems (GhIPSS) has charged banks in the country to expand the Instant Pay service to afford bank customers more flexibility and convenience. The instant pay service allows bank account holders to transfer money from their accounts to another account instantly even if the recipient is with another bank. The … Read more