Citi Business News has gathered that the Ghana Interbank Payment and Settlement Systems (GhIPSS), may be awarded the contract to develop an interoperable platform for telecom operators in the country. This is however subject to the efficacy of GhIPSS’s options to government in operating an interoperable platform for the Mobile Network Operators (MNOs). The move … Read more
Former deputy Finance Minister, Mona Quartey has dismissed reports that the central bank is paying Sibton Switch Systems Limited to implement a retail payment system infrastructure in Ghana. The contract, which is seen by many industry watchers as unnecessary and shady, will see Sibton Switch Systems Limited – a company formed in August 2015 – … Read more
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 for the creation of the country’s Retail Payment Infrastructure System. The Retail Payment Infrastructure contract, which was awarded by the Central Bank … Read more
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 Communications at the Bank Bernard Otabil does not know the owners of Sibton Switch Systems Limited. He stated however that the BoG, as the … Read more
Telecom operators in the country have raised red flag over moves by the central bank to impose on them a third-party company as intermediary in mobile money transactions across different networks. The opposition by telecom operators follows an award of a 4.6 billion cedi contract to Sibton Switch systems to enhance interoperability in mobile money … Read more
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 industry experts as unnecessary and shady, will see Sibton Switch Systems Limited – a company formed only in August 2015 – run a system … Read more
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 the project. It has been discovered that the company’s GHc 4.6 billion price tag was the most expensive among the companies that bid for … Read more