Ghana’s Modern Payment Regime

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, organizations and Government) initiate and transfer monetary claims in the form of commercial and central bank liabilities. According to Bank of Ghana records, Ghana’s payment system has … Read more

BoG Introduces Key Measures To Fight Fraud In Electronic Payment

The Bank of Ghana has intensified measures to tackle fraud associated with electronic payment systems. Reports from the central bank indicate that the country loses over 900 million dollars through fraudulent payment every year. A 10 member council has therefore been inaugurated to tackle the canker. Speaking at the ceremony, 2nd deputy governor of the … Read more