The first of two collaborations round table discussion came off on Tuesday June 14, 2016.
The event was a round table discussion on, “Achieving a cash-lite economy; the future of payments in Ghana”.
Under the auspices of the Ghana Interbank Payment and Settlement Systems (GhIPSS), the discussion geared to get the public to understand the global trends, benefits of electronic payments and the need for the public to tag along since electronic is the future of payments.
It was clear after the round table discussion that the Bank of Ghana must set up a Payments Council to successfully steer the country away from its heavy use of cash for transactions and embrace a cash lite system.
By this the central bank could meet up with the challenge as mobile money transfers, the use of cards and points of sales terminals backed by the internet, are expected to become the dominant forms of payment.
By: Norvan Acquah- Hayford/citibusinessnews.com/Ghana