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    Gold exports push Ghana’s trade surplus to $1.3 billion in April

    Old Mutual celebrates 177th anniversary globally, 10 years in Ghana

    Gov’t expenditure needs to be checked to help deal with inflation – ICAG

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    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

    Gold exports push Ghana’s trade surplus to $1.3 billion in April

    Value of MoMo transactions decrease by 3% between March and April 2022

    Inflation rate likely to drop to single digits in 2023 – Dr. Ernest Addison

    Monetary Policy Rate increased again by 200 basis points; now at 19%

    Government partners private companies to mine abandoned iron ore in Oti Region

    Manufacture of petroleum products push PPI to 31.2% in April

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GhIPSS likely to provide interoperability for telcos

bycitibusinessnews
April 12, 2017
in Banking And Finance, Government, Local Economy, TECHNOLOGY, Top Stories
Archie Hesse - CEO of GhIPSS

Archie Hesse - CEO of GhIPSS

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Citi Business News has gathered that the Ghana Interbank Payment and Settlement Systems (GhIPSS), has been given the green light to develop an interoperable platform for telecom operators in the country.

The move also comes on the back of a botched contract involving Sibton Switch Systems which had been selected to carry out the mandate.

Currently, Vice President Dr. Mahamudu Bawumia has tasked GhIPSS to within six months, submit a roadmap on developing an interoperable platform for the telcos.

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“Currently if you are on MTN mobile money, you can work within the MTN sphere. The role of GhIPSS is to ensure that we have interoperability; so you could have MTN and be able to pay someone on Tigo cash so interconnecting all the platforms and making them platform neutral,” CEO of GhIPSS, Archie Hesse told Citi Business News.

“We were given six months so we intend to achieve that target,” he added.

When successful, customers should be able to send money across all networks with less hustle.

Mr. Archie Hesse further intimated to Citi Business News he is hopeful the completion of the project should help in attaining cashless economy.

Sibton Switch wins bid with 4.6 billion cedis

Documents cited by Citi Business News early this year indicated that Sibton Switch Systems will be in charge of the interoperability platform for telecom operators effective March 2017.

The company was selected from three institutions that submitted tenders to provide interoperability services for mobile network operators in the country.

Sibton Switch’s amount; GH¢ 4,669,414,340.82 was relatively higher than the other two institutions that expressed interest in the contract.

The other two were; Vals Intel Limited and Mericom Solutions Limited which quoted GH¢14, 094,795.00 and GH¢ 5,465,396.06 respectively.

Telecom operators unhappy

But the development drew many criticisms from players in the telecom space.

Some argued that the move was side stepping GhIPSS which already operates an interoperable platform for banks.

Others also questioned the basis for a new company when some platforms were already giving similar opportunities to consumers.

Sibton Switch defends contract

At the time, the company’s Manager, Keiko Wantanabe explained that the quality and extent of services provided for by the platform, guaranteed its selection by the Bank of Ghana.

“It’s a long term infrastructure; it’s a retail payment system that does not just cover one party which will be interoperability for Mobile Network Operators (MNOs). It cuts across the entire retail payment systems; it comes with MNOs, banks, aggregators, merchants among others.”

But the Vice President has since ordered the suspension of the deal and tasked that GhIPSS draws a roadmap in attaining an interoperable platform for the MNOs.

–

By: Pius Amihere Eduku/citibusinessnews.com/Ghana

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