No Result
View All Result
Friday, March 24, 2023
Citi Business News
  • Home
  • News
    • All
    • Agriculture
    • Economy
    • General
    • Government
    • Local Economy
    • Top Stories

    Support Ghana’s efforts to restore debt sustainability – IMF to bilateral creditors

    Talks with China over $1.7bn debt positive, encouraging – Ofori-Atta

    China to seek proper resolution with Ghana over $1.7bn debt

    GSE signs MoU with MIIF to increase listing of mining companies

    Ghana Best Cocoa Farmers Association lauds COCOBOD boss

    Consider cocoa pricing in your legislation – COCOBOD CEO to EU

    Fitch upgrades Ghana’s Long-term local-currency IDR from ‘RD’ to ‘CCC

    Producer Price Inflation drops to 50.8% in February 2023

    Growth and Sustainability Levy will stifle growth of local oil service companies – Upstream Petroleum Chamber

  • Business
    • All
    • Agribusiness
    • Banking And Finance
    • Manufacturing
    • Markets
    • Mining
    • Oil And Gas
    • Real Estate
    • Tourism
    • Transport

    Industry experts convene to discuss diversification strategies for pension funds

    It’s time to give women top posts in multilateral institutions – GCBL Chairman 

    Global Chamber of business leaders enters into partnership with IEFS

    Gold for Oil policy will save Ghana $4.8bn annually – Veep

    Energy Minister scheduled to speak on Ghana’s near-term opportunities at NAEPEC 2023

    Standard Chartered appoints Ebenezer Twum Asante as Chairman of Board of Directors

    Abena Amoah named in WFE’s top 20 women leaders

    International Women’s Day: Female engineering students tour Karpowership

    BoG directs banks to submit prudential reports on sex-disaggregated basis

  • TECHNOLOGY

    Cyber Security Authority commences licensing and accreditation regime

    Twitter is reportedly planning to charge businesses $1,000 per month to keep gold verified checks

    Ghana withdraws $672m back-tax demand from MTN Group

    MTN to fight $773m tax bill from government

    Telcos to implement 1% E-Levy charge from today

    Huawei Equips 500 Traders in FinTech

    Africans urged to bolster adoption of Bitcoins

    What does 2023 hold? Predictions in payments for the year ahead for Africa

    Meta considered building a Twitter competitor to capitalize on Elon Musk’s ‘crisis’ at company

  • INTERNATIONAL
    • All
    • Africa
    • Asia
    • Europe
    • Middle East
    • US

    Silicon Valley Bank crisis: What led to stock crash, what lies ahead?

    Medical devices market projected to expand by $ 7.1 billion by close of year

    African Union adopts Africa Prosperity Dialogues AfCFTA action plan

    Third World Network Africa urges Africans to be strategic about AfCFTA

    5 important things to know about the African Continental Free Trade Area agreement

    $130bn and $170bn needed annually to bridge Africa’s infrastructural gap – Bawumia

    Feed Africa Summit: African Development Bank to commit $10bn to make continent breadbasket of the world

    Nigeria’s national debt hits an all time as the country struggles with repayment

    What does 2023 hold? Predictions in payments for the year ahead for Africa

  • FEATURES
  • Videos
Citi Business News
  • Home
  • News
    • All
    • Agriculture
    • Economy
    • General
    • Government
    • Local Economy
    • Top Stories

    Support Ghana’s efforts to restore debt sustainability – IMF to bilateral creditors

    Talks with China over $1.7bn debt positive, encouraging – Ofori-Atta

    China to seek proper resolution with Ghana over $1.7bn debt

    GSE signs MoU with MIIF to increase listing of mining companies

    Ghana Best Cocoa Farmers Association lauds COCOBOD boss

    Consider cocoa pricing in your legislation – COCOBOD CEO to EU

    Fitch upgrades Ghana’s Long-term local-currency IDR from ‘RD’ to ‘CCC

    Producer Price Inflation drops to 50.8% in February 2023

    Growth and Sustainability Levy will stifle growth of local oil service companies – Upstream Petroleum Chamber

  • Business
    • All
    • Agribusiness
    • Banking And Finance
    • Manufacturing
    • Markets
    • Mining
    • Oil And Gas
    • Real Estate
    • Tourism
    • Transport

    Industry experts convene to discuss diversification strategies for pension funds

    It’s time to give women top posts in multilateral institutions – GCBL Chairman 

    Global Chamber of business leaders enters into partnership with IEFS

    Gold for Oil policy will save Ghana $4.8bn annually – Veep

    Energy Minister scheduled to speak on Ghana’s near-term opportunities at NAEPEC 2023

    Standard Chartered appoints Ebenezer Twum Asante as Chairman of Board of Directors

    Abena Amoah named in WFE’s top 20 women leaders

    International Women’s Day: Female engineering students tour Karpowership

    BoG directs banks to submit prudential reports on sex-disaggregated basis

  • TECHNOLOGY

    Cyber Security Authority commences licensing and accreditation regime

    Twitter is reportedly planning to charge businesses $1,000 per month to keep gold verified checks

    Ghana withdraws $672m back-tax demand from MTN Group

    MTN to fight $773m tax bill from government

    Telcos to implement 1% E-Levy charge from today

    Huawei Equips 500 Traders in FinTech

    Africans urged to bolster adoption of Bitcoins

    What does 2023 hold? Predictions in payments for the year ahead for Africa

    Meta considered building a Twitter competitor to capitalize on Elon Musk’s ‘crisis’ at company

  • INTERNATIONAL
    • All
    • Africa
    • Asia
    • Europe
    • Middle East
    • US

    Silicon Valley Bank crisis: What led to stock crash, what lies ahead?

    Medical devices market projected to expand by $ 7.1 billion by close of year

    African Union adopts Africa Prosperity Dialogues AfCFTA action plan

    Third World Network Africa urges Africans to be strategic about AfCFTA

    5 important things to know about the African Continental Free Trade Area agreement

    $130bn and $170bn needed annually to bridge Africa’s infrastructural gap – Bawumia

    Feed Africa Summit: African Development Bank to commit $10bn to make continent breadbasket of the world

    Nigeria’s national debt hits an all time as the country struggles with repayment

    What does 2023 hold? Predictions in payments for the year ahead for Africa

  • FEATURES
  • Videos
No Result
View All Result
Citi Business News
No Result
View All Result

We will save Ghana money with interoperability – GhIPSS

bycitibusinessnews
May 23, 2017
in Banking And Finance, Government, Local Economy, Top Stories
Archie Hesse - CEO of GhIPSS

Archie Hesse - CEO of GhIPSS

Share on FacebookShare on TwitterShare on Whatsapp

The Ghana Interbank Payment and Settlement Systems (GhIPSS), has given indication that it will cost the country relatively cheaper with the provision of mobile money interoperability.

According to GhIPSS, its mandate to provide the platform should save the country huge sums of money.

The CEO of GhIPSS, Archie Hesse made the remarks when he addressed some journalists to mark the company’s 10 years of operations.

ADVERTISEMENT

“It is important that we do have an infrastructure that we are currently using for the banks so it is very likely that we will not buy new systems if at all maybe upgrade so we will be riding on the back of the current infrastructure,” he opined.

Mr. Hesse added, “Under the circumstances, if you have an infrastructure that you might need to perform a function, it’s most likely to be cheaper than starting from the scratch.”

GhIPSS was tasked with the mandate after a botched agreement with Sibton Switch systems early this year.

The company, which had won a bid after competing with two others, quoted 4.6 billion cedis as the cost of operating an interoperable system for the telcom operators.

The Vice President, Dr. Bawumia at the first National Policy Summit also asserted that the interoperable system should be functional by November 2017.

In his view, this formed part of the government’s efforts at increasing financial literacy and attain a cashless economy in the short to medium term.

GhIPSS is however yet to complete the business requirement after which it will launch into the six month timeline for interoperability.

Though he wouldn’t readily disclose how much it will cost the outfit to develop the system, Mr. Archie Hesse tells Citi Business News his outfit will work in the best interest of the country.

“What we are doing is to look at what the business requirements are and then try to ascertain what systems will be needed to perform that task; if it is that it is to cost 1 cedi or 12 billion cedis, then that will just be the case. We will only have one company; GhIPSS that will perform the function.”

–

By: Pius Amihere Eduku/citibusinessnews.com/Ghana

Related Posts

Local Economy

Support Ghana’s efforts to restore debt sustainability – IMF to bilateral creditors

bycitibusinessnews

The International Monetary Fund (IMF) has called on all bilateral creditors to support Ghana's efforts to restore debt sustainability, as...

Read more

Talks with China over $1.7bn debt positive, encouraging – Ofori-Atta

China to seek proper resolution with Ghana over $1.7bn debt

GSE signs MoU with MIIF to increase listing of mining companies

Ghana Best Cocoa Farmers Association lauds COCOBOD boss

Consider cocoa pricing in your legislation – COCOBOD CEO to EU

Fitch upgrades Ghana’s Long-term local-currency IDR from ‘RD’ to ‘CCC

Next Post

Loss-making Air Namibia wins permit to fly into U.S

Video on Demand: Business Weekly

ADVERTISEMENT
Citi Business News

© 2019 Citi Business News - CitiBusinessNews.com by CNR Digital.

Navigate Site

  • Home
  • News
  • Business
  • TECHNOLOGY
  • INTERNATIONAL
  • FEATURES
  • Videos

Follow Us

No Result
View All Result
  • Home
  • News
  • Business
  • TECHNOLOGY
  • INTERNATIONAL
  • FEATURES
  • Videos

© 2019 Citi Business News - CitiBusinessNews.com by CNR Digital.