No Result
View All Result
Tuesday, October 3, 2023
Citi Business News
  • Home
  • News
    • All
    • Agriculture
    • Economy
    • General
    • Government
    • Local Economy
    • Top Stories

    The Geopolitical Forces Driving Today’s Oil Market

    IMF raises concerns over the energy transition price tag

    Billion dollar opioid addiction market fuels Nigeria’s drug crisis

    Govt defaults on paying pension contributions for public sector workers

    Punitive domestic tariffs threaten African trade

    Traders bare teeth at GRA; issue ultimatum to govt over tax compliance exercise

    Prices of petroleum products to rise marginally in October – IES

    Dollar makes modest gains against Cedi in October amidst periods of relative stability

    Gross insurance premiums decline in H1; but industry outlook remains positive

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

    The Geopolitical Forces Driving Today’s Oil Market

    IMF raises concerns over the energy transition price tag

    Prices of petroleum products to rise marginally in October – IES

    FBNBank Ghana launches Akye promotion

    AGI advocates for innovative policies to support SMEs

    Transport owners and the missing NPA: who assured Sentuo to import BRVs?

    BOST clarifies amount paid for iPhones bought for company executives

    Fuel prices to remain fairly stable at the pumps – COPEC

    Restructuring NIB’s balance sheet won’t fix solvency challenges – Banking consultant cautions

  • TECHNOLOGY

    Nigeria Aims for $5 Billion Tech Investment by 2027

    Genius IT Foundation achieves STEM.org accreditation

    Pharmaceutical Society charged to utilize AI to transform industry

    Apple says iPhone and iPad apps will show up on the vision OS App Store from the get-go

    China launches $41 billion fund to accelerate semiconductor industry

    Digital marketing: Event managers urged to explore growth opportunities

    Govt. urged to commit more investments to enhance AI competencies

    Stakeholders in digital ecosystem charged to do more to protect child privacy

    Cyber hygiene key for public safety – Dr. Albert Antwi Boasiako

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

    Billion dollar opioid addiction market fuels Nigeria’s drug crisis

    Nigeria Aims for $5 Billion Tech Investment by 2027

    Punitive domestic tariffs threaten African trade

    South Africa adds Ghana to E Visa list

    Ofori-Atta commends G20 for AU’s inclusion, urges common voice

    Nine ventures announced for Africa Money and DeFi Summit investment showcase

    African Union to launch regional credit rating agency in 2024

    New study reveals alarming food access disparity affecting 650 million Africans

    Global food price index declines in August

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

    The Geopolitical Forces Driving Today’s Oil Market

    IMF raises concerns over the energy transition price tag

    Billion dollar opioid addiction market fuels Nigeria’s drug crisis

    Govt defaults on paying pension contributions for public sector workers

    Punitive domestic tariffs threaten African trade

    Traders bare teeth at GRA; issue ultimatum to govt over tax compliance exercise

    Prices of petroleum products to rise marginally in October – IES

    Dollar makes modest gains against Cedi in October amidst periods of relative stability

    Gross insurance premiums decline in H1; but industry outlook remains positive

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

    The Geopolitical Forces Driving Today’s Oil Market

    IMF raises concerns over the energy transition price tag

    Prices of petroleum products to rise marginally in October – IES

    FBNBank Ghana launches Akye promotion

    AGI advocates for innovative policies to support SMEs

    Transport owners and the missing NPA: who assured Sentuo to import BRVs?

    BOST clarifies amount paid for iPhones bought for company executives

    Fuel prices to remain fairly stable at the pumps – COPEC

    Restructuring NIB’s balance sheet won’t fix solvency challenges – Banking consultant cautions

  • TECHNOLOGY

    Nigeria Aims for $5 Billion Tech Investment by 2027

    Genius IT Foundation achieves STEM.org accreditation

    Pharmaceutical Society charged to utilize AI to transform industry

    Apple says iPhone and iPad apps will show up on the vision OS App Store from the get-go

    China launches $41 billion fund to accelerate semiconductor industry

    Digital marketing: Event managers urged to explore growth opportunities

    Govt. urged to commit more investments to enhance AI competencies

    Stakeholders in digital ecosystem charged to do more to protect child privacy

    Cyber hygiene key for public safety – Dr. Albert Antwi Boasiako

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

    Billion dollar opioid addiction market fuels Nigeria’s drug crisis

    Nigeria Aims for $5 Billion Tech Investment by 2027

    Punitive domestic tariffs threaten African trade

    South Africa adds Ghana to E Visa list

    Ofori-Atta commends G20 for AU’s inclusion, urges common voice

    Nine ventures announced for Africa Money and DeFi Summit investment showcase

    African Union to launch regional credit rating agency in 2024

    New study reveals alarming food access disparity affecting 650 million Africans

    Global food price index declines in August

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

Bawumia launches Integrated ICT System for MASLOC

May 13, 2020
in Local Economy, TECHNOLOGY
Share on FacebookShare on TwitterShare on Whatsapp

The Vice President, Dr. Mahamudu Bawumia, on Tuesday, May 12, launched the Integrated ICT System, which automates all the operations of the Microfinance and Small Loans Centre (MASLOC) in the country.

Speaking at the Jubilee House, Dr. Bawumia said the system is an information technology solution that would address payment and settlement challenges of MASLOC and bring about efficiency into its operations.

The platform, which is a collaboration between the Centre and the ARP Apex Bank, and is designed by Eban Capital, automates end-to-end process of credit management, loan application, credit assessment, disbursement of loan repayment and monitoring, and reporting all to make loans assessable.

ADVERTISEMENT

Persons who wish to apply will need the business name, TIN, a digital address, passport picture and a valid identity card, among other things.

The Vice President commended the Board and CEO of MASLOC for the move because it is in line with the President’s vision to digitize government operations as much as possible, as well as all aspects of the economy, to make Ghana the most business-friendly economy.

He said before the Covid-19 pandemic, the government had embarked on an aggressive digitization programme.

Dr. Bawumia added that the pandemic had reaffirmed the position of the President that building a digital economy was the way go, adding that “the COVID-19 has been destructive in many ways, but destructive events can catalyze change for the better.”

He said it would not be business as usual after this crisis, and that there would be increased reliance and confidence in technology, with online payment systems radicalized, leaving institutions with no option but to subscribe to digital service delivery.

Dr. Bawumia said Ghana is on course as far the digitization is concerned, and that the architecture that they are putting in place is preparing the country well for the post-COVID-19 global economy.

He said MASLOC is poised to effectively deliver on its objectives by providing funds for SMEs, especially the unbanked population who formed a greater percentage of the informal sector of the economy, and also position the Centre for the next world order of service delivery.

He explained that this would also help enhance government’s efforts at formalizing the informal sector of the economy, and commended the partnership with ARB Apex Bank because a lot of the SMEs were very much in the informal sector and still unbanked.

“This system will help us not to only reach the unbanked, but also formalize the economy because it will require a TIN number, digital address among others.”

He added that the digitization would also bring more efficiency into the operations of MASLOC.

Source: Jude Duncan / citinewsroom.com
Tags: Dr. Mahamudu BawumiaIntegrated ICT SystemMASLOC
Previous Post

Ghana’s economy couldn’t withstand partial lockdown beyond 3-weeks – Ofori-Atta

Next Post

Registrar-Generals Department extends date for filing of annual returns for 3 months

Next Post
Jemima Oware, Registrar-General.

Registrar-Generals Department extends date for filing of annual returns for 3 months

Accra Kotoka International Airport Arrivals
ADVERTISEMENT
Citi Business News

© 2023 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

© 2023 Citi Business News - CitiBusinessNews.com by CNR Digital.