The National Lottery Authority (NLA) says its e-kiosk model will promote the cash-lite agenda, which has been the core objective of many countries in the World.
Through a collaborative engagement with the Ghana Revenue Authority (GRA), Banks, Telecommunication Companies, Ghana Water Company Limited, Power Distribution Services Ghana and other agencies are set to roll out a full Cash-lite System in the Country with its e-kiosk model.
The NLA currently has about 10, 000 Sales Centres across the country and coming on board with the Solar-powered e-kiosk, the Authority is aimed at increasing its sales Centres to about 40, 000.
A Statement signed by the Public Relations Unit of the NLA and copied to the Ghana News Agency said it was one of the practical ways to improve the digitisation of the Ghanaian Economy.
It said this approach of business model would provide easy accessibility, availability and connectivity to customers and that the e-Kiosks would help to usher the country into a full Cash-lite society and create jobs for the youth.
“The solar-powered e-Kiosk is expected to be the game-changer in the Financial System of Ghana thereby making Ghanaians to enjoy a full financial inclusion,” it said.
It said the NLA’s Cash-lite Policy would ensure interoperability between bank accounts, mobile money wallets, Point of Sales Terminals (POS), Value Added Tax and other electronic payment platforms.
This is due to its Socio-economic benefits, safety and security of cash flow, uninterrupted rotation of cash from one wallet to the other, convenience, reliability and connection of Cash, easy tracking and monitoring of cash flow, fight against money laundering and effectiveness and efficiency.
The statement said the policy was aimed at reducing the amount of physical cash circulating in the economy and encouraging more electronic-based transactions.
It said Ghana has the baseline infrastructures such as RTGs, Automatic Teller Machines and POS Switches coupled with mobile money Interoperability for the purpose of achieving a Cash-lite economy.
It said the Payment and Settlement Act passed by Parliament in March this year empowered the Bank of Ghana to establish, operate and promote any course that thrived the electronic payments system in the Country.
It said although the country has chalked quite some success in electronic payments, it was still not adequate enough to propel the Country into a Cash-lite Society as physical cash transaction was still common in Ghana.