Tag: cashless economy
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#CitiBusinessFestival: Participants laud Ghana’s progress in building a cashless economy
Participants of the first Citi Business Festival virtual forum on have acknowledged the country’s efforts towards building a cashless society. Sharing their experiences at the forum which aired on Citi TV via zoom, they shared spoke of the successes chalked so far, as well as the challenges that need to be surmounted to ensure that…
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#CitiBusinessFestival: Fintech business now much easier in Ghana – IT Consortium CEO
The Chief Executive Officer of IT Consortium, Romeo Bugyei, has highlighted the critical role the Ghana Interbank Payment and Settlement Systems (GhIPSS) has played in Ghana’s fintech space since its inception in May 2007. Speaking on the Citi Business Festival virtual forum on Citi TV, Mr. Bugyei pointed out that the centralized infrastructure provided by…
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New cedi denominations won’t affect cashless agenda – Hubtel CEO
The introduction of the new cedi denominations by the Bank of Ghana, will have little or no impact on government’s drive towards a cashless economy. That’s according to Alex Bram, the CEO of Hubtel Ghana, an e-Commerce platform, . Government has targeted 2020 to migrate all state-owned institutions to cashless systems from the manual receipt of monies…
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Cashless economy: New Payment Bill before cabinet
Cabinet is currently considering the new Payment Systems and Services Bill for onward submission to Parliament for passage soon. The eventual passage of the law should address all outstanding concerns that have emerged following the rise in the use of digital technology. The Head of the Payment Systems Department of the Bank of Ghana, Dr.…