Tag: Digitization
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Implement strategies to sustain increased consumer preference for digital payments – Bawumia
Vice President, Dr. Mahamudu Bawumia, has asked African countries to introduce innovative ways and strategies to sustain the increased consumer preference for digital payments. According to him, this will ensure the smooth and effective implementation of the Pan African Payment and Settlement System (PAPSS) as well as an increase in intra-African trade. Speaking at the…
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Restoration of economic stability still on course – Dr. Bawumia
Vice President Dr. Mahamudu Bawumia has stated that the Akufo-Addo government is largely succeeding in restoring macroeconomic stability through digitisation. According to him, the government’s digitization agenda in areas such as land administration and integration of the nation’s database, plus the revision of interest rates are some of the interventions adopted to recover the economy.…
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Businesses charged to embrace digitization to stay relevant
The inability of businesses to incorporate digitization in their business models will create a void with dire consequences for their survivability post-COVID-19. This is according to the First Deputy Governor of the Bank of Ghana, Dr. Maxwell Opoku Afari. According to him, in spite of the achievements introduced by government towards building a financially inclusive…
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We need a Digital Economy Act to coordinate Ghana’s digital policies – Ernest De-Graft Egyir
As part of efforts to help facilitate government’s digitization agenda, the Ghana CEO’s Summit is pushing for a Digital Economy Act and a Ministry of Digital Economy to coordinate digital policies for the country. According to them, the unprecedented disruption by COVID-19 is accelerating the pace and the urgency for digital transformation, agility and adaptability…
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Government to reduce taxes on digital devices and spectrum costs – Bawumia
Government has announced that as part of efforts to inspire digital transformation it will reduce the high cost of data in the country, if the New Patriotic Party is re-elected into power in December. According to them, this will be done through the reduction of taxes on digital devices, reduction of spectrum and license costs,…
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A digital strategy critical for business growth post-COVID – Vodafone Ghana CEO
The Chief Executive Officer (CEO) of Vodafone Ghana, Patricia Obo-Nai, has advised businesses without a sound online and digital strategy in the era of COVID-19, to make amends. In the wake of the threat posed to business in the wake of the Covid-19 pandemic, many businesses are relying heavily on online and digital platforms to…
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#CitiBusinessFestival: Preparing for digital revolution – Ehi Binitie offers tips for businesses
Two areas have been identified as the pivot by which firms with a vision to stay in business post-COVID-19 must begin paying critical attention to. For such organizations, instituting plans for survival while investing in the right skills set to meet the emerging trends in the digital space is the panacea to revamp their operations.…
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New policies launched to speed up financial inclusion for economic transformation
In its quest to increase financial inclusion from the current 58 percent to 85 percent by 2023, the Ministry of Finance has introduced the National Financial Inclusion and Development Strategy to help create economic opportunities and reduce poverty. This strategy is part of three new initiatives introduced by government to speed up financial inclusion and…
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GhIPSS to launch Universal QR Code and Proxy Pay platforms today
The Ghana Interbank Payment and Settlement Systems, GhIPSS, will on Wednesday, March 25, 2020, launch the Universal QR Code and Proxy Pay platforms as part of measures to enhance digitized payments as the government pursues its cashless agenda. The code will among other things help businesses including those in the informal sector accept payments for…
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Containing COVID-19: GhIPSS removes charges on all electronic payments
As part of efforts to promote and encourage the use of digital payment options to limit the possible spread of the Coronavirus through the use of cash, the Ghana Interbank Payment and Settlement Systems Limited (GhIPSS), has waived off fees on all electronic payments services used by its partner financial service providers. The fee waiver,…