Tag: Financial transactions
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Banks likely to give more loans if Ghana card policy takes effect – Bankers Assoc.
The Ghana Association of Bankers, says it is confident banks will be willing to give out more loans after the Ghana Card becomes the only card accepted for all financial transactions. The Bank of Ghana has directed all licensed and regulated financial institutions under the central bank, to accept only the Ghana Card for transactions…
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Ghana card critical for transactions and data collection – IT Consortium CEO
The Chief Executive Officer of IT Consortium, one of the leading financial technology companies in Africa, Romeo Bugyei, has called on government to push further for the widespread adoption of the Ghana Card to provide sufficient and credible data to strengthen transactions and boost the country’s digitization agenda. Ghana’s multiple card systems are considered a…
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BoG to consider introduction of E-Cedi to boost digital transactions in future
The Bank of Ghana has announced plans to introduce an electronic currency, E-Cedi, in the near future to enhance digital financial services in the country. According to a report by the Bank of Ghana, digital transactions such as mobile money keeps increasing in the country, while the value of cheques issued by commercial banks keeps…