The Managing Director of Guaranty Trust Bank Ghana; Mr. Lekan Sanusi, says banks must strive hard to be innovative as without this they risk going out of business. “Without innovation you can’t continue to remain as a business in the minds of the customers. Customers must be able to know that there’s always something new
Ghana Interbank Payment and Settlement Systems (GhIPSS) has urged banks to issue more proprietary ‘local’ ATM cards to their customers. Historically most banks in Ghana would issue international cards, which had wider footprints than local options, but the introduction of the new national switch, gh-link, is set to change that. Gh-link is a new service
MTN and Visa have partnered to offer customers a ground-breaking mobile payment solution which allows MTN Mobile Money users to make face-to-face and online transactions wherever Visa is accepted. As part of the agreement, MTN customers’ devices will be able to pay using their MTN Mobile Money account in stores with Visa Points Of Sale
Ghana Interbank Payment and Settlement Systems (GhIPSS) plans to introduce four new products on the gh-link platform next year, officials have said. The products are intended to maximise the payment platform and provide better and convenient banking to customers. The proposed products are Instant Bank Transfer, Instant Bill Payment, Multiple Account Enquiry and Identity and
The Controller and Accountant General Department (CAGD) is to introduce E-Pay slips for public sector workers soon. The system, expected on stream before the end of 2013, would enable workers to view the summary of their pay slips on mobile phones before going to the banks. Madam Grace Adzroe, Acting Controller and Accountant General, announced
Mr Archie Hesse, Chief Executive Officer (CEO) of Ghana Interbank Payment and Settlement Systems (GhIPSS) said Ghana would soon host an online internet gateway. This would make it possible for consumers to use their normal ATM cards to make payments online . He said with the launch, payment for goods and services purchased locally via
As part of efforts to enhance the delivery of affordable financial services in the country, Access Bank (Ghana) Limited has launched its first ever customer loyalty promotion dubbed “Easy Access Promo”. The promotion, which seeks to reward loyal customers of the Bank, is also aimed at deepening the savings culture in Ghana by empowering individuals
The 29th meeting of the Committee of Governors of Central Banks of the West Africa Monetary Zone (WAMZ) has taken place in Accra. The meeting provides a regular platform to review developments in the WAMZ and to chart the way forward, Welcoming participants to the meeting in Accra, yesterday, Dr Abwaku Englama, Director-General of the
Mr Seth Terkper, Minister for Finance and Economic Planning in Ghana, has stressed the need to improve confidence in electronic payments systems and infrastructure and to encourage the patronage of alternative payments systems. Mr Terkper said effective payments systems were necessary for the effective implementation of monetary and fiscal policies as well as for financial
Barclays Bank of Ghana is providing 24-hour access to financial services delivered at the ATM, enabled through NCR Corporation software. Barclays, which has operated in Ghana for more than 95 years, has installed 29 NCR SelfServ 34 ATMs featuring intelligent deposit, allowing Barclays customers to deposit cash without an envelope and get immediate, on-screen validation
