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Gov’t To Launch Interoperability Of Payment System In January – Dr. Bawumia

Vice President Dr Mahamudu Bawumia has said technical works on the interoperability of the payment system has been completed and would be launched in January next year.

Interoperability of payment He said the implementation of the system would enable persons using mobile phones and traditional bank accounts to communicate and send money across networks to facilitate the formalisation of the economy and promote financial inclusion.

The Vice President said about 70 per cent of Ghanaians currently are without bank accounts, therefore, the move would make it possible to capture them into the formal economy.

“As a nation, we are supposed to innovate and enhance the growth strategy in order to overcome the fiscal limitations and create jobs and opportunities for all Ghanaians in the digital age, and no Ghanaian should be left behind in the ICT revolution,” he said.

Vice President Bawumia said this at the opening of the 2017 Innovation Week of the Advanced Information Technology Institute of the Ghana-India Kofi Annan Centre of Excellence in ICT in Accra.

The four-day event is on the theme: “Exponential Technologies and Innovation-A Key Enabler for Socio-economic Development,” which attracted Information and Communication Technology (ICT) enthusiasts, researchers, entrepreneurs, teachers and students.

The forum is designed to support the development of ICT and electronic industry in Ghana and provide opportunity for experts and enthusiasts to engage in conversations that would propel the country’s agenda of revolutionising the economy through digitisation.