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The Ghana Interbank Payment and Settlement Systems (GhIPSS), a subsidiary of the Bank of Ghana, and partner institutions have embarked on public education to create awareness and to drive patronage of Ghana’s Universal Quick Response code for payment.
Vice-President Mahamudu Bawumia launched the GhQR last year to add up to Ghana’s existing electronic payment channels as part of the larger cash-lite agenda.
The use of GhQR is expected to experience significant growth as more than 15 institutions, comprising 11 financial institutions and four payment service providers had gone live with the service.
Speaking on the development, Mr Archie Hesse, Chief Executive of GhIPSS, commended the institutions that have gone live with the service and expressed hope that the remaining players in the industry would quicken their processes to enable customers to enjoy the service.
Dr Mahamudu Bawumia will from January 7, 2021, serve another four year-term as the V ice President of Ghana.
He partnered President Akufo-Addo as a running mate to garner more than 6.7 million votes to beat the main opposition National Democratic Congress’ candidate Mr John Mahama who polled 6.2 million votes.
The astute Economist and a Banker was elected the 7th Vice President of the Ghana’s fourth Republic.
He was for the fourth time nominated as the running-mate of the New Patriotic Party’s (NPP) Flag-bearer for the December, 2020 Election, Nana Addo Dankwa Akufo-Addo.
Dr Bawumia has championed the Government’s digitisation agenda to make the Ghanaian economy financially-inclusive and expand the tax net to the informal sector of the economy.