Skip to main content

GhIPSS hails National Service e-zwich agreement

The Ghana Interbank Payment and Settlement Systems (GhIPSS) has lauded the landmark agreement to pay allowances of the over 77,000 national service personnel through the biometric e-zwich platform.
The agreement was reached after a series of collaborative consultations between the management of NSS, GhIPSS, and officials from the Controller & Accountant-General’s Department.
Mr Archie Hesse, Chief Executive Officer of the GhIPSS, told a cross-section of journalists in an interview that the deal between the two institutions would go a long way in solving the problem of payment of national service personnel.
The National Service Scheme announced a change in the mode of payment of allowances last week, saying from January 2015 payment of allowances to all national service personnel at post shall be effected through the biometric e-zwich platform.
This is to ensure that payments are made directly to national service personnel by cutting down on the existing long chain of effecting payments.
Mr Hesse said the e-zwich payment system for national service personnel would eliminate the incidence of payroll fraud while ensuring that the personnel received their allowances instantly by the press of a button.
Mr Hesse said the use of the e-zwich would remove the duplication of names on the payroll since all payment would be done from a central point.
“In the past funds would have to be sent to all the 230 districts to pay national service personnel but now everything would be done centrally to avoid the problems associated with the earlier payment of service persons,” he said.
He said apart from service persons loading their allowances on the e-zwich cards at any bank, they could also do so by using point of sale devices from registered merchants.
Additionally, Mr Hesse said, GhIPSS would provide all the 230 districts with point of sale devices to enable service persons to also load the money on the cards at no cost. 
Mr Hesse said the use of the e-zwich was convenient not only at the channel level but also at the branch since the funds could be withdrawn at any bank.
He expressed the hope that the successful execution of the payment for national service persons would pave the way for civil servants to also be paid via the e-zwich platform.
Currently, about one million Ghanaians are subscribed to the e-zwich out of which 350,000 actively use the service.
Credit: GNA


Popular posts from this blog

Deputy AG sues Facebooker over 'malicious' Ameri deal

The Deputy Attorney-General and Member of Parliament for Bolgatanga East, Mr Dominic Ayine has filed a defamation suit at an Accra High Court against a Facebook commentator, Evron Hughes.
In Mr Ayine’s statement of claim, sighted by Graphic Online, he accused Mr Hughes of defaming him in a post he authored and published on Facebook on December 21, 2015, titled “RE: AMERI TRANSACTION”.
According to the Deputy A-G, the “false and malicious” post has provoked “public disaffection” against him and exposed him to public ridicule and contempt.
Describing Mr Hughes as a “self-styled social media blogger and a social commentator”, Mr Ayine said the Facebook post had brought his hard-won reputation “as a respected politician, teacher and lawyer” into “hatred, ridicule, odium, discredit, contempt, opprobrium and reproach”.
The Deputy A-G said the “defamatory words” were authored with the sole intent to reduce him in the estimation of all right thinking Ghanaians, adding that he had received numerou…

PIAC told to go to court to enforce recommendations

By: Fred Yaw Sarpong

The Public Interest and Accountability Committee (PIAC), the mandated body to monitor the use of Ghana’s oil revenues has been asked to go to court to seek strict compliance of the laws covering accountability of oil funds in the country.

According to Dr. Steve Manteaw, the Campaign Coordinator for ISODEC and a member of the PIAC , it’s time for PIAC as a body to consider going to court to compel institutions responsible for managing Ghana’s oil revenue to answers some questions concerning the expenditure of oil funds.

He pointed out that there are several recommendations made by the PIAC in its past reports on management of petroleum revenues, and a lot of these recommendations has received no positive response from the institutions concerned.

He disclosed this to the Daily Express at a three-day workshop on Interrogating the 2016 Semi Annual PIAC Report at Koforidua in the Eastern Region.

The workshop was organized by the Institute of Financ…

BoG shuts down two financial institutions

The Bank of Ghana has closed down two financial institutions in the country. This was after the central bank investigation revealed that the two companies were operating without approval.

The two companies were Agro Development Fund Services Limited (ADFSL) and Hebron Financial Investment Limited (HFIL).

The Daily Express gathered that the ADFSL was asked to stop operating after the central bank realized the institution had not been licensed to take deposit from the public.

A statement from BoG said the ADFSL continued to operate despite the orders from the Bank of Ghana. It however closed down ADFSL’s operation until further notice.

The Bank of Ghana said that the ADFSL is located at Asufufu, opposite the Sunyani Traditional Council in the Brong Ahafo region.

“The decision to close down ADFSL is in furtherance of section 20(2) (g) of the Banks and Specialized Deposit-Taking Institutions Act, 2016 (Act 930). Bank of Ghana has investigated ADFSL thoroughly and has concluded that its a…