Payment Systems Advisory C’ttee a potential game changer – Technology Chamber CEO

The Ghana Technology Chamber, an organization that comprises various financial technology firms and other technology companies, has expressed confidence in the ability of the newly constituted 8-member Payment Systems Advisory Committee to transform the country’s payment ecosystem.

The Committee, chaired by the Bank of Ghana Governor, derry. Ernest Addison, is a creation of the Payment Systems and Services Act, 2019 to provide a framework for the orderly development of the country’s payment system.

In an interview with Citi Business News, technologist and CEO of the Ghana Technology Chamber, Derrydean Dadzie was emphatic that the Committee will spur the country’s payment system to the next level.

“I see the working group and the committee around it providing a host of ideas and a certain level of navigation of the Ghana payment system unto a pedestal that cannot be rivaled.

“I believe that with the set up of the committee, Ghana is positioned to become a dominant player and a benchmark when it comes to digital financial services and the fintech ecosystem and the use of regulation to create a very fluid payment industry,” he stated.

The Payment Systems Advisory Committee under the Chairmanship of Dr. Addison, as stated under Section 4(2) of Act 987, is required to advise the Bank of Ghana on regulation and oversight of the payment systems, operational and technical stands of the payment systems, and any other matters affecting payment services clearing and settlement of payments.

The eight-member committee comprises the Governor of the Bank of Ghana, Dr. Ernest Addison, Sampson Akligoh, Ministry of Finance; Archie Hesse, Ghana Interbank Payment and Settlement Systems; Evelyn Essien, Securities and Exchange Commission; Ing. Kenneth Ashigbey, Ghana Chamber of Telecommunications; Samuel Sarpong, Ghana Association of Bankers; Kwaku Kyei Ofori, National Information Technology Agency, and Charles Atuahene, Association of Ghana Industries.

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