Government has disclosed that it will roll out the mobile money interoperability system in May this year \u2013 2018.<\/p>\n
This latest date comes after\u00a0missing about three initial timelines<\/a><\/strong><\/span>\u00a0for the implementation of the policy.<\/p>\n The mobile money interoperability is to allow consumers transfer money across all mobile networks without any restrictions.<\/p>\n This is also in fulfillment of driving a cash lite economy in Ghana.<\/p>\n The Vice President, Dr. Mahamudu Bawumia is confident the policy will help attract more investments and enhance financial inclusion in the country.<\/p>\n \u201cThere is a lot of work that has been done and I am happy to say that all things being equal, in May which is in a couple of months\u2019 time, we expect to launch Ghana\u2019s interoperable system. It is really going to be the vehicle for true interoperability as well as financial inclusion.\u201d<\/p>\n \u201cThis means that all the mobile companies and all the bank accounts will be interoperable and so we are providing this vehicle for financial inclusion and it will help us also move towards a cashless society,\u201d the Vice President added.<\/p>\n The Ghana Interbank and Settlement Systems (GhIPSS) has since been mandated to provide the interoperability platform for the players in the ecosystem.<\/p>\n The contract to GhIPSS came after a\u00a0botched agreement with Sibton Switch<\/a><\/strong><\/span>\u00a0which had earlier agreed to offer the service for some 4.6 billion cedis.<\/p>\n The Vice President for the first time gave the GhIPSS a November 2017 deadline.<\/p>\n This was extended to January 2018.<\/p>\n