{"id":359504,"date":"2017-10-06T12:20:33","date_gmt":"2017-10-06T12:20:33","guid":{"rendered":"http:\/\/citifmonline.com\/?p=359504"},"modified":"2017-10-06T12:20:33","modified_gmt":"2017-10-06T12:20:33","slug":"4-6bn-interoperability-contract-now-4m-bawumia","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2017\/10\/4-6bn-interoperability-contract-now-4m-bawumia\/","title":{"rendered":"GHc4.6bn interoperability contract now $4m – Bawumia"},"content":{"rendered":"
The Vice President, Dr. Mahamudu Bawumia, has disclosed that the new interoperability system to be rolled out by the Bank of Ghana in November\u00a0 2017, will cost the country less than $4 million.<\/p>\n
The system when rolled out, will enable customers to transfer money easily across various networks. It will be managed by the Ghana Interbank Payment and Settlement Systems (GhIPSS).<\/p>\n
Speaking at the University of Cape Coast during the institution\u2019s Institutional Advancement Lecture on Wednesday, Dr. Bawumia said: \u201cThere were many people who were offering similar solutions, but thankfully, the Bank of Ghana in collaboration with GhIPSS has finally been able to solve this problem and the interoperability system for Ghana will be launched next month.\u201d<\/p>\n
[contextly_sidebar id=”6ee2BTKY5XsRyY7uObm1ZCbxJMJPtpRC”]\u201cWhat is even more remarkable about what has happened is that, again, a lot of people were quoting billions of dollars, but by the way, this system has now been built for less than $4 million dollars,\u201d he added.<\/p>\n
This new amount is a sharp contrast to an earlier GHc4.6 billion<\/strong><\/span><\/a> contract awarded to Sibton Switch Systems earlier this year by the BoG to undertake the same the project.<\/p>\n