Dr. Mahamadu Bawumia, the Vice President of Ghana has successfully launched the first mobile money interoperability system today, May 10.
The system will allow customers to send money from one mobile network to another.
It will also enable customers to transfer money from their mobile money account to their bank accounts and vice versa.
The launch, according to him, is geared towards making Ghana one of the global leaders in the interoperability space.
He mentioned that, the initiative will bring about efficiency as well as save lots of money spent on maintaining currency notes in Ghana.
According to Dr Bawumia, government has two more aspects of interoperability to complete in the next couple of months.
He however urged public sector institutions to accept electronic payments.
This he said will give meaning to the various efforts involved in introducing different electronic payment channels.
He however indicated that, government will continue to work to ensure a cash-lite economy.
Report by: Stephanie Horsu