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The system is expected to largely eliminate the difficulties associated with traditional banking services, and make banking services more accessible to the large unbanked population, estimated to be about 70%. Speaking at the launch of Ghana’s first private third party processing company, Payswitch, in Accra on Wednesday 16th May, 2018, the Vice President said Ghana’s system was unique, and the conclusion of the second phase would make it even more advanced. “What Ghana has done, which we did last week, has not been done in Africa” Vice President Bawumia declared. “We’re doing something that is unique. We are allowing interoperability between the mobile companies, so whether you are an MTN, Vodafone Tigo or Airtel user, you can send money between these operators. That is the standard type of interoperability that you see for example in Kenya or Tanzania, but we went one step ahead of that. We brought in the banks so that you have the telcos and the banks, so you can send money from your mobile phone to your bank account and from the bank account to your mobile phone. That is something that is missing in other countries in Africa and Ghana is the first country to get there.” Vice President Bawumia indicated that the second phase of the interoperability system would be fully implemented in about two months, with the tying-in of the National Switch & Biometric Smart Card Payment System, to complete http://livebetting1jk.recmydream.com the payment systems chain. “In the next couple of months we will be bringing in the e-zwich system to be part of it and we will complete the triangle between the e-zwich, the banks and the telcos. That is phenomenal, and in this context Ghana is arguably the leading country right now in Africa in the area of mobile payments interoperability. We have overtaken Tanzania, Kenya and other countries in this area.” Commending the Board, Management and Staff of Payswitch for the “tremendous work done”, the Vice President assured that the government of President Nana Akufo-Addo is committed to supporting start-ups through policies and programmes designed to ensure their success.
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July 12, 2018 / 1:18 PM / Updated 4 minutes ago Factbox: UK pins Brexit hopes on free trade deal for goods with EU LONDON (Reuters) - Britain’s government said it wanted free trade in goods with the European Union after Brexit as it tries to avoid border delays and differing rules for industry, a risk that worries carmakers, aerospace firms and other manufacturers in Britain. The proposals, which must now be negotiated with the EU, will be opposed by some lawmakers in Prime Minister Theresa May’s Conservative Party who say she wants to stay too close to the EU. Two key ministers have resigned over the plan which was released in outline form last week. Following is a summary of the proposals on trade in goods which published by the government on Thursday. - London says a free trade area with the EU for goods would be the core of its economic relationship with the bloc after Brexit and would protect the myriad supply chains and “just-in-time” processes that have flourished with Britain in the EU; - Britain and the EU would keep a common rulebook for all goods including agri-foods and London would commit to keeping up to speed with EU rules on issues needed to avoid border friction. Britain would help shape the rules — although the government conceded it would no longer have any voting rights — and parliament would have oversight for turning them into law; - Britain would participate http://livebetting0ri.journalnewsnet.com in EU agencies that govern trade in goods such as those that oversee chemicals, aviation and medicines; - a new Facilitated Customs Arrangement would remove the need for customs checks and controls for goods moving between Britain and the EU. London says it can apply EU tariffs for goods intended for the EU and its own tariffs for goods destined for Britain. It hopes that would enable it do trade deals with the rest of the world, but EU officials have sounded skeptical about the idea of Britain collecting EU import tariffs. The scheme would become operational in stages; - the government said a free trade area for goods would avoid the need for a hard border between http://ultrabetscty5w.envision-web.com Northern Ireland and Ireland which has become one of the main sticking points of the Brexit negotiation; - while manufacturing accounts for only 10 percent of Britain’s economy, the much bigger services sector will face new barriers to cross-border business, something the government said it wanted to minimize.https://www.reuters.com/article/us-britain-eu-goods-factbox/factbox-uk-pins-brexit-hopes-on-free-trade-deal-for-goods-with-eu-idUSKBN1K21W0?feedType=RSS&feedName=worldNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+Reuters%2FworldNews+%28Reuters+World+News%29