Home BusinessBanking Ghana: BoG Commends It Consortium for Country’s Digital Transformation Agenda

Ghana: BoG Commends It Consortium for Country’s Digital Transformation Agenda

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The Bank of Ghana has lauded leading Ghanaian tech company, IT Consortium for completely supporting the digital transformation agenda of the Ghanaian financial services industry with digital solutions relevant to the developmental needs of the country.

A stellar example is the chango crowdfunding product, the first of its kind by a licensed institution in Ghana, introduced to improve on the traditional “susu” model for raising funds among a group of persons.

Speaking at the 20th anniversary launch of ITC, First Deputy Governor, Dr Maxwell Opoku-Afari said ITC’s contribution to the “conceptualisation, designing and implementation of the flagship Ghana.Gov platform which is at the core of the digital economy project is laudable.”

Ghana.gov is the yet to be launched government online platform through which Ghanaians can apply for passport, birth and death certificates, drivers licence, register companies, pay utility bills and access many other service from state institutions and pay directly online.

It was conceptualised, designed and built by ITC and two other local fintechs, Hubtel and ExpressPay.

Dr Opoku-Afari pointed out that despite somewhat the hostile environment for Fintechs at the time, ITC demonstrated an unusual appreciation of BoG’s direction of financial sector development, and they have competently supported the digital transformation agenda of the Ghanaian financial services industry with digital solutions relevant to Ghana’s developmental needs.

“A stellar example is the chango crowdfunding product, the first of its kind by a licensed institution in Ghana, introduced to improve on the traditional “susu” model for raising funds among a group of persons,” he noted.