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OccupyGhana writes to Central Bank demanding for details on 'Momo'

Written by  May 17, 2018
Pressure group OccupyGhana has written to the Central Bank demanding ‘’for copies of contract documents and agreements between the Bank of Ghana (BoG) and Sibton Switch Systems Limited in relation to the Mobile Money Interoperability contract abrogated by the current Government of Ghana. We specifically require documents relating to and surrounding the termination of the Sibton Contract.’’ The pressure group in the letter signed by Kwaku Segbefia said, is also requesting for ‘’…all relevant documents pertaining to the new contract signed with the Ghana Interbank Payment and Settlement Systems Limited (GhIPSS) to execute the Mobile Money Interoperability project.’’ Vice President Bawumia launched the first mobile money payments interoperability system in Ghana on Thursday 10th May, 2018. 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.” Below is the letter from Occupy Ghana The Governor, Bank of Ghana, High Street, Accra. Dear Sir, REQUEST FOR COPIES OF ALL SIBTON SWITCH AND GHIPPS CONTRACT DOCUMENTS OccupyGhana® respectfully writes to formally request for copies of contract documents and agreements between the Bank of Ghana (BoG) and Sibton Switch Systems Limited in relation to the Mobile Money Interoperability contract abrogated by the current Government of Ghana. We specifically require documents relating to and surrounding the termination of the Sibton Contract. We, additionally, request to be furnished with all relevant documents pertaining to the new contract signed with the Ghana Interbank Payment and Settlement Systems Limited (GhIPSS) to execute the Mobile Money Interoperability project. We further request to be furnished with all related tender documents and legal opinions obtained by you in relation to the above mentioned contracts between you and the two contractors (Sibton Switch and GhIPSS). We count on you to furnish us with the requested contract and tender documents no more than 14 calendar days after the date of issuance of this letter. We would appreciate it if your good office considers our request under the enshrined citizens’ Right to Information under Article 21 of the 1992 Ghana Constitution. Yours faithfully, Kwaku Segbefia, For OccupyGhana® CC: 1. Office of the Vice President 2. The Minister Jubilee House Ministry of Finance & Economic Planning, Ministries, Accra 3. The Chief of Staff Office of the President Jubilee House Accra
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