February 07, 2011
Accra, Feb. 7, GNA – The management of Ghana Interbank Payment and Settlement Systems (GhIPSS) will begin a sensitisation programme onthe Automated Clearing House (ACH) from the end of February.
ACH, which is largely an electronic funds transfer system, went live about two months ago. It makes transfer of funds lesscumbersome and less expensive.
According to officials of GhIPSS, all the banks would be involved in the sensitisation programme while close to 200 other companies would also be covered.
Thesensitisation is part of the roll out plan for the ACH and it is intended to increase participants’ understanding of the system and how it can be applied extensively to improve on the payment system.
In an interview with the Ghana News Agency, the General Manager in-charge of Project and Business Development, Mr Archie Hesse said participants would be educated on the various uses and benefits ofACH.
The first part of the campaign, which is slated for the last week of the month, would solely be for the financial institutions.
Mr Hesse said although staff of the financialinstitutions had already been trained on how to use the system, the sensitisation was intended to further expose them to the variety of uses to which the ACH could be put to.
The second part of thesensitisation programme in March would cover various companies whose activities evolve around regular transfer of funds.
It would include insurance companies, Oil Marketing Companies, haulagecompanies and utilities as well as telecommunications companies.
Other participating companies in the exercise include airlines, mining companies, manufacturing and automobile dealers.
MrHesse explained that the programme would be extensive and would cover most sectors.
The first two programmes would be held in Accra but the third part of the sensitisation would be held for...