e-zwich payment under GSOP increases

Accra, Sept. 22, GNA – The payment of
beneficiaries of the Ghana Social Opportunity Project (GSOP) via e-zwich has
seen phenomenal growth, rising from GH₵38,000.00 in February 2015 to GH₵3.8
million paid in August this year.

The volume of e-zwich transactions has also
shot up from 503 to 34,169 over the same period. This is contained in a report
by Ghana Interbank Payment and Settlement Systems (GhIPSS), operators of
e-zwich.

Since GSOP begun using e-zwich in February
last year till August this year, a total amount of GH₵20.8 million has been
paid through the biometric payment system while the total volume of
transactions stands at 181,713.

GSOP is one of the social interventions by
government. It is a labour intensive Public Works project, which identifies
various projects within rural areas and engages people within those areas to
work.

The beneficiaries are paid the daily minimum
wage.

It is a World Bank funded project under the
Ministry of Local Government and Rural Development. A dedicated team and the
various district assemblies manage the daily activities of the project.

The project is currently running in 60
districts in all the10 regions.

The phenomenal growth in the volume and value
of the e-zwich transactions by GSOP has been attributed to the benefits that
the payment system provides.

The use of e-zwich to pay people engaged under
GSOP has ensured that the right beneficiary and the right amount are paid, and
paid on time.

It has also provided a transparent audit trail
and reduced the possibility of corruption and other malfeasance.

In an interview, the Chief Executive of
GhIPSS, Archie Hesse commended GSOP for choosing e-zwich and for the confidence
reposed in the payment system.

He encouraged beneficiaries of GSOP and others
who receive funds on e-zwich cards to cultivate the habit of using their cards
to make payments on hybrid POSes, when they visit shops.

He said the agenda to reduce cash transaction
was on course and urged the public to embrace the new trend.

GNA

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