Download the MiDA Newsletter, 8th Edition - MiDA Ghana

Millennium Development AuthorityA Manual Paper Credit Transfer System was introduced in2004 as a forerunner to an Automated System. This Systemoperated alongside the Semi-automated Cheque ClearingSystem until September, 2009 when both Systems were closedfollowing the introduction of the Cheque Codeline ClearingSystem.Quarterly Newsletter | Eighth Edition June, 2011The Bank of Ghana expressed satisfaction with the newpayment system deployed and urged banks to cooperatewith the Central Bank to support the Government’s efforts toimprove financial inclusiveness for all Ghanaians.Chief Executive Officer of GhIPSS, Mr Fred France, welcomedthe timely assistance of the US funded MCA Ghana Program,to accelerate the transformation of the National PaymentsSystem. He noted that even though the Bank of Ghana hascommitted substantial resources to improving the Sector, thesupport and contribution of MiDA is instrumental in makingthe deployment a success. He challenged the ParticipatingBanks, including the Major Banks, Rural Banks and Savingsand Loans Companies, to continue their marketing drive andindeed deepen the support for the GCCC and GACH Systemsto the benefit of all.Minister of Finance and EconomicPlanning, Dr. Kwabena DuffuorThe Minister of Finance and Economic Planning, Dr. KwabenaDuffuor, launched the Ghana Automated Clearing Houseand Ghana Cheque Codeline Clearing Systems and laudedthe timeliness of the deployment of the electronic ChequeClearing and Automated Clearing system in Ghana. He notedthat this new banking infrastructure “will not only increasepayment alternatives in the economy, but also provide greaterchoice for consumers and bank customers.” He was alsohopeful that these payment system infrastructures will attractnew parties to the formal sector for the benefit of the individualbusiness operators as well as efficiency in the financialintermediation process.Rev. Fred France, CEO of GhIPSSProf. Samuel Sefa-Dedeh, MiDA Board ChairmanAcapella group thrilling the audienceAudience viewing a documentary on the ChequeClearing and Automated Clearing system2