Business News of Wednesday, 13 May 2020Source: www.ghanaweb.comBankers Association kicks against decision to re-introduce fees on electronic transactionsFile photoThe Ghana Association of Bankers has kicked against the Ghana Interbank Payments and Settlements Systems (GhIPPS) decision to re-introduce waived fees charged on electronic transactions. Reacting to this development, the CEO of the Ghana Association of Bankers Daniel K Mensah said his outfit disagrees with any unilateral withdrawal of the waivers contrary to pronouncements made to the public. The fee waiver which was introduced from Monday, 23rd of March, 2020 was regardless of the volume and value of transactions. One of the key measures was that all mobile money users can send up to GH¢100 for free (excluding cash out). This subsequently led to GhIPSS announcing a waiver of transaction fees across three platforms: GhIPSS Instant Pay (GIP), Mobile Money Interoperability (MMI), and ACH Direct Credit.

Source: GhanaWeb May 13, 2020 10:52 UTC