The Vice President of the Republic, Dr Mahamudu Bawumia, has launched what has been described as the world’s first dual purpose EMV and financial inclusion payment card in Accra.
Known as the Gh Dual Card, the new product, being rolled out by the Ghana Interbank Payment and Settlement Systems Limited (GhIPSS), is a two-in-one payment card that has both the e-zwich and gh-link applications. It can therefore be used either as e-zwich, gh-link or both as desired on payment platforms.
According to officials of GhIPPS, the card has been designed to give cardholders access to both funds on their e-zwich cards and in their bank accounts at the same time, and seeks to eliminate the inconvenience that comes with carrying multiple Cards.
The card can be used by cardholders for any point of sale purchase across merchant locations; ATM cash withdrawals; ATM PIN change; and Balance Enquiry. Thus, any customer who has an e-zwich card and also owns a bank account can opt for a Gh Dual Card instead of two separate cards.
Speaking at the launch ceremony on Wednesday, 7th August, 2019, Vice President Bawumia celebrated the strides Ghana continues to make in the quest for greater financial inclusion, in order to ensure holistic national development.
“We have in the past two years seen a convergence towards electronic based services as a country and it is a deliberate policy by His Excellency President Nana Addo Dankwa Akufo-Addo, to use technology to drive efficiency as we grow the economy and move Ghana beyond aid. Many a time we tend to look at what other countries are doing without recognizing the great strides we are making.
“Today, thanks to the hard work of GhIPSS and partner institutions such as the banks, Telcos and Fintechs, financial inclusion and intermediation has improved significantly. Ghanaians can now move funds seamlessly across the various payment platforms: mobile wallets, e-zwich wallets and bank accounts.
“This dual card is part of the payment system architecture that we are putting in place. What we are launching today, which is the dual e-zwich card and gh-link card, is a world first; its not happened anywhere in the world. It is the first time that any country in the world is issuing this combined EMV card and a financial inclusion card. It is remarkable, and will further promote financial inclusion in Ghana.
“In the payment systems space, and I’m not shy about saying this, it is clear that Ghana is now the undisputed leader in Africa.”
Vice President Bawumia continued,
“There is no doubt that Ghana’s Interoperable platforms have improved significantly our National Financial Inclusion drive. It has served well the financially excluded and underserved. Now, practically, everyone has access to basic banking services. Many people have been roped into the formal banking environment by virtue of the convenience created by the interoperability and people are accessing credit as well as investing through their mobile phones.
“With where we have gotten to as a country and the passage of the Payment Systems and Services Act, which the President has assented to, the sky is no longer the limit.”
“I Haven’t Regretted Investing In Music. – NAM 1
CEO of Zylofon Music Nana Appiah Mensah aka NAM 1 has emphasised that he has no regrets venturing into the music industry.
He stated that as a business person he made a business decision not to benefit right away but to help grow it for generational value.
NAM 1 was answering questions from media men & women at a press conference to address the well-publicized issues surrounding his institutions.
After its founding, Zylofon Music signed top music artistes Stonebwoy, Shatta Wale, Becca, Highlife act Kumi Guitar, rapper Kumi Guitar and gospel musician Joyce Blessing.
Caroline Esinam Adzogble Appointed Ambassador Of GOA Institute Of Management To Africa.
Study abroad programs have long been focused in Europe & the USA, leaving out great opportunities on other continents, especially Asia and more precisely the country of India. In a move to change this narrative; The GOA institute of management have appointed Caroline Esinam Adzogble as African ambassador; a role that will see her champion study opportunities at the GOA institué of management, to students all across Africa.
Caroline Esinam Adzogble; a seasoned Educational consultant and a champion for better educational opportunities across Africa, adds this to her many achievements in the sector of education across the continent.
The role she says will come with scholarship opportunities for potential post graduate students across Africa; A chance to further your education in a university that gives you first hand opportunities to work and study at the same time.
After 5 years of running educational consultancy services under her firm ‘IAES’ in Ghana, Caroline makes this new move under the International University Services; an educational firm based in Europe.
The GOA institute of management; is a top ranking postgraduate university in the GOA province of India. Interested students can email [email protected] or visit the IUS website www.theiuservices.com for more information about it’s partnerships with global universities.
Mike Tyson’s 420-Acre Weed Ranch Rakes In $500K A Month.
Mike Tyson is building a cannabis empire and soaking up ever blissful moment of it, literally. The weedtrepreneur recently revealed on his star-studded podcast that he and his crew basically smoke 10 tons of weed every single month at his marijuana resort, Tyson Ranch.
ICYMI: 52-year-old Mike Tyson is living a retired man’s dream! After putting up his boxing gloves, Mike made a swift career change, buying 420-acres of land in California City to run a company called The Ranch Companies, which specializes in all things weed.
According to GQ, Tyson and his company are working on breaking ground on Tyson Ranch. The ranch will serve as a luxury weed resort and “there are plans for a luxury hotel and retail stores and facilities for glamping, an amphitheater for concerts, and Tyson University, where experts will teach cannabis-cultivation techniques to future farmers.
"The proposed plans for Tyson Ranch, Mike Tyson's luxury weed resort.
On his most recent episode of his podcast, Hotboxin' with Mike Tyson, Mike and his co-host, Eben Britton, sat down with Jim Jones to talk about both Mike and Jim’s booming weed businesses. When Mike asked his co-host how much weed he thinks they smoke at their ranch, Eben said, “We smoke 10 tons of weed at the ranch every month,” in which Mike responded, “That’s like $40K.” We were just as surprised as Jim Jones to hear that lofty number!
The former rapper also revealed in the video that he once spent $7 million on a diamond chain! If you were wondering how much dough Mike is raking in from his weed business, he's approximately selling $500,000 worth of cannabis products every month. So it makes sense that they can smoke that much weed and lofty jewelry.
The former fighter went on to dish about his budding weed resort, saying, “We gon’ make this like an oasis in the desert, man.” While you wait in anticipation for Mike Tyson to break ground on his stoner paradise, check out his website here!
“Menzgold To Possibly Rebound Soon. – Nana Appiah Mensah
Chief Executive Officer (CEO) of Menzgold Ghana Limited, Nana Appiah Mensah popularly known as NAM 1 has stated that, he will dissertate on the recent developments and state of affairs of the gold dealership entity and his subsidiary companies to the Ghanaian traditional mass communication (broadcasting, publishing, and the Internet) media regarded collectively.
With the location yet to be made known to public, the event is scheduled for Monday, 19th August, 2019 and and has the objective of providing final practical resolutions to all pending teasing, indistinct matters that impeded and retarded the progress of the firm, assuring that, the action of solving the contentious Menzgold fracas will result to a highly possible rebound soon of the gold dealership firm.
He made this statement, Wednesday, 14th August, 2019 via his twitter handle.
Nana Appiah Mensah, was sued for defrauding by false pretences, money laundering, abetment and carrying on deposit-taking business without licence contrary to Section 6 (1) of the Banks and Specialised Deposit-taking Institutions Act. He was accused for illegally obtaining an estimated GHS1.68 billion from his customers.
According to the charge sheet, the money was from 16,000 people who invested a total of GHc1,680,920,000 in the company. The sheet indicated that Mr Appiah Mensah’s two companies — Brew Marketing Consult and Menzgold Ghana Limited; represented by him, have also been charged with defrauding by false pretence.
He arrived in Ghana on July 11, 2019, where he was picked up by security operatives at the Kotoka International Airport and sent to the Criminal Investigations Department (CID) of the Ghana Police Service for interrogation after spending several months in Dubai in another legal battle.
Nana Appiah Mensah was released from police custody on August 5 after he met the reviewed bail conditions. He secured his freedom on bail after his lawyers managed to meet the bail conditions set by an Accra circuit court. The court had initially set bail at ¢1 billion with five sureties.
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