Audio By Carbonatix
Managers of the Codeline and Check Clearing System say bank customers countrywide should pressure their banks to ensure they are credited with the value of their local checks within 48-hours.
Though checks within Accra and Tema have for sometime now been cleared in less than the 48-hour period by the Ghana Interbank Payment and Settlement Systems, there have been several complaints the banks have not credited the accounts of their customers within the stipulated period.
The 48-hour clearance has now been extended countrywide and GhIPSS says the recalcitrant banks should comply and give their customers value in good time.
General Manager in charge of Business Development at the GhIPSS, Archie Hesse, said the exercise will ensure efficiency in the system.
“We want cheques to be cleared faster so that customers and businesses will receive their checks quicker and [this] in turn will benefit the nation as a whole,” he said.
Source: Myjoyonline.com
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Vagla Kachana festival of the Vagla people of Kunlog in the Savannah Region of Ghana
1 hour -
Bulldozed at midnight: How a 70-year-old Wa school was reduced to rubble for a market
2 hours -
Missionary flouting directives by Regional Minister to move from foot of Adaklu mountain
2 hours -
Mahama unveils Ghana National Research Fund to boost research, innovation
2 hours -
NDC Western North Chairman confident Big Push roads will be completed on schedule
2 hours -
NCCE, UNFPA, Canada launch Civic campaign to fight GBV in Anloga District
3 hours -
TI-Ghana calls for stronger RTI Act enforcement
3 hours -
Tomato traders call for farmer training to boost local production
3 hours -
BoG Governor urges banks to fund entrepreneurs, support exports
3 hours -
UN invests US$113m in Ghana amid global aid cuts
3 hours -
NADMO urges Wenchi Assembly to improve drainage system to prevent flooding
3 hours -
Mahama hosts Bono Regional House of Chiefs at Presidency
3 hours -
South African labour unions urge workers to shun anti-migrant protests
3 hours -
Trump says Apple to work with Intel to manufacture chips in US
3 hours -
‘We don’t even remember the last time’ – La Palm returns to profit after years in the red
4 hours