Audio By Carbonatix
Patronage in the use of E-zwich cards continues to soar steadily after close to 500 percent growth was recorded in some of the services over the first six months of the year.
Data from the Ghana Interbank Payment and Settlement Systems (GhIPSS) across various E-zwich transactions, indicates that while patronage increased for most services by over 50 percent on the average between January and March this year, the usage shot up by huge margins between March and June.
According to the figures, the value of sales transactions involving E-zwich went up from over four hundred thousand Ghana cedis in January to over eight hundred thousand Ghana cedis in March, and rose significantly to four and a half million Ghana cedis by June.
The increase in value of transactions over the six months also corresponds to the volume which has also moved from over seven hundred in January to more than one thousand five hundred in March and further up to over seven thousand and two hundred transactions by June.
Similar trends were recorded for cash deposits and withdrawals on E-zwich as well as card to card transfers over the six months period.
Another major use of the E-zwich which is for the payment of salaries and other forms of emolument known as the Payment Distribution System (PDS), equally moved from 1.1 million Ghana cedis in January to almost 2.3 million Ghana cedis and experienced a jump to almost 14 million Ghana cedis by June.
Commenting on the patronage for E-zwich, the Chief Executive Archie Hesse noted that the use of E-zwich has consistently experienced a steady growth. He said the number of companies using the electronic payment systems for bulk payments was increasing while individuals were doing a lot of internal funds transfers with E-zwich.
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
-
Ghana once had efficient bus systems but urban mobility has declined — Ofosu-Dorte
2 minutes -
Former president John Agyekum Kufuor and ICCO back strategic cocoa transformation at ACFIF 2026
4 minutes -
Five new players to watch in Ghana vs Mexico friendly
11 minutes -
Weak mass transport systems worsening Accra congestion — Ofosu-Dorte
12 minutes -
How colonial policies still haunt Ghana’s cities – David Ofosu-Dorte breaks it down at JoyNews Speaker Series
18 minutes -
Housing in cities becoming unaffordable, fuelling homelessness – Ofosu-Dorte
22 minutes -
GMTF launches nationwide specialist training initiative to strengthen healthcare delivery
24 minutes -
Accra’s growth reflects mixed city patterns and poor planning alignment — Ofosu-Dorte
28 minutes -
Ghana’s Mexico friendly offers final chance for World Cup hopefuls
30 minutes -
Ghana’s early planning laws excluded most of the country — Ofosu-Dorte
32 minutes -
Land ownership structures in Ghana are more confusing and chaotic – Ofosu-Dorte
34 minutes -
Rising urbanisation driving housing shortages and homelessness — Ofosu-Dorte
43 minutes -
Committee probing death of Charles Amissah submits report to Health Minister
55 minutes -
Family of Charles Amissah launches foundation for emergency care reform
1 hour -
Livestream: JoyNews & Amalgam of Professional Bodies Speaker Series on Centers of Prosperity underway
1 hour