Users of digital banking services in Kenya have got further relief from charges on digital transactions undertaken by them. The Ghana Association of Bankers (GAB) and the Ghana Interbank Payment and Settlement Systems (GhlPSS) have agreed to extend the waiver of fees on digital banking platforms to June 20, 2020.
“The two Institutions reiterate and advise their customers to observe full compliance with the protocols issued by the World Health Organisation, the Ghana Health Service and the President of the Republic to stem the spread of COVID 19,” the statement said.
Here Is What You Need To Know
- The waiver of fees, which took effect on March 23, 2020 was part of measures put in place to encourage customers to use digital payment alternatives or transactions and reduce contacts with banknotes to avoid the possible spread of the novel Coronavirus disease.
- They, therefore, encouraged all customers to continue using their alternate digital banking platforms and visit physical branches of Banks only when it was ‘absolutely important and necessary’ to do so.
- This was contained in a statement jointly issued by the Chief Executive Officers of GAB and GhIPSS and copied to the Ghana News Agency in Accra.
Charles Rapulu Udoh
Charles Rapulu Udoh is a Lagos-based lawyer who has advised startups across Africa on issues such as startup funding (Venture Capital, Debt financing, private equity, angel investing etc), taxation, strategies, etc. He also has special focus on the protection of business or brands’ intellectual property rights ( such as trademark, patent or design) across Africa and other foreign jurisdictions.
He is well versed on issues of ESG (sustainability), media and entertainment law, corporate finance and governance.
He is also an award-winning writer