The Controller and Accountant-General’s Department (CAGD) must take the lead in the adoption of the e-zwich payment system for public sector workers if it is to eradicate the rising incidence of payroll fraud, Archie Hesse, Chief Executive Officer of the Ghana Interbank Payment and Settlement Systems (GhIPSS), has said.
This year, Ghana’s public wage bill is estimated at GH¢11billion or about 10 percent of GDP, and proposed moves to tame the rising bill include the cleansing of government’s payroll of so-called ghost names.
According to Mr. Hesse, the e-zwich biometric payment platform provides an easy route for the CAGD to sanitise the payroll.
“If we are all paid via e-zwich, everybody who’s paid can be uniquely identified. It will eradicate all these issues [double payments and ghost names] we all hear about,” Mr. Hesse said in an interaction with the media yesterday.
He also said that Ghana and Nigeria are working closely to integrate their national payment systems, Mr. Hesse added. When this is completed, local cards in Ghana will work on ATMs, PoSs, the Internet and mobile money systems in Nigeria and vice versa. Eventually, this will be extended to cover the Francophone West African countries, giving added advantage to local debit cards.
Credit: Richard Annerquaye ABBEY & Benson AFFUL