Listen to music while browsing

Bank of Ghana seeks software to authenticate accountholder identity

By Kofi Adu Domfeh

The Bank of Ghana is in the process of accessing software for commercial banks to authenticate the identity of account holders accessing financial services.

Immediate past Governor and now Vice-President, Kwesi Amissah-Arthur, says this should enable financial service institutions to verify the biometric data of consumers.

He was responding to a question at his vetting by Parliament's Appointments Committee for his new post.

Committee member, Joseph Yieleh Chireh, asked why commercial banks are not accepting the new biometric voters' card as a valid document.

Mr. Amissah-Arthur noted the banks need a technology to authenticate the various biometric documents issued by State institutions.

“We want to be able to find software that is able to query the database of the various national institutions; and I think there are 4-5 of them that have biometric register… We are in touch with the Reserve Bank of South Africa for the kind of software that will enable us to use this thing for authentication”, he announced.

Mr. Amissah-Arthur is hopeful this should be achieved “very soon”.

Story by Kofi Adu Domfeh/Luv Fm/Ghana

The puppy dog does not listen to it's mother falls into a pit.
By: ATWIMA KWAME (Duis

President Obama invites Ghanaian jo

Wednesday, April 8, 2015

The Managing Editor of Business Day Newspaper, Felix Dela Klutse, has been selec ...
read more »

IMF: Ghana could be HIPC by end of

Friday, April 17, 2015

According to the International Monetary Fund (IMF), Ghana's total public debt co ...
read more »

Insurance companies introduce sub-r

Wednesday, April 15, 2015

Drivers who commute across the ECOWAS Sub-region would not be required to re-ins ...
read more »

Businesses cry over Cedi fall

Wednesday, April 15, 2015

Business owners are resorting to retrenching their employees as the cedi continu ...
read more »