This comes after the bank’s receipt of approval from the Bank of Ghana (BoG) on November 25, 2019, to create electronic value backed by equivalent cash to serve customers.

Apart from affording customers the freedom to perform transactions regardless of their mobile network operator, G-Money will also create an enabling environment for the ongoing digitisation processes in Ghana’s economy.

Speaking ahead of the official launch, Mr Ray Sowah, MD of GCB Bank explained the relevance of the mobile wallet service to the nation’s development saying, “Under goal 9 of the UN Sustainable Development Goals (SDG 9) which focuses on industry, innovation and infrastructure, the bank seeks to bridge the digital divide which is crucial to ensure equal access to information and financial services.

“Leveraging GCB’s rich experience in banking acquired over many years, we will offer financial services tailored to suite the specific needs of our diverse customers,” he emphasised.