Ghana experience shows digital payments Better than Cash: UN-backed study

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The Akuapem Rural Bank in the town of Mamfe, Ghana. UN-backed study shows switching from cash to digital payments will save Ghana’s government millions. Photo: Jonathan Ernst / World Bank (file)

Transitioning from cash to digital payments could save Ghana's government more than US$200 million over the next four years, a UN-backed study has found.

The report shows the West African country has made strides in switching over already, with nearly 100 per cent of public service pay-outs—such as salaries and pensions—being made digitally.

Camilo Tellez is Head of Research and Development at the Better Than Cash Alliance, which conducted the study.

He said digital payments promote transparency and security, as well as access to the formal banking system.

Dianne Penn asked him about the report's findings.

Duration:  3'38"

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