Newsletter subscribe

Business, Editor's Choice, Politics, Technology

Mobile money interoperability: NPP doing for ¢16m what NDC planned for ¢4.6bn

Posted: May 12, 2018 at 1:32 pm   /   by   /   comments (0)

Suffice it to say that the National Democratic Congress had so many avenues to syphon taxpayers’ monies into their pockets and one such vehicle was the awarding of contracts.

It would be an understatement to say that contract sums were inflated under the erstwhile John Mahama administration. As a matter of fact, what were witnessed went beyond inflation of contracts.

The New Patriotic Party, in the run-up to the 2016 elections, vowed to reverse the obnoxious phenomenon of the then NDC government inflating contract sums, and it is gratifying to note that that promise is being kept by the Akufo-Addo/Bawumia administration.

The NDC, in its bid to build the infrastructure that would enable mobile money transactions across various networks, dubbed mobile money interoperability, contracted Sibton Switch Systems to set up the system which would be managed by the Ghana Interbank Payment and Settlement Systems (GhIPSS).

It would interest Ghanaians to know that the NDC government gave the contract to Sibton at a whopping sum of 4.6 billion cedis.

Image result for john mahama

Though tongues started wagging across the country, deaf ears were paid to those genuine concerns.

The contract sum appeared outrageous, and the government then, on many occasions and on several platforms, attempted to justify that figure.

Led by the Vice President of the Republic, Dr Mahamudu Bawumia, the New Patriotic Party, upon the assumption of office reviewed the contract, and the resultant outcome was that Ghanaians were being shortchanged as far as the 4.6 billion cedis contract sum was concerned.

It was determined that a figure far less outrageous could be used to build the Mobile Money Interoperability System, and it would interest Ghanaians to know that the entire infrastructure to enable Ghanaians to seamlessly transfer money from one telecommunication network to the other.

What this means is that the Akufo-Addo/Bawumia government has saved the country an astonishing sum of $1 billion (GHC 4.6 billion) just by reviewing and re-awarding the contract to a different entity.

This development is a wide departure from the level of corruption through procurement and award of contracts that defined the NDC government. The change Ghanaians voted for has not been in vain.

Source: Ghana|PK Sarpong