UBA holds 2nd CEO breakfast forum

United Bank for Africa (UBA) has organized the second edition of its CEO business breakfast forum in Accra.

The forum, which brought together captains of businesses within Accra, was centred on regional payments and collections mechanism and systems.
The outgoing managing director of UBA, Gabriel Edgal, called for the removal of the statutory cash limit of US$10,000 per transaction between Ghana and other African countries.

According to him, the current regulation inhabits adequate cash flow between Ghana and the other African countries which could be used for development activities.
The Executive Director, Daniel Addo, in his presentation, explained in detail some of the bank’s products which addresses intra African trade and money transfer, these are the UBA Afritrade and Africash.

Chief Operating Officer (COO) of Ghana Interbank Payment and Settlement Systems (GhIPSS), Yooku Korsah, explained to participants the aims and achievements of GhIPSS.

According to him, there has been a considerable growth in the usage of the E-zwich biometric smart card particularly in schools and institutions for the payment of salaries of workers.

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