- Ghana will become the first African country to launch a universal Quick Response (QR) Code
- This would make the country a cash-lite society
- Our Manifesto: This is what YEN.com.gh believes in
Vice President Dr Mahamudu Bawumia has revealed that in two weeks' time, Ghana will become the first African country to launch a universal Quick Response (QR) Code.
This move, according to the vice president would make the country a cash-lite society.
Speaking at the Mobile Technology for Development (MT4D) Conference in Accra, Bawumia said the QR code which will be compatible with feature phones (popularly referred to as 'yam phones' in Ghana) and smartphones will allow merchants and customers to receive non-cash payments easily without rushing to cash-out.
"Ghana is, of course when we launch it in two weeks' time, we will be the first country in Africa to have a universal QR Code, first country.
...It's inter-operability at the QR Code level. Of course, QR codes are here but they are not inter-operable, we are bringing in together the standards that will make it inter-operable...," he said.
He also further revealed that the QR Code will make the collection of monies at funerals, in public transport and eateries easier.
The development follows the over 30% drop in world crude prices and the stability of the Ghana Cedi against the major foreign currencies, especially the US dollar.
The Energy Ministry, as well as the National Petroleum Authority, NPA, have assured Ghanaians of some relief during the next pricing window.
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