Business
Bawumia Vindicated As ICAO Affirms “Ghanacard” As E-Passport





Published
3 months agoon

Ghana’s national Identity Card, the Ghana Card has been recognized globally as a valid e-passport in all International Civil Aviation Organization (ICAO) compliant countries and will enable holders of the card to board flights to Ghana from 197 countries and 44,000 airports worldwide.
This follows a “Key Ceremony” on Wednesday, February 9, 2022 at the headquarters of ICAO in Montreal, Canada, during which Ghana, represented by the High Commissioner to Canada, H.E Ransford Sowah, received the ‘key’ to symbolically indicate the country’s entry into the ICAO family.
Thus, the Ghana Card as well as its future biometric equivalents will now be duly recognized globally as valid e-passport/ID card, in fulfilment of a pledge by the Vice President, Dr Mahamudu Bawumia, that Ghanaians anywhere in the world would soon be able to travel back home using their Ghana cards.
Delivering a public lecture at the Ashesi University on the role digitization is playing in transforming the Ghanaian economy on November 2, 2021, Dr. Bawumia indicated that apart from acting as the major source of proof of identity, the Ghana card will be used as an e-passport for Ghanaian citizens, all things being equal, by the end of the first quarter of 2022.
“It is not widely known that the Ghanacard is also an electronic passport (e-passport) that contains the biometric information that can be used to authenticate the identity of travelers,” Dr. Bawumia said.
He continued, “We have been working with the International Civil Aviation Organization (ICAO) this year to globally activate the e-passport function of the Ghana card and I am happy to announce that on 13th October 2021, Ghana officially became the 79th member of the International Civil Aviation Organization (ICAO) Public Key Directory (PKD) community. The ICAO Public Key Directory (PKD) is a central repository for exchanging the information required to authenticate e-passports.”
This announcement was dismissed by a section of the public, especially members of the NDC, as “Impossible” and at best a figment of his imagination. Senior media personality, Kwesi Pratt Jnr went as far as describing it as a “lie.”
Officials of the National Identification Authority (NIA) say, however, that with the Key Ceremony in Montreal, the PKD allows Border control authorities to confirm in less than 10 seconds that a Ghanaian biometric e-passport (booklet) as well as the Ghanacard/e-passport were issued by the right authority, have not been altered, and are not copies or cloned documents.
A statement issued by the Authority read in part, “In practical terms, this means that it will now be faster and more effective for border control authorities to verify the identity of holders of Ghana’s passports. The Key Ceremony is the final stage of the implementation of Ghana’s e-passport project.”
In brief remarks, H.E Ransford Sowah explained that the Ghana Card contains the biometric information of the holder with a cryptographic digital signature stored on a chip that can be used to authenticate the identity of travellers.
“This makes Ghana one of the few countries in the world where the national ID card also has an e-passport capability,” he emphasized.
He continued, “This means that with this Key Ceremony, all holders of the Ghana Card have an ICAO compliant e-passport that can be read and verified at all ICAO compliant airports/borderposts across the world. It can be used for international travel; subject of course to visa restrictions and bilateral agreements. Indeed, the Ghana Card is already valid for travel in all ECOWAS countries.
“For Ghanaians living or born in the diaspora, holders of the Ghana Card can be allowed to board any flight to Ghana without any visa requirement as we seek to give an inclusive Akwaaba experience to all children and descendants of our motherland.”
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Business
Mobile Money Transaction Recorded GH¢76.2bn In January 2022





Published
1 month agoon
April 11, 2022
Mobile Money transaction in the first month (January) of 2022 stood at GH¢76.2 billion, the Bank of Ghana has revealed in its Summary of Economic and Financial Data.
This is Mobile Money higher than the GH¢67.9 billion recorded in January 2021, but lower than GH¢82.9 billion recorded in December 2021.
Base on the trend of Mobil Money transaction in 2021, one cannot conclude that there has been a decline in Mobile Money transaction, as a result of the anticipated approval of the Electronic Transaction Levy.
In terms of Mobile Money Interoperability, GH¢2.107 billion was recorded in January 2022, higher than the ¢906 million registered in January 2021.
The registered Mobile Money Accounts also stood at 48.4 million in January 2022, up from 48.3 million in December 2021.
Undoubtedly, Mobile Money remained the biggest payment solution in the country with an estimated GH¢905.1 billion transactions recorded in 2021.
According to data from the Bank of Ghana, the value of mobile money transactions in January, February, March, April, May, June, July, August, September, October, November and December 2021 were estimated at ¢67.1 billion, GH¢67.9 billion, GH¢82.3 billion, GH¢83.8 billion, GH¢86.5 billion, GH¢89.1 billion, GH¢99.1 billion, GH¢81.8 billion, GH¢71 billion, GH¢80.0 billion, GH¢86.1 billion and GH¢82.9 billion respectively.
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Business
Fuel Prices Goes Up By 50p, Crosses GH¢11 Threshold Mark In Less Than 24 Hours





Published
2 months agoon
April 5, 2022
Fuel prices continue to soar, topping GH¢11.30 per litre in the third week of March 2022 at some stations. Other Oil Marketing Companies are expected to hike their prices as a result of this.
As we reported it early on, The Chamber of Petroleum Consumers Ghana (COPEC) predicted that diesel may cross the GH¢10 per litre mark.
It added that petrol will cross GH¢9 from Wednesday, March 16, 2022.
COPEC attributed its prediction on the rising cost of crude on the international market and the cedi which is currently depreciating among major trading currencies.
In a statement, it noted that the Free On Board prices of petrol increased by 19.28% from $917.48/MT to 1094.33/MT, diesel by 34.57% from $845.50/MT to $1137.78/MT and LPG by 17.42% from $845.93/MT to $993.25/MT between the first pricing window (1st-15th March 2022) and the second window (16th -31st March 2022).
“The petroleum price indicators as published by the NPA shows that the price of Gasoil (diesel) will increase by 30.41% from GH¢8.22 per litre in this current window to Gh¢10.721 per litre beginning 16th March 2022 and ex-pump prices of Gasoline (petrol) will increase by 18.25% from GH¢8.22 per litre to GH¢727 per litre within the same period.”
COPEC has also noted that the cedi has seen a sharp depreciation against the dollar by 9.71% from GHS6.8360 to GHS7.500 to a dollar.
In addition, COPEC has said the ex-pump prices of LPG will also increase by 23% from GHS 9.8 per kg in this current window to GH¢12.04 per kg in the next window beginning March 16, 2022.
“This implies that a 14.5kg will be sold at Ghc174.58,” COPEC added.
Prices of fuel have gone up at the pumps across the country because the Price Stabilization and Energy Recovery levy, which is a key component of the fuel price build-up, has been restored by the National Petroleum Authority (NPA) after it was suspended for about three months.
The levy was suspended last year as a means of reducing the burden on consumers.
Already, COPEC has called for the withdrawal of the levy and has now urged the government to adopt the dual pricing module to stabilise fuel prices and the accompanying economic difficulties.
Source: GhanaFeed.com
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