25 January 2017

Payment cycle of leap grant begins Jan. 30  

The Livelihood Empowerment Against Poverty (LEAP) Programme of the Ministry of Gender, Children and Social Protection (MoGCSP) will commence its 46th cycle payment from January 30 to February 3, 2017.

A total of 213,320 beneficiary households in all the 216 districts of the country will be paid their LEAP grants. The payments cover the months of November and December, 2016.

One eligible member household will receive GHS 64.00, two eligible member household will receive GHS 76.00, while three eligible member household will receive GHS 88.00. Then four and above eligible member household will receive GHS 106.00.

Beneficiary households of the LEAP Programme will be paid electronically on the e-zwich platform provided by Ghana Interbank Payment and Settlement Systems (GhIPSS) through its Participating Financial Institutions (PFIs).

These PFIs are commercial and rural banks; and other registered financial institutions.

The e-zwich payment platform requires that beneficiaries are verified biometrically through fingerprint before payment is effected.

Generally, LEAP beneficiary households belong to the “unbankable” segment of Ghana’s population.

They are considered “unbankable” because of their deprived economic circumstances, limited access to information and low confidence level to enable them participate in the formal financial or banking sector.

The use of e-zwich platform and financial institutions to cash-out their money will ultimately promote financial inclusion for these beneficiaries.

Source: starm news

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