Basseterre, St Kitts, 11 March 2016 -- The Eastern Caribbean Central Bank (ECCB) has shared its experience with using the Central Bank version of the Enterprise Cash Management Inventory Supplies Accounting (ECM-ISA) system with the Bank of Ghana.
The ECM-ISA system is a modern vault management technology which was developed by De La Rue, the company which prints the EC dollar notes. It is designed to increase control, reinforce security, and enhance efficiency in vault management. The ECCB completed the installation of the system at its headquarters and seven agency offices in 2013, making it the first Central Bank to implement the system.
Head of Project Management and Implementation for the ECM-ISA at De La Rue, Tuan Doan, said that the ECCB was identified as the ideal institution to assist the Bank of Ghana, which is making preparations to implement the system.
The Governor of the ECCB, Timothy N.J. Antoine said that the Bank readily agreed to assist the Bank of Ghana with this initiative in keeping with the ECCB’s commitment to support cooperation among developing countries. He added that the ECCB’s partnership with the Bank of Ghana was initiated in June 2015 when Catherine Ashiley, Director, Currency Management Department, Bank of Ghana held discussions with Rosbert Humphrey, Deputy Director, Currency Management Department, ECCB at the Advanced Bank Note Manager’s Course hosted by De La Rue.
Ashiley led the Bank of Ghana’s delegation which visited the ECCB over the period 29 February to 4 March to observe the ECM-ISA system in operation.
“I think the experience at the ECCB was fantastic. We had a lot of eye-opening experiences and what we have seen on the ground at the ECCB has convinced us that we are on the right track,” said Ashiley.
Director, Currency Management Department, ECCB, Maria Cumberbatch said that the ECCB welcomed the opportunity to share its experience and to provide hands-on guidance to the Bank of Ghana.
The other members of the team from the Bank of Ghana were:
• Dominic Owusu – Deputy Chief Manager, Currency Management Department
• Michael Mensah – Assistant Director, IT Department
• Leonard Coffie – Manager, IT Department
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