This cohort effect is particularly clear in the third panel of Graph 6. The much larger rise in female participation than males over the past two decades is a stark illustration of the effect, as the other drivers of participation in this age group should have similar influences on both male and female participation. Graph 6  Why are older people working longer?
Over the past few years, the Bank of Ghana has launched a number of initiatives to modernize the payments, clearing and settlement systems. Among them are: (i) the Real Time Gross Settlement System, (ii) the Cheque Codeline Clearing (CCC) with truncation, and (iii) the national switch and smartcard payment system, popularly known as e-zwich.