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Wednesday, July 15, 2015

Academia adopt gKudi banking software for training

Ghanaian IT solution provider, Logiciel Limited, has signed a partnership agreement with the Kumasi Polytechnic to offer qualitative training in local banking software solution.

The intent is to build the requisite human resource capacity to support Ghana’s microfinance institutions and others in the financial services industry.

Kumasi Polytechnic, together with five other affiliates – Bolga, Tamale, Takoradi, Cape Coast and Sunyani Polytechnics – is signing onto the gKudi software as a training course in addition to its existing applications.

“They are now starting with close to 600 students for the initial pilot phase and we hope it will extend to other polytechnics, so that officially this software will be taught in schools and by the time they leave school, they already know how to use the solution and they’ll be adapted into the microfinance space,” stated Derrick Dankyi, CEO of Logiciel Limited.

The gKudi platform is a relatively low-cost real time integrated web/cloud based micro-banking platform which enables microfinance companies and other financial institutions to manage their client’s information and back office operations while providing a critical source of aggregate financial data on the informal sector.
 
In 2013, Logiciel signed an agreement with the Ghana Association of Microfinance Companies (GAMC) to provide mobile and cloud software solution to MFIs in the country.

Over 200 firms – representing about two-third of microfinance companies – are currently on the gKudi platform.

Collins Amponsah Mensah, National Chairman of GAMC, is enthused at the ability of MFIs on the platform to keep proper records of customers and improve accountability in fund mobilization.

“Most of us were using different solutions but we realized that we were not getting the needed results that we required from those solutions; we also realized that there was the need to start standardizing our operations,” he explained the reason for hooking unto the gKudi platform.

Mr. Amponsah Mensah is hoping more members will subscribe to the solution, emphasizing that “it’s going to help the industry because we have to send data to government and most especially ease submission of Prudential Returns to the Bank of Ghana”.

The Association has endorsed the Logiciel-Kumasi Poly collaboration as important to provide the needed support to the industry.

“I believe that with this partnership, we are going to have readily developed young men and women who will be the backbone of the industry to provide that technical and managerial support,” said the GAMC Chair.

K-Poly and affiliates currently run Diploma programmes in Computerized Accounting, Banking Technology, HND Accounting with Computing and B-Tech.
 
The banking applications are critical to deliver essential training to the students.

Rector of the Polytechnic, Prof. Nicholas Nsowah Nuamah, has described the partnership with Logiciel as a win-win for the polytechnic and the IT firm.

Story by Kofi Adu Domfeh 

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