Bawumia reveals gov’t discussions with GLEIF to aid businesses

Vice-President Mahamudu Bawumia has disclosed government’s discussion with the Global Legal Entity Identification Foundation (GLEIF) to allow identity verification of Ghanaian businesses globally.

Dr Bawumia made the disclosure during the opening ceremony of the 53rd General Assembly of the World Trade Centres Association in Accra.

He explained that it follows the successful roll-out and acceptance of the Ghana Card as the single source of identity for Ghanaians and persons living in Ghana.

When completed, the Vice-President said, Ghana is expected to be the first country in Africa to have this global verification standard, and will open up markets across the continent and the globe.


Established by the Financial Stability Board in June 2014, the GLEIF is tasked to support the implementation and use of the Legal Entity Identifier (LEI).

The foundation is backed and overseen by the Regulatory Oversight Committee, representing public authorities from around the globe that have come together to jointly drive forward transparency within the global financial markets.

GLEIF is a supra-national not-for-profit organization headquartered in Basel, Switzerland. GLEIF makes available the Global LEI Index, i.e. the only global online source that provides open, standardized and high quality legal entity reference data.

By doing so, GLEIF enables people and businesses to make smarter, less costly and more reliable decisions about who to do business with. GLEIF is, by its statutes, agnostic to any particular commercial or political interests. GLEIF is uniquely positioned in the entity identification market.

GLEIF services ensure the operational integrity of the Global LEI System. GLEIF continuously increases both the information available within, and the quality of, the LEI data pool and makes public access to the information ever easier.

GLEIF has endorsed the International Open Data Charter, which aims to foster greater coherence and collaboration to promote the increased adoption and implementation of shared open data principles, standards and good practice across sectors around the world.


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