The Institute of Internal Auditors Ghana has called on Bank of Ghana and Telecom operators to consider reducing charges on mobile money transactions by at least 50%. This they believe will help minimize the spread of Coronavirus.
The use of physical cash according to health professionals can contribute to the spread of Covid-19.
Chairman of the Advocacy Committee of Internal Auditors Ghana Kofi Apengtem said the central bank should take advantage of this in promoting the cashless economy agenda.
Explaining their call to Joy FM, he said the reduction in Momo charges will reduce how people come in contact with physical cash hence reducing their risk of being infected with the virus.
Speaking on the losses that they may incur, Kofi Apengtem said the increase in volumes of transactions due to the action will compensate for their losses.
“Bank of Ghana and the Telecos can help all of us by reducing the transfer charges on mobile money, Momo is almost everywhere and I believe that the increased volumes in transactions will handsomely compensate for the initial loss that they may incur in halving their transfer charges, I believe that we also need to protect our health workers when we are paying fees at the hospitals and pharmacies by using MOMO and other cashless systems or else we may kill them before they will be able to help us as a country.”
Gov’t condemns abnormal hike in prices of goods
The government has condemned the abnormal increase in prices of goods and services on the Ghanaian market.
Source: GhanaWeb
