The latest report from the Ghana Interbank Payment & Settlement Systems (GhIPSS) showed that the country recorded GH¢254 billion digital transactions in 2020. This represents a 16 percent increase compared to the value of GH¢219 billion in 2019. As of the end of 2020, a total of 77 million transactions were processed across all platforms, …
Month: January 2021
Guaranty Trust Bank (Ghana) Limited [GTBank] has revamped its online payment and collections platform ‘Myghpay’ to offer users and merchants a better user experience making and receiving payment for products and services. Touted as the nation’s biggest online payments platform, the new Myghpay boasts a more secure and user-friendly interface that makes it easier for …
The Ghana Health Service (GSH) has sent out an SOS message to companies for them to revisit and intensify their decongestion plans to help break the new wave of the COVID-19 pandemic the country is currently battling. According to the GHS, the new wave of the pandemic shows that the infection is spreading more among …
As the coronavirus pandemic continues to wreak havoc on the economy and put much pressure on the health system, with many calling for increased spending on health-related expenditure to curb the disease, government has indicated in the 2021 first quarter budget that it will use part of the cash allotted to fight the pandemic as …
The General Manager of Mobile Money Limited, Eli Hene, has told Goldstreet Business that MTN Ghana has decided to extend the intended date on which MoMo users will be required to present a valid national ID for mobile money transactions. He said the implementation date has been moved from February 1, 2021, to April 1st 2021. According to …
Ghana’s economy could come under some pressure from the rising debt which is projected to hit about 80 per cent of Gross Domestic Product by the end of this year, according to ratings agency Moody’s 2021 Sub-Saharan African (SSA) Outlook report. Already, the debt to GDP ratio has crossed the dreaded 70 per cent mark, …
Data controllers who fail to register with the commission will be sanctioned, the Executive Director of the Data Protection Commission (DPC), Mrs Patricia Adusei-Poku has warned. She indicated that out of the numerous data controllers in the country, less than 5,000 had registered and acquired the right certification, while the majority of them failed to …
The Securities and Exchange Commission (SEC) has revealed that 2,802 clients of defunct fund management companies have received full or partial payment of their investments under the government’s bailout package for the industry. The total amount paid to the clients is GH¢322.75m, the commission said. The full bailout package involves a special arrangement whereby the …
Effective February 1, 2021, users of MTN MoMo will be required to present a valid national ID card for transactions at a MoMo agent point. Ghana Card, Driving License, passport, voter’s ID, SSNIT ID, NHIS are the valid Identification cards sanctioned to be used for transactions by MTN Ghana. According to the telecom giant “when …
The inflation for the month of December 2020 was 10.4% which is 0.6 percentage point higher than last month the Ghana Statistical Service has announced. Month-on-month inflation between November 2020 and December 2020 was 0.9%. Again like previous months, just two of the 13 Divisions had higher than average inflation rates; ’Housing, Water, Electricity, Gas’ …