A total of GH¢571.8 billion (US$99.67 billion) worth of mobile money transactions took place in the year 2020 alone, Deputy Governor of the Bank of Ghana, Mrs Elsie Addo Awadzi has revealed. This reaffirms the statue of MoMo as the biggest platform for payments in Ghana after cash and well ahead of cheques and all …
Month: April 2021
The securities and exchange commission (SEC) is working on a draft to present new guidelines on third party and related transactions. This SEC believes will address the misappropriation of investments funds by Fund Management firms. The third party and related transactions was the major cause of the collapse of Fund Management firms forcing the clean …
Accra, April 2, GNA – The Bank of Ghana (BoG) has joined the Basel Consultative Group (BCG), a global body that sets and implements standards on banking supervision. In a statement the bank said it was admitted into the global body, making Ghana one of four countries in Africa which are members of the BCG. …
Digital payments are attracting growing interest, and eye-popping numbers abound, as demonstrated by the US payment processor Stripe’s recent $95 billion valuation. Why all the excitement, and why now? At one level, the reason is straightforward: digital payments allow buyers to pay sellers without physical currency changing hands. Though the technology has been around for …
MTN MobileMoney Limited has assured its customers that the implementation of the directive to present ID cards during MoMo transactions will not adversely affect the smooth and swift nature of the service. At a virtual media forum, CEO of MobileMoney Limited, Eli Hini explained that the exercise will be seamless and will not unnecessarily distort …