West Africa is now Africa’s mobile money hotspot
Between 2018 and 2022, more than 110 million new mobile money accounts were opened in the region, including 60 million since 2021.…
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Mobile Money
Total Mobile Money transactions hit record GH¢1.912trn in 2023
The total value of Mobile Money transactions reached a record level in 2023.
According to the January 20243 Summary of Economic…
Mobile money taxation could hamper financial inclusion gains in Africa
In an increasingly digital economy, accelerated by the Covid-19 pandemic, there has been greater collaboration between the private…
New data on the e-levy in Ghana: unpopular tax on mobile money transfers is…
In Ghana, the “e-levy” has been linked to the current administration’s “Ghana Beyond Aid” strategy for reducing aid dependence.…
Mobile Money FRAUD: the new trick and how to stop it
I was recently informed by very reliable sources that a former mobile money staff of one of the telcos, who is currently service a…
Telecommunications Chamber, BoG intensifying efforts to curb mobile money…
The Ghana Chamber of Telecommunications says it is working extensively with the Bank of Ghana to implement multiple strategies, in…
Rural banks asked to strategies against mobile money threat
The Head of Legal and Compliance Department of the ARB APEX Bank, Curtis Brantuo, has said that Mobile Money operations pose a…
Mobile Money – Chief driver of Ghana’s digital economy – Part 2
This is the second part of the article on the ubiquity of mobile money (MoMo) and how that makes it the main driver of Ghana’s…
Value of MoMo transactions drops after five months of consistent increase
The total value of mobile money transactions has fallen for the first time after five months of continuous increase.
The…
Thieves break into mobile money system, steal billions
Unidentified hackers broke into the systems of Pegasus Technologies, a company that integrates mobile money transactions…