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MTN launches Apps Challenge version 4.0


Mobile telecommunication company, MTN, has launched its fourth edition of the MTN Ghana’s App Challenge competition. The competition is aimed at equipping budding talents in the tech industry to provide digital solutions to address everyday challenges facing societies. The fourth edition comes after three successful editions after the challenge was launched in 2013. Speaking at the launch, the CEO of ...

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The Business Risk of Cyber Threats to Ghana’s Banking & Financial Systems [Article]


The Cyber Security Threat Landscape Unless you have been living under a rock for the last few years you most certainly have been struck in awe by the overwhelming impact of cyber security breaches in major organizations making the headline news. The cyber threat is a fast growing and rapidly evolving complex phenomenon, which has caused the unauthorized disclosure of ...

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Ghana likely to become regional hub for Bosch

Regional Sales Director for Bosch- West and Central Africa, Benjy Ofori

Leading global supplier of technology and service, Bosch has told Citi Business News Ghana is one of the few African countries in West Africa it is considering to build a manufacturing hub in. The company is currently embarking on feasibility studies to select a country in West Africa to build a manufacturing plant. The country however to be selected finally must ...

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Banks threatened by mobile money service – PwC survey

Mobile-Money transaction

At a time that calls for collaboration between banks and telcos in the provision of mobile money services intensify, it appears banks are rather concerned about the threat posed by mobile money services. For instance the August 2015 Telecom Subscriptions Report by the National Communications Authority (NCA), posits that mobile money made significant strides between 2012 and 2015. According to ...

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Mobile money interest payments start September 11 – BoG

mobile money gh-800x450

Telecom operators are to share an estimated 12.2 million cedis among mobile money customers in the first payments of interests on floats next month. The figure represents eighty percent of the total interests earned on floats which was estimated at 15.2 million cedis as at the end of June this year. According to the central bank, payments for the first ...

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Mobile money poses no threat to the banking sector-Beige boss

Chief Executive Officer of BEIGE Capital, Mike Nyinaku

The Chief Executive Officer of BEIGE Capital, Mike Nyinaku, has asserted that the Mobile Money service poses no threat to the future of the banking sector in Ghana. Mr. Nyinaku made the assertion during a pre-event interview he granted to the media at the Ghana Economic Forum, where he was a guest speaker. Though the surge in Mobile Money usage ...

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Expresso ‘exit’: less harm to industry – Telecom Analyst

Expresso 11

Telecom Analyst, Fouad Chalabi has downplayed any significant impact of the possible exit of Expresso on Ghana’s telecom industry. He argues the telecom company’s market share is quite negligible which will not adversely affect operations within the sector. “It has no effect because they do not have any significant market share; it is not a big player which will affect ...

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Banks and telcos urged to collaborate to capture the unbanked

Nana Otuo Acheampong - Banking Consultant

Banking Consultant, Nana Otuo Acheampong is encouraging greater collaboration between banks and telecommunication companies offering mobile money services and reduce the unbanked population in Ghana. According to him, this will help banks serve customers in remote areas without having to set up physical branches which increase their costs of operations. Speaking to Citi Business News, the Banking consultant and Head of the ...

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NCA cautions public against buying unapproved set top boxes


The National Communications Authority (NCA), has warned the public against buying unapproved Digital Terrestrial Television (DTT) receivers (televisions and set top boxes). According to the NCA, many of the set top boxes do not meet the certified standard and will not function when there is switch from analogue broadcasting to digital broadcasting In an interview with Citi Business News the ...

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NCA to revoke Expresso’s license


Citi Business News can confirm that the National Communications Authority (NCA) has begun the processes to revoke the license of telecommunication company Expresso. According to the NCA’s Director for Engineering Henry Kanor the prolonged inactivity of Expresso is affecting industry stakeholders and creating a shortfall in the revenue targets of the regulator and government. In an interview with Citi Business ...

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