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BoG sanitizes fintech industry with new laws


The Bank of Ghana says it will strictly enforce the yet to be passed Payment Systems to sanitize the financial sector. The central bank has bemoaned what it says is the proliferation of fintechs in Ghana’s financial system. Currently, there are seventy-one fintechs providing solutions to businesses and individuals. Following the impact of cyber fraud with the rise in the ...

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KelniGVG deal: Telcos left in limbo due to lawsuit

Ken Ashigbey

Telecommunications companies yet to connect to the Common Monitoring Platform operated by Kelni GVG are in limbo due to a suit brought against the Ministry of Communications. Two individuals, Sara Asafu-Adjaye and Maximus Amertogoh have filed a case against the government calling for the Kelni GVG deal with the Ministry of Communications to be cancelled. Prior to the suit, the ...

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SMEs skeptical of mobile money services (Audio)

telecom mobile money

Businesses are still skeptical of the use of mobile money despite the boom in patronage of the service. Citi Business News’ checks with some small scale business owners show mixed reactions to the use of mobile money services. This means more needs to be done to increase patronage. In the build up to the Financial and Technology Summit as part ...

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#CitiBizFestival: Banks, telcos partner to fund women entrepreneurs


Some players in the financial industry have called for collaboration between banks and mobile money operators even as banks seek to create access to funds for entrepreneurs. Entrepreneurs in Ghana have over the years lamented the difficulty they face in securing loans needed to start up and expand their businesses. According to the financial players however, banks can track the ...

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Telecom Chamber pledges support for CMP

Ken Ashigbey

The Ghana Chamber of Telecommunications has stated that it will ensure the success of the Common Monitoring Platform (CMP) operated by Kelni-GVG, as long as it doesn’t compromise the privacy of its customers, and the security of its networks. According to the CEO of the chamber, Kenneth Ashigbey, the chamber will do all it can to help in building a platform that satisfies ...

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MTN launches its IPO today  

Group Vice President for Southern and East Africa and Ghana, Ebenezer Asante

MTN will today launch its Initial Public Offering (IPO) to allow it raise some amount of money from the public. The company is by this exercise give at least thirty-five percent access to the general public to own a stake in its operations. The move is also to allow the telecom company fulfill a regulatory obligation regarding the purchase of ...

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MTN launches IPO next Tuesday


MTN will launch its Initial Public Offering (IPO) next week Tuesday, May 29, 2018. The exercise is to allow the public access to own a part of the telecom company. Following the completion of the process, the public will have access to thirty-five percent ownership in MTN. The decision to allow public ownership, forms part of the requirement for the ...

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Fibre cuts major cause of poor telecom services


Fibre optic cables have aided the connection of platforms for improved service delivery by telecom operators. However the challenge of dealing with their regular destruction, has left most telecom operators desperate. The phenomenon not only drains resources but creates a gloomy picture for improved services. Citi Business News has been engaging industry players and they suggest that robust measures be ...

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Glo serves only a third of expected coverage area

Acting Director General of the NCA, Joe Anokye

It has emerged that telecoms company, Glo, covers only a third of the total number of districts it is to cover in terms of its 3G coverage obligations. This is the conclusion of a first quarter Quality of Service Monitoring conducted by the National Communications Authority (NCA). The company is therefore expected to improve upon its operations in order to ...

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Naomi Amoah wins MTN Heroes of Change season 4


The newly crowned winner of the MTN Heroes of Change, Season Four competition, Naomi Esi Arku Amoah, has called for increased support from corporate institutions for individuals who are impacting their communities. According to Madam Amoah, more lives could be saved or improved if change agents are given the needed support. Madam Amoah, an evangelist and the Founder of the ...

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