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    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

    Gold exports push Ghana’s trade surplus to $1.3 billion in April

    Value of MoMo transactions decrease by 3% between March and April 2022

    Inflation rate likely to drop to single digits in 2023 – Dr. Ernest Addison

    Monetary Policy Rate increased again by 200 basis points; now at 19%

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    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

    Take control of financing on the continent – Ofori-Atta to AfDB

    We’ll avert any looming food crisis with effective planning – AfDB Boss

    Standard of cars assembled in Ghana will not be compromised – GSA assures

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    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

    Gold exports push Ghana’s trade surplus to $1.3 billion in April

    Old Mutual celebrates 177th anniversary globally, 10 years in Ghana

    Gov’t expenditure needs to be checked to help deal with inflation – ICAG

    Take control of financing on the continent – Ofori-Atta to AfDB

    We’ll avert any looming food crisis with effective planning – AfDB Boss

    Value of MoMo transactions decrease by 3% between March and April 2022

    Inflation rate likely to drop to single digits in 2023 – Dr. Ernest Addison

    Monetary Policy Rate increased again by 200 basis points; now at 19%

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    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

    Gold exports push Ghana’s trade surplus to $1.3 billion in April

    Value of MoMo transactions decrease by 3% between March and April 2022

    Inflation rate likely to drop to single digits in 2023 – Dr. Ernest Addison

    Monetary Policy Rate increased again by 200 basis points; now at 19%

    Government partners private companies to mine abandoned iron ore in Oti Region

    Manufacture of petroleum products push PPI to 31.2% in April

    Nigeria begins processes to join Ghana-Côte d’Ivoire Cocoa Initiative

    Victor Yaw Asante, FBNBank Ghana MD

    Banks will continue to innovate to meet customers’ expectations – FBNBank’s MD

  • TECHNOLOGY

    Government to invest heavily in internet safety – Ursula pledges

    Ho Node Hub rebrands as Node Eight

    Elon Musk strikes deal to buy Twitter for $44bn

    Block chain’s success will depend on supportive policy environment – Prof. Quaynor

    1.5% E-Levy rate will negatively impact GH¢6.9 billion target – Prof. Quartey

    Transactions to be affected by E-levy

    Bethniel Finance emerges winner in Innovation Challenge Program

    Taxing of non-resident e-commerce entities in Ghana could push prices up – Technology Consultant

    BoG cautions against fraudulent money-doubling scheme ‘BitCash Currency Exchange’

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    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

    Take control of financing on the continent – Ofori-Atta to AfDB

    We’ll avert any looming food crisis with effective planning – AfDB Boss

    Standard of cars assembled in Ghana will not be compromised – GSA assures

    GUTA urges gov’t to get other countries to open their borders to facilitate trade

    Kyle Kelhofer appointed as IFC Senior Country Manager for Benin, Ghana, Liberia, Sierra Leone, and Togo

    Greater, more diverse participation in global trade is key to achieving Africa’s economic transformation – World Bank

    Seth Terkper advises against e-levy; urges government to run to IMF

    AfCFTA members conclude negotiations on rules of origin to enhance free trade

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MTN to commence loan services in 2017

bycitibusinessnews
December 14, 2016
in Banking And Finance, Business, Local Economy, News, TECHNOLOGY, Top Stories
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Customers of MTN who use the telecom operator’s mobile money services will from next year have access to loans.

Citi Business News has gathered the telecom giant has begun negotiations with regulators to start rolling out mobile based lending services from 2017.

This is not the first time that a telecom operator is embarking on such a move.

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Airtel this year began rolling out a similar service but was forced to put it on hold due to regulatory challenges.

Airtel partnered with Fidelity Bank, and Tiaxa, a global leader in Nano credits to launch Airtel Money Bosea.

Airtel Money Bosea is a Nano loan scheme that provides access to financial services enabling customers to borrow money instantly through their Airtel Money wallet anytime, anywhere.

It is unclear how far MTN has gone with discussions with regulators including the Bank of Ghana to begin rolling out the service.

In an interview with Citi Business News at the side lines of the Press Launch of HFC and MTN Partnership for Mobile Money Services, the General Manager for Mobile Financial Services at MTN, Eli Hini said they will continue to be innovative in order to draw more people into the banking sector.

‘‘’We have micro lending which is one of our undertakings for 2017. A lot of micro credits that people can access for short to medium term.’’ Mr Hini said.

‘’ Don’t forget our economy is largely made up of SMEs so these SMEs will be able to have such avenues to do short term borrowing and pay back because they will be able to manage their KYC information much better that way and the banks can have access to these data which they can use for validation to these funds that they give out ‘’. He added.

–

By: Anita Arthur/citibusinessnews.com/Ghana

 

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