Category: TECHNOLOGY
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Cyber Security Authority commences licensing and accreditation regime
The Cyber Security Authority (CSA) has announced the commencement of the process of licensing Cybersecurity Service Providers (CSPs), accreditation of Cybersecurity Establishments (CEs) and Cybersecurity Professionals (CPs). This is in pursuant to the Cybersecurity Act, 2020 (Act 1038), sections 4(k), 49, 50, 51, 57 and 59, which mandates the Authority to regulate the above activities.…
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Twitter is reportedly planning to charge businesses $1,000 per month to keep gold verified checks
In the latest revenue generating effort for Elon Musk’s Twitter, the social media giant is reportedly set to make businesses pay $1,000 per month to keep their gold verification check. Social media consultant Matt Navarra first reported the new charge, along with screenshots allegedly showing Twitter employees offering the price to businesses looking to sign up as…
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Ghana withdraws $672m back-tax demand from MTN Group
MTN Group Ltd, Africa’s largest wireless carrier, said a GH¢8.2 billion ($672 million) tax bill it received from the Ghana government has been scrapped. Ghana’s decision came after “extensive and productive discussions” during a 21-day negotiation period between the West African nation’s authorities and the mobile-phone operator, MTN said in a filing on Friday. The…
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MTN to fight $773m tax bill from government
MTN Group Ltd., Africa’s largest wireless carrier, said it has received a $773 million back-tax bill, including penalties and interest charges in Ghana that it plans to fight. The bill is for the period between 2014 and 2018 and implies that MTN under-declared its revenue in the country by 30%, the company said in a…
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Telcos to implement 1% E-Levy charge from today
The Ghana Chamber of Telecommunications says it will commence the implementation of the revised Electronic Transfer levy (E-Levy) rate of 1% from today, Wednesday, January 11, 2023. The government presenting the 2023 Budget and Economic Policy Statement, reviewed the 1.5 percent electronic transaction levy downwards to 1 percent effective January 2023. The reduction has also…
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Huawei Equips 500 Traders in FinTech
Huawei Ghana as part of its 2022 Women in Tech program, has equipped 500 traders in a Financial Technology workshop to bring them up to speed with advanced technologies and enable them transform their businesses digitally to suit current market trends. The training which was focused on helping female entrepreneurs and traders adopt technology in…
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Africans urged to bolster adoption of Bitcoins
Stakeholders within the Africa digital trading sector are pushing for the strategic use of Bit coins on the continent. This according to the players will give users a trading avenue which is not directly impacted by the global high inflationary rates currently confronting countries. Speaking during the maiden edition of the African Bitcoin Conference in…
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What does 2023 hold? Predictions in payments for the year ahead for Africa
The sharp economic slowdown brings new difficulties ahead for Africa – including high international food and fuel prices, financial shocks from the tightening of monetary policy in advanced economies, and increased food insecurity in various parts of the region. All of this follows the economic and social effects of the pandemic. 2023 is going to…
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Meta considered building a Twitter competitor to capitalize on Elon Musk’s ‘crisis’ at company
Employees from Facebook and Instragram met virtually in November to generate ideas around building a text-based app that could take on Twitter, the Times reported. “Twitter is in crisis and Meta needs its mojo back,” one Meta employee wrote in a post, per The Times. “LET’S GO FOR THEIR BREAD AND BUTTER.” At the brainstorming…
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E-commerce in Ghana – statistics & facts
Online purchases in Ghana have experienced continuous growth over the last few years. This development has been facilitated by several factors, such as the nationwide provision and accessibility of internet and payment services. As of 2022, the penetration rate of the e-commerce market in Ghana stood at 27.41 percent. This share increased from nearly 12 percent in…