Category: TECHNOLOGY
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SSNIT receives GH¢ 9.9 million as dividend from MTN Ghana
MTN Ghana, a day after its maiden Annual General Meeting, has paid out a total dividend of over GH¢9.9 million to its third largest shareholder the Social Security and National Insurance Trust (SSNIT). This follows approval of a final dividend of 3 pesewas per share by shareholders of MTN at the AGM yesterday (May 14,…
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MTN rakes GHS710 million in MoMo cash out fees, commission etc
MTN recorded more than GHS710 million in revenue from its mobile money operations in 2018, an increase of more than 60 percent year-on-year, according to information contained in the company’s 2018 Annual Report. The strong performance in revenue translated into mobile money contributing 17.7 percent of the group’s total revenue which stood at GHS4 billion.…
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MTN Ghana targets another 4G spectrum to boost operations
MTN Ghana has indicated that it is seeking to purchase the remaining 4G spectrum on offer by the National Communications Authority (NCA). The company said the move should improve its quality of service delivery and expand its network operations. MTN was initially excluded from purchasing any of the three (2 x 5) megahertz spectrums that…
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MTN to pay about GHS370 million in dividends to shareholders
Shareholders of MTN Ghana are to receive three pesewas per share in dividends from the telecom company. The decision was taken by the directors of the company upon the publication of its financial statement for 2018. However, the stock price of MTN has witnessed a drop of 6.67 percent, for the eight months of trading…
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expressPay launches Visa on mobile to drive digital payments in Ghana
expressPay, a leading financial technology service provider has launched Visa on mobile – an innovative Visa electronic payment service. This will allow thousands of consumers and merchants to make and accept digital payments more conveniently. The Visa on mobile solution will allow consumers to simply scan a merchant QR code to make a payment. The…
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Mobile money fraud: Police, telcos seek review of prosecution process
The Cyber Crime Unit of the Ghana Police Service is advocating a possible review of the current process in investigating and prosecuting fraud cases in mobile money transactions. The security agency believes the current procedure could partly be blamed for the seeming lack of interest for victims to report instances of fraud hence increase in…
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GCNet deploys Trade Facilitation Platform to boost revenue mobilisation
The Ghana Community Network Services Limited (GCNet), a public-private partnership, has deployed an upgraded version of its end to end smart clearance system for stakeholders to boost domestic revenue collection. The upgraded (Trade Facilitation Platform – TFP) is also designed to enhance user experience and improve the ease of doing business. The TFP, an integrated…
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J.A. Kufuor named on MTN’s International Advisory Board
Former President John Agyekum Kufuor has been named on MTN’s International Advisory Board (IAB) alongside former South African President Thabo Mbeki. A statement issued by the telecoms company said the advisory board is a new creation with a goal to guide and support MTN in fulfilling its vision of increasing its footprint across the continent.…
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Contractors can no longer vary projects cost by more than 10%
Government has said it is no longer permitted for contractors in the public sector to vary the cost of projects awarded to them by more than 10 percent. The ceiling was captured in the new e-procurement initiative recently launched. The cap on the allowable cost for project variation comes after incidents of costs of projects…
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MTN pays 17 million cedis as interests on mobile money
MTN Ghana has commenced payment of 17.1 million cedis to 10,630, 175 customers as interest earned for the first quarter of 2019. The payments commenced on Sunday [April 28, 2019]. A statement from MTN to Citi Business News said the 2019 first quarter payments brings to over 156.2 million cedis in interest paid to Mobile…