Category: TECHNOLOGY
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Fiber cuts a menace to telcos
Telecom operators are lamenting over the constant fiber cuts and power outage which they say is their biggest setback in the industry. According to the Telecom operators, although they are working to find a solution to the situation, they have so far been quite unsuccessful. Chief Commercial Officer of Tigo Ghana, Tara Squire in an…
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Tigo begins payment of ‘Tigo cash’ interests
Telecommunications Network, Tigo Ghana today commenced payment of interests on mobile money wallet to customers. According to Tigo, 65,000 customers have so far received interest on their Tigo Cash. A total of over GHc1.2million is expected to be paid to all Tigo Cash users by the end of the first and second quarter payment windows. Speaking…
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Mobile money interests to be paid by end of today
Some telecom operators have assured subscribers of mobile money services yet to receive interests on their accounts to expect them by the end of today, September 13, 2016. It comes on the back of concerns by customers over the apparent delay in the release of interests; three days after the process begun. About 12 million…
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Mixed reactions over interests on mobile money
Customers of mobile money services have expressed mixed reactions to the payments of interests, a day after the process started. The customers, who are generally happy about the development, however tell Citi Business News the amounts they received are quite insignificant. “I am not happy and I am expecting more… I think 50 pesewas is…
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Mobile money interest payments take off today
Effective today September 11, customers of mobile money services will begin earning interest on their mobile money accounts. The interests to be paid will however be the accumulated interests for the first quarter while interests for the second quarter are expected to be paid on September 18, 2016. The Bank of Ghana, in August this…
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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…
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![The Business Risk of Cyber Threats to Ghana’s Banking & Financial Systems [Article]](https://citibusinessnews.com/wp-content/uploads/2016/06/cyber-1.jpg)
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…
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Ghana likely to become regional hub for Bosch
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…
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Banks threatened by mobile money service – PwC survey
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…
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Mobile money interest payments start September 11 – BoG
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…