Category: TECHNOLOGY
-
Mobile money poses no threat to the banking sector-Beige boss
The Chief Executive Officer of BEIGE Capital, Mike Nyinaku, has asserted that the Mobile Money service poses no threat to the future of the banking sector in Ghana. Mr. Nyinaku made the assertion during a pre-event interview he granted to the media at the Ghana Economic Forum, where he was a guest speaker. Though the…
-
Expresso ‘exit’: less harm to industry – Telecom Analyst
Telecom Analyst, Fouad Chalabi has downplayed any significant impact of the possible exit of Expresso on Ghana’s telecom industry. He argues the telecom company’s market share is quite negligible which will not adversely affect operations within the sector. “It has no effect because they do not have any significant market share; it is not a…
-
Banks and telcos urged to collaborate to capture the unbanked
Banking Consultant, Nana Otuo Acheampong is encouraging greater collaboration between banks and telecommunication companies offering mobile money services and reduce the unbanked population in Ghana. According to him, this will help banks serve customers in remote areas without having to set up physical branches which increase their costs of operations. Speaking to Citi Business News, the Banking…
-
NCA cautions public against buying unapproved set top boxes
The National Communications Authority (NCA), has warned the public against buying unapproved Digital Terrestrial Television (DTT) receivers (televisions and set top boxes). According to the NCA, many of the set top boxes do not meet the certified standard and will not function when there is switch from analogue broadcasting to digital broadcasting In an interview…
-
NCA to revoke Expresso’s license
Citi Business News can confirm that the National Communications Authority (NCA) has begun the processes to revoke the license of telecommunication company Expresso. According to the NCA’s Director for Engineering Henry Kanor the prolonged inactivity of Expresso is affecting industry stakeholders and creating a shortfall in the revenue targets of the regulator and government. In…
-
Expresso still struggling to secure investors
Information gathered by Citi Business News indicates that telecom company, Expresso has still not been able to secure an investor to stabilize its operations. The company which is currently struggling announced earlier this year that it will seek investors to help it come back into full operation. Some Players within the telecom industry have however…
-
Telcos work to meet SIM registration mop-up deadline
The Ghana Chamber of Telecommunications has told Citi Business News it is confident its members will meet the September 30 deadline for a mop-up exercise of SIM card registration. Telecom operators have since April this year, commenced a mop-up exercise to register some existing and new SIM cards of their respective customers. “We have not…
-
Tigo staff interact with customers on new promotion
The management and staff of Tigo have interacted with the company’s customers about ‘Wo suro aaa wondi’ promotion rolled out to reward loyal customers with cash and other items . The team visited markets and bus stations at Kaneshie, Ashiaman, Kwame Nkrumah Circle, Abeka Lapaz, Accra Central and Madina to engage directly with the customers.…
-
Telcos bemoan delays over e-money license
Mobile money operators in the country want the Bank of Ghana to expedite the processes of issuing licenses to Dedicated Electronic Money Issuing Institutions (DEMI). They argue that the licenses will boost confidence and increase patronage of the mobile money services. Ghana’s Electronic Money Regulations states that the central bank has up to ninety (90)…
-
Customers to enjoy interests on mobile money accounts end of 2016
Mobile money account holders with the various telecom operators will begin to earn interests on their accounts by the end of year. This is the assurance from the Bank of Ghana. The decision has become necessary following demands from customers and the service providers for interests to be paid on mobile money accounts just as…