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MTN Management confident IPO will be a success – Adadevoh

Chief Executive Officer of MTN Ghana, Selorm Adadevoh says the company is confident that the Initial Public Offering (IPO) would be successful. Speaking to some section of the media on the progress of the IPO in Accra yesterday, he said the response from both institutional and retail investors so far …

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Africa to hit 634 million mobile subscribers by 2025 – Report

The new report forecasts that there will be 634 million unique mobile subscribers across Sub-Saharan Africa (SSA) by 2025, according to the latest edition of GSMA Mobile Economy report series. It said that figure was equivalent to 52 per cent of the population, up from 444 million (44 per cent) …

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Tourism Ministry pays tribute to Professor Atukwei Okai

The Ministry of Tourism, Culture and Creative Arts has extended its warm condolences to the family of the late Professor Atukwei Okai, Secretary General of the Pan African Writers Association for their loss. The ministry on behalf of the government and people of Ghana, stated that they were behind the …

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Surge in cryptocurrencies driving new hitech virtual money laundering – CipherTrace

The Rising spate in the theft of cryptocurrencies is driving the surge of a new, high-tech era of virtual money laundering, a headache to governments globally, according to a report.  In the first half of 2018, more than US$760 million in cryptocurrency was stolen from exchanges – a threefold increase …

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Invest in science and technology, CSIR urges African governments

Dr George Owusu Essegbey, Director, Science and Technology Policy Research Institute (STEPRI) of the Council for Scientific and Industrial Research (CSIR), has called on African governments to boost investment in science, technology and innovation (STI). He said investing in STI by African governments would go a long to accelerate the …

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Digitising financial services key to boosting financial Inclusion – Global Findex

Ghana can drive financial inclusion further up if it takes advantage of opportunities to digitise payments in various sectors including government, agriculture, utilities, investments, insurance and savings, among others. Digital technology is a major driver of financial inclusion in Sub-Saharan Africa, including Ghana and increasing digitisation across these sectors will …

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Stop politicizing national identification process – President tells Minority

President Nana Addo Dankwa on Saturday called on the Minority in Parliament to stop politicizing the national identity registration process and to support the initiative to aid Ghana’s transformation agenda and development. He said it is unfortunate that leaders of the Minority in Parliament were deliberately sabotaging the process, which …

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MTN freezes wallets of customers in Ponzi scheme scam

Management of MTN says it has received complaints from some of its mobile money customers, who allegedly contributed to a Ponzi scheme operated by Savannah Brokerage Investment and are demanding reversal of their respective amounts invested. A statement issued by Mr Samuel Koranteng, Acting Corporate Services Executive, MTN, said the …

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Mobile money ‘interoperability’ transactions hit nearly 100,000

Some 96, 904 cross-network mobile money transactions took place in the first month of the launch of mobile money interoperability. The transactions are valued at over GH¢8.3 million. These transactions are limited to transfers from mobile money wallet to another, according to a report on the first month performance of …

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Mobile money transactions in Ghana after interoperability record over GH¢12.4m in a month

Fund transfers from one mobile network to another have witnessed consistent growth in the value and volume of transactions since mobile money interoperability was launched on May 10, this year. In the first month of operation, mobile money interoperability recorded a total of 136,469 transfers valued at about GH¢12.458 million, …

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