The Economic and Organized Crime Office (EOCO) has arrested four people allegedly involved in a “sophisticated mobile money and sim swap fraud scheme.” EOCO has put the four accused, including a female, before an Accra Circuit Court for their actions, which have led to the loss of GHC113,947.57 cedis belonging to one of Ghana’s largest […]
The Bank of Ghana (BoG) has revised the balance and transaction limits of customers’ mobile money wallets upward, effective March 1, 2024. A statement from the Ghana Chamber of Telecommunications pointed out that the development is in line with increasing trends of transactional activities and evolving customer needs. On daily transaction limits, customers with a […]
The Member of Parliament for Zebilla, Cletus Avoka has attributed the perceived corruption within the legislature to the relentless demands imposed on lawmakers, primarily by the public and their constituents. Speaking to Starr FM, Mr. Avoka shed light on the challenges faced by MPs due to incessant financial solicitations. He revealed that these demands often […]
The total value of Mobile Money transactions in the first two months of 2023 hit ¢264.1 billion, about 72.6% growth year-on-year. This significant growth shows that Mobile Money transactions is hitting record highs despite the Electronic Transaction Levy (E-Levy). In the first two months of 2022, total Mobile Money Transactions stood at 153 billion According […]
MTN Mobile Money Limited, a subsidiary of MTN Ghana, has effectively implemented the new Bank of Ghana (BoG) daily and monthly limits on mobile money transactions. It is part of measures to facilitate more efficient payments and encourage a seamless transition to a cash-lite society. Efficient payments A press release issued in Accra by MTN […]
The Vice-President, Dr Mahamudu Bawumia, has launched a platform that will harmonise individual fraud control mechanisms of mobile money operators in the country. He said the system would help in blocking subscriber identification module (SIM) cards and mobile devices, as well as blacklist identification numbers that connected to fraud or general crime-related cases. Dr Bawumia, […]
Mobile Telecommunications giant, MTN over the weekend held a stakeholder dinner in the Central Regional Capital, Cape Coast as part of the 10th Anniversary celebrations of the company’s flagship product, Mobile Money, popularly known as MoMo. The Regional Senior Manager incharge of the South West Business District, Mr. Prince Owusu Nyarko in his welcome remarks […]
A swift move made by Mobile Telecommunications giant, MTN Ghana has averted the duping of a Mobile Money merchant in Tema to the tune of Ghc 4,000.00 by members of a cybercrime syndicate. Information gathered by BestNewsGH.com has it that on Wednesday 12th June 2019 at about 1000hrs, a known elderly man (later discovered was […]
