Business
Volunteer information on suspected money laundering, unexplained wealth – BOG urges public
The Bank of Ghana has urged the public to volunteer information on suspected cases of money laundering and unexplained wealth. This is to combat financial crimes, sanitize the industry and uphold the integrity of the country’s financial system. The Central Bank stressed collaborative efforts in identifying and addressing illicit financial activities that pose a threat […]
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Opinion
Side Hustle Culture: Extending Our Working Hours To Keep Up Appearances
I’m sure you’re aware of all the side hustle evangelists online touting that everyone should have a side hustle, peddling their “side hustle formula” and “get-rich-quick” schemes. They portray having a side hustle as a glamorous pursuit of ambition, masking the fundamental motivator: additional income to keep up appearances. Having said this, I can’t make […]
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Business
BoG increases mobile money transaction limits effective March 1
The Bank of Ghana (BoG) has revised the balance and transaction limits of customers’ mobile money wallets upward, effective March 1, 2024. In a statement issued by the Ghana Chamber of Telecommunications on Tuesday, February 27, 2024, it noted that the move is in line with increasing trends of transactional activities and evolving customer needs. […]
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Featured
Scrapping of e-levy: Momo users sceptical about Bawumia’s promise
Some mobile money users in the Ashanti Region are sceptical about the promise Vice President Dr. Mahamudu Bawumia gave concerning the scrapping of the e-levy if he becomes president of Ghana. The controversial tax was introduced in 2022 by the Akufo-Addo government. While delivering a public lecture on his vision for the country after he […]
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General News
OSP Returns Cecilia Dapaah’s Money
Special Prosecutor Kissi Agyebeng The Office of the Special Prosecutor (OSP) has returned the assets and cash seized from Cecilia Abena Dapaah, bringing an end to a long-standing legal
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Music
Founder of Pop group Boney M, Frank Farian dies
Frank Farian, the German singer, songwriter and producer behind eurodisco hit-machine Boney M, pop duo Milli Vanilli and numerous other chart-topping acts has died aged 82, his agency has announced. Born Franz Reuther in Kirn, western Germany, he started his career as a solo musician and enjoyed a hit with a Schlager version of the country […]
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Banking & Finance
Navigating the mobile money landscape: Unraveling the roles of banks, fintechs and telcos
Over the last 15 years, one of the major developments that has revolutionized and disrupted the entire financial sector in Ghana is the emergence of Mobile Money Services (MoMo). Though MTN launched its Mobile Financial Services (MFS) in 2009, many Ghanaians were yet to warm up to it as a safe mode of payment in […]
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Banking & Finance
Micro money laundering: The new kid on the block. How prepared are we?
We are in a world where by the click of button, money is transferred from one jurisdiction to the other with ease. The emergence of digital payment platforms and money remittance services (Fintech) has changed the way we interact with money on daily basis. Technology has contributed to this effective and efficient way of doing […]
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