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2020 recorded GH¢571.8bn (USD99.67bn) MoMo transactions – BoG

2020 recorded GH¢571.8bn (USD99.67bn) MoMo transactions – BoG
businessdayghana.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessdayghana.com Daily Mail and Mail on Sunday newspapers.

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GH¢571.8bn MoMo transactions recorded in 2020 – BoG

GH¢571.8bn MoMo transactions recorded in 2020 – BoG
By Eric Nana Yaw Kwafo
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The Bank of Ghana (BoG) has disclosed that GH¢571.8bn (USD99.67bn) Mobile Money (MoMo) transactions were recorded in 2020.
In an era where the use of technology to minimize contact while surviving in the global covid-19 pandemic has become paramount, Ghanaians now more than ever embraced the use of mobile money for various transactions.
As the service continues to grow, BoG has confirmed that there are over 17 million active mobile money accounts in the country and still counting.
Speaking during a joint AFW2/MCM virtual regional workshop programme on Tuesday, April 6, 2021, Mrs. Elsie Addo Awadzi who is Second Deputy Governor at the BoG has provided an update on transactions recorded in the past year. ....

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CBK gets bigger role on digital payment systems

CBK gets bigger role on digital payment systems
Monday February 01 2021
By OTIATO GUGUYU
Summary
Treasury CS Ukur Yatani says the growth of State services on digital platforms came with increased risks of fraud or cybercrime which could lead to significant loss of government revenue.
The Central Bank of Kenya (CBK) is set to tighten oversight of mobile money as the government moves to safeguard billions of shillings paid through its expanding digital service platforms.
Treasury Cabinet Secretary Ukur Yatani said the growth of State services on digital platforms came with increased risks of fraud or cybercrime which could lead to significant loss of government revenue. ....

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