Business News of 2014-04-02

MoneyGram celebrates milestone in Ghana

The Senior Vice President for Europe, and Africa for MoneyGram International, Mr Peter Osher, has said MoneyGram is confident in the Ghanaian economy.

Mr Osher, who is in Ghana on a week-long official visit, affirmed the company’s interest in supporting the financial sector of the country. MoneyGram is one of the world’s leaders in money transfer with over 20,000 points of sale in Africa.

The visit by MoneyGram International's top management is also to mark key achievements by MoneyGram Ghana in its 20 years of operations.

Key achievements include its 10 millionth transaction, network growth to over 1,600 locations, partnerships with 20 of the leading banks in Ghana and impactful corporate social responsibility (CSR) interventions.

Mr Osher was accompanied by a high powered delegation of MoneyGram senior executive, including Herve Chomel- Vice President for Africa; Juan Melendez - Retail Partnerships; Hal Gronfien - Vice President Marketing; Sabine Bauchau - Marketing Director, Africa; and Francois Peyret, Regional Director for North and West Africa.

MoneyGram money transfer allows Ghanaians living abroad to send money home to loved ones for upkeep, healthcare and education.

“The African remittance industry, in particular, is enjoying vibrant growth, and MoneyGram is well positioned to provide remittance services to a growing community of customers. Ghana is an important market for MoneyGram in our quest to achieve our objectives,” he stated.

“Through our strong partners, a reliable product and innovation, MoneyGram has added and continues to add value as it deploys its global market footprint to constantly deliver customer satisfaction,” Mr Osher added.

He said, MoneyGram's impact in Ghana, over the last 20 years had not been limited to the delivery of safe, fast and convenient money transfer solutions but had supported the regulatory bodies in their quest to curb fraud and other financial crimes.