Mobile Money: BoG gives telcos 6-month ultimatum

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• Ofosuhene Clement Amanfo 10 years ago

  So you want traders to carry money on them again at the mercy of highway armed robbers? Pls lets try to grow technologically as an emerging economy and reduce such impediments and limitations as quickly as possible.

  So you want traders to carry money on them again at the mercy of highway armed robbers? Pls lets try to grow technologically as an emerging economy and reduce such impediments and limitations as quickly as possible.

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• Ghanabia 10 years ago

  Let us look at the good side of this directive. It is aimed at channeling the money tranfer activities of the telcos. Remember they are not banks or micorfinancial instittuions. If they want to engage in such activities they ...
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  Let us look at the good side of this directive. It is aimed at channeling the money tranfer activities of the telcos. Remember they are not banks or micorfinancial instittuions. If they want to engage in such activities they have to be registered as such and pay the requires taxes. It is simply to strealine their activities for they have already exploited the nation's system to such an extend that thay ways have to be sought to minimise further and worsening exploitation. Let us not see the directive with political lenses.

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• wil 10 years ago

  Massa fas)) h), what has our leaders been doing with our taxes, Is it mismanagement,stealing our fund?

  Massa fas)) h), what has our leaders been doing with our taxes, Is it mismanagement,stealing our fund?

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• ABRAHAM 10 years ago

  PAYCODE WHICH ENABLE BUYERS TO PAY THE KEY SELLERS WHEN THEY BUY ON STREET VENDORS, VENDORS SHOULD HAVE BANK ACCOUNTS WITH ASSGNED PURCHASE CODE FOR THEIR BUYERS TO USE WHEN PURCHASING THEIR PRODUCTS ON THE STREET

  PAYCODE WHICH ENABLE BUYERS TO PAY THE KEY SELLERS WHEN THEY BUY ON STREET VENDORS, VENDORS SHOULD HAVE BANK ACCOUNTS WITH ASSGNED PURCHASE CODE FOR THEIR BUYERS TO USE WHEN PURCHASING THEIR PRODUCTS ON THE STREET

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• patriotic seidu 10 years ago

  BOG should rather concentrate on stabilizing the cedis which is the main cause of financial meltdown and causing suffering in the face of citizens.Does the law not require you to manage the economy well? Stop disturbing micro ...
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  BOG should rather concentrate on stabilizing the cedis which is the main cause of financial meltdown and causing suffering in the face of citizens.Does the law not require you to manage the economy well? Stop disturbing micro financial institutions, mobile money business and stick to your main business of stabilizing the economy...thanks.

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• Buli 10 years ago

  well, from the data presented here, has there been any or suspicion of any fallout in the mobile money busines? if no, why the restriction.Look, that business has democratized banking in Ghana and should be made even better.

  well, from the data presented here, has there been any or suspicion of any fallout in the mobile money busines? if no, why the restriction.Look, that business has democratized banking in Ghana and should be made even better.

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• Member-Y 10 years ago

  the BoG is now waking up from its sleep! the telcos have been reaping billions of cedis all these years and the central bank is just now GETTING ready to get into it! Amazing!! how do you expect the country to develop using i ...
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  the BoG is now waking up from its sleep! the telcos have been reaping billions of cedis all these years and the central bank is just now GETTING ready to get into it! Amazing!! how do you expect the country to develop using its tax revenues?

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• Mosaic 10 years ago

  I hope government will not allow CBN to deny the rural folk who due to unavalability of banks use this service. These are some of the people working to undermine goverment to make it unpopular. Who has complained about lose o ...
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  I hope government will not allow CBN to deny the rural folk who due to unavalability of banks use this service. These are some of the people working to undermine goverment to make it unpopular. Who has complained about lose of money all these years?

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• ghanain 10 years ago

  is it bcos we are no more going to dis slow' busy for nothing BOG?? masa alow de mobile money to operate in its freedom! trust me i will never keep my money in dat time wasting bank again!

  is it bcos we are no more going to dis slow' busy for nothing BOG?? masa alow de mobile money to operate in its freedom! trust me i will never keep my money in dat time wasting bank again!

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• Ama 10 years ago

  Don't kill it if the banks are asking you to do so. Each switch has been killed . We even want credit cards in Ghana

  Don't kill it if the banks are asking you to do so. Each switch has been killed . We even want credit cards in Ghana

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• Fuga 10 years ago

  This Bank of Ghana is only interested in destroying any good thing. First, it started with depreciating the cedi against the dollar, then collapsing DKM financial services and now they have seen that mobile money is progressi ...
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  This Bank of Ghana is only interested in destroying any good thing. First, it started with depreciating the cedi against the dollar, then collapsing DKM financial services and now they have seen that mobile money is progressing and it is their wish that they collapse that one too. Shame, fix the cedi first

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• Obiba JK 10 years ago

  BoG bring back our dkm.
  We will start intercepting their buses soon

  BoG bring back our dkm.
  We will start intercepting their buses soon

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• wil 10 years ago

  BOG, that is all you know,enemy of progress.Why didnt the BOG come up with that idea of E money/mobile money nd regulate it yourself? What. you hate is to see young institutions,entrepeneurs making bigger money.U onli want to ...
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  BOG, that is all you know,enemy of progress.Why didnt the BOG come up with that idea of E money/mobile money nd regulate it yourself? What. you hate is to see young institutions,entrepeneurs making bigger money.U onli want to regulate everytin moni in de system but u arent able to be creative.God save our nation's hipocrates.

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• yussif fuseini 10 years ago

  Bank of Ghana is a useless institution,you sat down unconcern for this entities to operate all this years and now acting,what's the core mandate of this companies aforementioned?,how can this companies takeover the businesses ...
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  Bank of Ghana is a useless institution,you sat down unconcern for this entities to operate all this years and now acting,what's the core mandate of this companies aforementioned?,how can this companies takeover the businesses of banks instead of concentrating on mobile services?with what license did they operate?.I once went to Mtn to send money and for hours I sat and the long cue I met was not moving until I find out why?all they said was that,their network was down,my God if Mtn who's core mandate its to make sure others ve data to work in various offices re them self going through this then what is this country heading?its clear their newly find trade gives them money that providing communication and data services as their primary business.I live in Baatsona on the Spintex road and can not get access to their network when I get home,I ve reported this for a year now without any solution from Mtn and NCA ,the agency that granted them this license does not care,this is the capital city of Ghana not saboba or Talensi where I ll attribute it to distance.As long as people responsible to hold this companies to the toes continue to receive their salaries without any performance checks,then we re in for trouble as a nation.Untill governor of bank of Ghana is fired he ll continue to take Ghanaians for granted.

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• kodua 10 years ago

  I dey Accra here only mobile Money i can use to send my mother money in Kumawu. so what bank can do what de MM is doing now . Please allow them to do they business. Ghana commercial Bank taking we Ghanaians 50 ghana withou ...
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  I dey Accra here only mobile Money i can use to send my mother money in Kumawu. so what bank can do what de MM is doing now . Please allow them to do they business. Ghana commercial Bank taking we Ghanaians 50 ghana without telling us the customer's unless u close ur account before u get ur fifty Gh. All dis what did Bank of Gh say about. u should thin we Ghanaians what we won't not the Banks won't to do.

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