Banking and MoMo Fraud: GHS82 Million Lost in 2022
Ghana's digital ecosystem week in review: Ghana Labour Market Information System launched, aYo reaches 8 million users, 40 stem girls graduate, ...
Accra Digital Digest No. #0010011
Date: June 12 - June 18, 2023
Dear Friends,
Happy Fathers Day to all fathers working in the digital economy. We celebrate your sacrifices and dedication.A new week is upon us, and we are excited to share with you the most important news, perspectives, analysis, and insights about Ghanaian digital ecosystem last week.
Digital infrastructure & platforms
News updates
Ghana sets up $30m World Bank funded labour market information system The government is preparing to operationalise the Ghana Labour Market Information System (GLMIS) in September 2023, the Ministry of Employment and Labour Relations (MELR) has announced.
BenBen, Oko Forests, and FCDO collaborate to enhance land tenure security in carbon credit projects
BenBen and Oko Forests are collaborating with the UK Foreign, Commonwealth and Development Office (FCDO) to explore the role of blockchain technology in securing land and tree tenure within carbon credit investments in Ghana.
Digital governance
News updates
Banking & MoMo Fraud: GHS82 million lost in 2022
In 2022, financial institutions in the country recorded a significant loss of GHS82 million in a total of 15,164 fraud incidents during the course of the year.
The total comprised of GHS56 million lost to fraud in banks and Special Deposit-taking Institutions (SDIs), and GHS26 million lost in the form of e-money (including mobile money) via payment service providers (PSPs) – including mobile money operators.
10 million Ghana Card holders without TIN
The Ghana Revenue Authority (GRA) has found out that more than 10 million Ghana Card holders whose information has been migrated to its system are not registered as taxpayers.
#CitiBusinessFestival: Trust ecosystem needed to minimize e-commerce fraud – Benedict Bentil
Senior Manager, Enterprise Marketing and Portfolio Management at MTN Ghana, Benedict Bentil believes a robust trust ecosystem is crucial for a smooth operationalization of the e-commerce industry in Ghana.
BoG cautions public against 97 illegal loan Apps
The Bank of Ghana (BoG) is cautioning the public against patronizing the services of some 97 illegal mobile apps mainly on Google Play Store which offer loans without regulatory approval.
Digital finance
News updates
AfricaNenda leads delegation to learn from Ghana’s instant payment milestones
Ghana has recently taken the global spotlight in the realm of advanced payment solutions with its instant and inclusive payment platform – the GhIPSS Instant Pay (GIP). AfricaNenda therefore led a delegation from central banks and payment switches in Africa to come learn from Ghana’s shinning example.
Zeepay appoints new Board Chairman to steer series A5 fundraise
Zeepay, Africa’s leading cross-border fintech specializing in remittance to mobile wallets has appointed Daniel Gyimah as the new Board Chairman as it gears up for the next phase of its growth and expansion.
Mobile money fraud increased 117% in 2022 – BoG Report
Mobile money fraudster succeeded in stealing GH¢26 million from Ghanaians in 2022, representing a significant 117% increase from GH¢12 million a year before.
aYo reaches 8 million Ghanaians, pays GHS14 million in over 40,000 claims
aYo Intermediaries Ghana, the leading inclusive insurance company in the country, has over the past six years reached a significant eight million.
MTN to Make Possible Self Reversal of Wrong MoMo Transactions
The biggest mobile money operator in Ghana, MobileMoney Limited (MTN MoMo) says it is currently working on implementing a self-service option for customer wrong transfer reversals.
Tingo Group and CEO caught in alleged pack of fraudulent claims
Nigerian and New Jersey-based self-acclaimed Agribusiness and telecoms firm, Tingo Group has been caught in alleged pack of numerous fraudulent claims in an investigation conducted by New York-based Hinderburg Research.
Digital entrepreneurship
News updates
MTN employee volunteers to train about 3000 entrepreneurs during 21 days of Y’ello Care
MTN has commenced its Annual Employee Volunteer Programme dubbed 21 Days of Y’ello Care under the theme ‘Empowering entrepreneurs to unlock growth and job creation for communities”. Guided by the theme for 2023, ‘MTN employee volunteers are focused on leveraging digital, financial tools and skills as enablers to unlock growth for entrepreneurs.
Visa launches African fintech startup accelerator programme
Visa is launching a fintech accelerator programme for African startups as part of its recent $1 billion pledge to accelerate the deployment of digital payments across the continent. The Visa Africa Fintech Accelerator will see up to 40 start-ups each year go through a three-month intensive learning programme focused on business growth and mentoring.
Sankalp Summit held; rewards impact enterprises
The Global South’s largest convening on impact entrepreneurship and sustainable development, the Sankalp Summit has held the 1st Edition of the Sankalp West Africa Summit in Accra Ghana.
Digital talents
News updates
Stakeholders in the tech industry are urging corporate bodies in the country to leverage artificial intelligence (AI) to enhance their competitiveness in the globalized marketplace.
The African Science Academy (ASA) has held its 6th graduation ceremony, with 40 young women drawn across Africa graduating with various certificates in science, technology, engineering and mathematics (STEM) fields.
The Responsible Artificial Intelligence Lab (RAIL) has been at the forefront of leveraging Responsible Artificial Intelligence (AI) to develop innovative solutions for major sectors of the economy including the agriculture sector
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