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Mobile Money

Value of MoMo transactions drops after five months of consistent increase

The total value of Mobile Money transactions has fallen for the first time after five months of continuous increase. The surge began in May, as it shot up from GHS32.8 billion in April to GHS41.5 billion, representing a whopping 26.5 percent increase. But after several months, it has dropped from GHS58.8 billion in September to …

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Ghana

Nissan appoints Japan Motors as vehicle assembly partner in Ghana

Nissan has appointed longtime partner Japan Motors Trading Co. as its local partner in an all-new vehicle assembly facility in Accra, Ghana. The appointment is a result of the 2018 Memorandum of Understanding between Nissan and the government of Ghana to lay the foundation for a sustainable automotive manufacturing industry in the country. The first …

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Facebook

Coronavirus: Facebook accused of forcing staff back to offices

More than 200 Facebook workers from around the world have accused the firm of forcing its content moderators back to the office despite the risks of contracting coronavirus. The claims came in an open letter that said the firm was “needlessly risking” lives to maintain profits. They called on Facebook to make changes to allow more remote …

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National

NIC releases list of insurance companies in good standing

The National Insurance Commission(NIC) has shared with the general public all the insurance entities that can be trusted for business operations. NIC is the regulatory and supervisory body of the insurance services sector with a broad consumer. The commission has served the general public with the list of insurance entities in good standing as of …

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Fraud

Chartered Institute of Bankers to launch Code of Ethics to curtail fraud

As part of efforts to reduce the number of fraud cases perpetuated by employees within the banking industry, the Chartered Institute of Bankers in collaboration with the Bank of Ghana and the Ghana Association of Bankers will soon launch the Ghana Banking Code of Ethics. According to the latest banking industry fraud report from the Bank of …

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Google photos

Google Photos hooked users with free unlimited storage. Now that’s changing

Google will restrict free usage of a very popular service. The company will phase out unlimited storage on Google Photos, it announced on November  11, 2020. The service, launched in 2015, allows users to easily upload, back up, and sort through the thousands of images we fill our smartphones with. Any images users upload beyond June 1, …

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Business

Local businesses recovering but challenged with low revenue – Business Tracker reveal

Findings from a second-round COVID-19 Business Tracker Survey conducted between August and September 2020 has revealed that Ghanaian businesses are recovering, with many firms now fully reopened, following the lifting of the country’s partial lockdown.   However, the results show that firms continue to report a decline in sales, difficulties in sourcing inputs, and challenges …

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