Banks

Banks reject voters, national identification card for transactions

Information gathered by the media indicates many banks are rejecting the new voters and National Identification Card as a form of identification in opening accounts and undertaking transactions. It is however not the fault of the banks as both the voters and national identification cards have not been validated. Independent checks at some branches of …

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Online Payment Apps

Why Small Businesses Need Online Payment Apps

Donna Fuscaldo Senior Finance Writer Online Payment Apps usage are surging. There are pros and cons to accepting this payment method. Cash is no longer king, thanks to the global coronavirus pandemic. Online payment apps and e-commerce are exploding in popularity, requiring small business owners to embrace different payment methods. That’s particularly true of businesses …

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COVID-19

Impact of COVID-19 reinforces gender inequality – WorldBank

The COVID-19 pandemic is creating new challenges to women’s economic security, health, and safety as around the world women continue to face laws and relations that restrict their economic opportunity, a new World Bank report has revealed. The report from the “Women, Business and the Law 2021” made available to the Ghana News Agency at …

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smartphones

Huawei turns to pig farming as smartphone sales fall

Huawei is turning to technology for pig farmers as it deals with tough sanctions on its smartphones. The Chinese telecoms giant was stopped from accessing vital components after the Trump administration labelled it a threat to US national security. In response to struggling smartphone sales, Huawei is looking at other sources of revenue for its …

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mobile money

MoMo transaction fees must be taxed – Ursula Owusu-Ekuful

The Minister-designate for Communications and Digitalisation, Ursula Owusu-Ekuful, has said the transaction fees generated by operators of mobile money should be taxed in the wake of declining traditional revenue streams in the telecommunication sector. According to her, a report from the Common Platform, which monitors mobile money transactions, indicated that monthly usage from 344.6 million transactions, …

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Companies

Companies given up to June 30 to submit data on legal owners to Registrar-General

The Registrar-General’s Department has tasked all existing companies to submit all data on their legal and beneficial owners before July 1, 2021. “From January, every business that comes to register is supposed to download the forms, fill it and attach it to the registration documents. So we have started collecting them,” she noted during a …

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