Bank of Ghana suspends Forex Licenses of Fidelity Bank and First National Bank

 The Bank of Ghana (BoG) has fined Fidelity Bank Ghana Limited and First National Bank Ghana Limited a combined 1000 penalty points each for breaching sections 3.4, 3.5, and 3.9 of the Ghana Interbank Forex Market Conduct rules. “By this notice, we caution forex market players including banks, forex bureaus, forex brokers, and money transfer … Read more

You won’t believe which country dominates TikTok usage worldwide

person holding black android smartphone

As per the findings of the Reuters Institute Digital News Report 2023 survey, Kenya has emerged as the global leader in TikTok usage. Statistical Data A significant 54% of users in Kenya actively engage with TikTok for a variety of purposes, with 29% specifically relying on the platform for news consumption. Thailand secures the second … Read more

MTN increases Momo cashout fees effective July 1st

In an SMS circular to customers, MTN MobileMoney Limited said, “Y’ello Valued Customer, kindly note that effective July 1, 2023, Cash out transactions below Ghc2,000 will attract a fee of 1%. Cash-out transactions from Ghc2,000 and above will attract a flat fee of Ghc 20. This will be charged to your wallet. Do not pay any other fee to any MoMo agent. Just Momo it”.

Google Unveils African Cohort for its 2023 Black Founders Fund

Google for Startups has chosen 25 African startups to receive support through the Black Founders Fund. With $4 million in funding, the Black Founders Fund aims to address racial inequality in venture capital funding. It provides grants and mentorship to early-stage Black-led businesses in Europe and Africa. The selected startups will receive significant assistance, including … Read more

AirtelTigo Rebrands as AT: Simplifying Telecommunications for Customers

AirtelTigo has changed its name to AT starting from June 22, 2023. In 2017, Airtel and Tigo merged to become AirtelTigo. They have been providing various telecommunication services like data, mobile money, and voice services. The new name, AT, will be used for all sub-brands like ATMoney, AT Business, AT Premier, and AT Insurance. The … Read more

Desperate Cocoa Farmers on the Verge of Selling Farms for Galamsey! Government Urged to Act Now or Face Catastrophic Consequences

a bunch of cocoa fruit

The Western Region is gradually losing its position as a major cocoa-producing region due to the intensification of illegal small-scale gold mining activities. Cocoa farmers in the Prestea-Huni-Valley Municipality of the Western Region have cautioned the government to immediately increase the price of cocoa, or they will continue to sell their cocoa farms for galamsey … Read more