Mobile money is now the most preferred digital means of payment in Ghana. — The simplicity of mobile money services is one of the reasons for its popularity. Anyone with any type of phone can consume mobile money services by registering a mobile wallet, which serves as a store of value. …

August 22, 2022 Nigeria was the first African country and a significant economy to launch Central Bank Digital Currency — eNaira on Oct. 25, 2021. According to The Central Bank of Nigeria (CBN) governor, Godwin Emefiele, since its inception until August 2022, the eNaira has recorded only 840,000 downloads. Emefiele…

Mobile money is now an indispensable part of the Ghanaian financial system. It provides a mechanism for more than 48 million account holders to undertake transactions. According to the Bank of Ghana, mobile money transactions topped GH¢87.7 billion in April 2022, making them the dominant payment means in the economy. In countries like Nigeria, the mobile money service is bank-led. Mobile network operators (MNO), such as MTN Nigeria, have recently had to acquire banking licenses to…

Technology is now deeply interwoven into the fabric of elections. Electoral management bodies, political parties, civil society actors, observers and citizens are all relying on one digital technological tool or another to ensure effective conduct and participation in elections. — Political parties are beginning to understand that without investments in this area their quest to win or retain political power at elections may not be achievable. …

The certainty of change for everything, including the internet, is a given. The changes we witness in the evolution of the Internet means significant new exciting services are driving the growth of many online applications. The first iteration of the Internet, web1 was static, made up of weblinks and homepages; then web2 came along, enabling users to create their own content seamlessly. Though web2 helped user content generation, the large tech companies providing services on the Internet had greater control and ownership of this user…

Money is a vital tool in our modern society. From the early days of barter, where physical items were used to facilitate the exchange, to the modern world, where paper notes and coins serve as legal tender, society’s need to find some form of instrument for exchanging goods and services remains vital. Advancements in modern digital technologies are giving rise to digital payments; with an emergence of privately issued digital currencies, including cryptocurrency. These developments have given rise to the need for central banks to consider issuing their own digital currency, known as a Central Bank Digital Currency (CBDC). …

Over 15 billion mobile devices are operating worldwide and the many Apps serve as a tool that enables users to utilize many services. In 1997 Nokia released their 6110 model which came with an in-built game called “snake”. Since then, mobile apps have grown into a multibillion service. Today, a typical mobile user cannot function without a personal, social, business, pleasure, education and religion mobile App.

Ghana’s Financial Technology (FinTech) is growing by leaps and bounds. The FinTech ecosystem in Ghana can be characterized as experiencing rapid transition from the “introduction to growth stage”. …

Launched in 2009, Bitcoin is the original cryptocurrency. It inspired a host of others to be created, but so far none can match Bitcoin’s popularity and market capitalization. Bitcoin stands tall among other cryptocurrencies because it is backed by industrial-scale mining operations that support its value, and it has managed to achieve regulated market status in countries such as Asia, US and Europe and found its way onto the balance sheets of some publicly traded companies like Microstrategy (MSTR), Tesla (TSLA), Galaxy Digital Holdings (BRPHF), Voyager Digital (VYGVF) and Square (SQ).