Election, the bedrock of democracy has evolved since its first occurrence in ancient Greece, 508 B.C. One of the profound tools which are changing elections is digital technologies. The rise of Artificial Intelligence (AI) is significantly impacting elections. AI describes the ability of digital technologies such as computers to perform…

Before banking or financial systems, individuals provided either cash or an item to another individual within an arrangement that the borrower would return said cash or item to the lender with or without interest in the future. Peer to Peer lending occurs when a lender and borrower transact business without…

Artificial intelligence (AI) is one of the most profound innovations of our time.Artificial Intelligence can be described as an inanimate object’s ability, such as a machine, to display intelligence akin to human behaviour and intellect. In this direction, a machine can perform speech recognition, solve complex problems, undertake translations and…

Investment is not an easy journey. The complexity of investment instruments, coupled with multiple investment offerings means a typical investor is faced with a maze to navigate when it comes to the decision-making process in terms of what investment options to consider, duration of the investment, risk analysis, types of investment portfolio and opportunities to consider. — Traditionally, investment advisors play a crucial role in helping prospective investors make decisions on investment options which can lead to optimum investment decisions. In a fast-growing digital age where innovations in the financial sector are the norm, coupled with the rise of emerging technologies, especially big data, artificial intelligence and…

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. Mobile money users can also send and receive money, make payments and consume…

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. Given this background, political parties have begun to evolve mechanisms and systems to ensure they are able to effectively connect with their base as…

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…