MTN EMPOWERS GHANAIANS WITH EDUCATION ON FINANCIAL INCLUSION
MTN, the leading telecommunication service provider in Ghana, has held its 2015 Mobile Money stakeholder forum at Alisa Hotel in Accra. The forum is held annually as part of the MTN Mobile Money Month celebration to deliberate on issues relating to e-financial services in the country.
The topic for this year’s forum was Maximising the Potential of Mobile Money to drive Financial Inclusion in Ghana. Participants included representatives from Ghana’s financial sector, the regulator Bank of Ghana and other stakeholders.
Speaking at the forum, the Chief Executive Officer of MTN Ghana, Mr. Ebenezer Twum Asante said, “the success of MTN Mobile Money Service in Ghana is the result of a concerted effort by all stakeholders in the services and financial industry.” According to him, “Policy change and regulatory support for Mobile Money Service providers encourage active participation and innovation within the sector.” He commended the partner banks, technology partners, online retailers and partner schools for their collaboration in making MTN Mobile Money Service a success story in Ghana.
Addressing the audience, Mrs. Elly Ohene-Adu, Head of Banking at Bank of Ghana said that the mobile phone has proven itself to be the game-changer in overcoming the limitations of bricks and mortar. She called for the introduction of funds transfer options that work across networks to ensure interconnectedness. Mrs. Adu also that there is the need for the adoption of a code of conduct to guide the operations of e-issuers in Ghana. She commended MTN for the great work done in reaching the underserved with financial services.
Mr Louis Amenyo Adanuty, CEO of TEKSOL Ghana, endorsed the claim that Mobile Money was one of the best services to bring the unbanked into the banking system.
Mr Yoofi Grant, Director of Databank Financial Services Ltd., reiterated the view that Mobile Money facilitated business at less cost, whilst Mr Myles Christian Hagan, Head of E-Channels, Universal Merchant Bank, said the provision of financial services through a Mobile Money medium had facilitated a significant growth in financial inclusion in Ghana.
The speakers commended Bank of Ghana for issuing the new guidelines to regulate mobile financial services in the country.
The MTN Mobile Money Stakeholder Forum was organized as part of the Mobile Money Month celebration. The celebration is held annually by MTN to create awareness about electronic cash services and highlight the importance and convenience they bring to customers.