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Mobile Money systems are safe, secure – MobileMoney LTD
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By Albert Futukpor Tamale, May 06, GNA – MobileMoney LTD (MoMo from MTN) has stated that recent social media posts suggesting that MTN systems were breached due to a cybersecurity issue and urging customers to remove their money are false and deceptive. MobileMoney LTD stated to the Ghana News Agency, “We wish to confirm…
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MTN MobileMoney Assures Customers: Stay Secure and Connected
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MTN MoMom CEO, Shaibu Haruna MobileMoney, which is operated by MTN Ghana for mobile financial services, has assured its clients that their mobile money system continues to be reliable and well-protected. This statement comes after certain posts on social platforms had raised concerns about potential security issues with the platform. The company clarified that…
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Who Gains from a Global Dollar?
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By Andrés Velasco US President Donald Trump thinks America is only for Americans. The US dollar, by contrast, is for everyone. Should the BRICS grouping of emerging economies create a new currency, Trump has tweeted , or “back any other currency to replace the mighty US dollar,” they will face 100% tariffs. The chairman…
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MTN Sees Robust Growth and Profitability in Q1 2025 Amid Macroeconomic Challenges
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MTN Ghana (Scancom PLC), the nation’s premier telecom service provider, has reported notable financial and operational outcomes for the three-month period ending March 31, 2025. These achievements highlight their robustness despite a difficult economic climate characterized by high inflation rates and depreciation of the local currency. Even with an average inflation rate of 23.0%…
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Liam Payne left behind £24m fortune
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Liam Payne left behind money, property and possessions worth more than £24m when he died last year, official records show. The ex-One Direction vocalist passed away in Argentina during October without having a will in place. If an individual passes away without leaving a will, the regulations dictate that any offspring would typically inherit…
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Investing in Food Systems Will Spark Financial Growth Worldwide
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On May 7, Accra – The Ghana News Agency reports that Mr. Peter Aidoo, an economist and Development Coordination Officer at the UN Resident Coordinator’s Office, has urged for investments in food systems as a means to stimulate economic growth and address the funding shortfall within the nation. He emphasized the importance of consistent…
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Central Bank Launches Gold Accumulation Drive for Foreign Exchange Reserves
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Recently, the Bank of Namibia declared its choice to start accumulating gold as a component of managing its foreign exchange reserves. The decision to incorporate gold, aiming for about 3% of total foreign exchange reserves, mirrors international practices among central banks. This choice underscores the strategic importance of gold as an asset that helps…
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Comedian AY Interrogated by EFCC in Currency Scandal
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The renowned Nigerian entertainer and film star, Ayo Makun—commonly referred to as AY—reported that he was questioned by the Economic and Financial Crimes Commission (EFCC) on Monday, May 5, 2025, regarding alleged misuse of the naira. The document indicated that on Wednesday, May 7, 2025, AY mentioned through an Instagram update that he was…
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Billions Saved: How ‘Preventive Audits’ Could Transform Rwanda’s Public Projects
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Auditor General Alexis Kamuhire disclosed that his office plans to enhance “preventive audits” following this strategy’s success in reclaiming approximately Rwandan Francs (Rwf) 9.3 billion during 2024. This sum represents about 98% of possible losses identified within public initiatives since 2023. On Tuesday, May 6, Kamuhire shared these findings when presenting Parliament with the…
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Comedian AY Interrogated by EFCC Over Naira Spraying Incident
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The Nigerian entertainer and performer Ayo Makun, widely recognized as AY, has addressed the matter concerning his recent summons by the Economic and Financial Crimes Commission regarding accusations of naira misuse. On Wednesday, AY posted on his Instagram account that he had been summoned for interrogation on Monday, May 5, concerning the public dispersion…