AirtelTigo is set to reward its customers with over ¢1.0 million in the “To Gu Me So” Reloaded Promotion launched today.

To Gu Me So Reloaded is a target-based promo designed to reward customers with weekly cash prizes, and this edition seeks to provide equal opportunities for all.

The promotion will run from 6th June 2022, through to middle of September 2022 and thousands of customers across the country will be rewarded weekly.

Unveiling the promotion, Chief Marketing Officer of AirtelTigo, Atul Narain Singh said, “last year, with the introduction of AirtelTigo “To Gu Me So”, we were able to make the lives of our customers better by showering on them lots of cash, call minutes, and data. This is evident in the testimonials we received from customers all over the country.”

He continued, “Based on feedback from our customers and the success of last year’s To Gu Me So, we are excited to introduce to you today, a reloaded version of the promo dubbed “AirtelTigo To Gu Me So Reloaded” with the aim of rewarding thousands of customers in the course of the promo.

Airteltigo ‘To Gu me so’ reloaded to expend over ¢1m in cash prizes
Expounding further on how the promotion works, Abubakari Halidu, Chief Sales Officer at AirtelTigo said, “Customers will be assigned two weekly targets: One for AirtelTigo Money (ATMoney) and another for Voice/Data Usage. Customers who achieve the ATMoney target will receive 10 tickets to enter the weekly draw, while achieving their Voice/Data targets will get them five tickets. Customers achieving both targets will get 20 tickets to enter the weekly draw. All the accumulated tickets during the promo will be added to the grand prize draw to increase the chances to the grand draw”.

He noted that customers must dial *500# to check their targets, do more ATMoney: Cash transfers, payments & cash withdrawals, make more calls, browse more, buy more bundles and subscribe to Value-Added Services to meet their unique targets to earn tickets to enter the weekly and grand draw.

“It is important to note that this promo is for AirtelTigo prepaid customers who are 18 years or above. Since this promo is based on chance, we are working with the Gaming Commission of Ghana to provide a reliable and transparent method of selecting winners in weekly and grand draws”, he reiterated.

The AirtelTigo To Gu Me So Reloaded Promo will reward customers every week with Cash Prizes till the end of the promo in September 2022 when the Grand Cash Prizes of ¢125,000, ¢50,000 and ¢25,000 would be rewarded to the Overall Winner, First and Second Runners-Ups respectively.”

Source: Joy Business

Banks and telecommunications companies have commissioned separate assessments into the potential impact of the eCedi on their operations, particularly the mobile money services (MOMO).
The outcomes are to enable the two major players to strategize how to maximize the gains and minimize the challenges that the digital cedi could pose to their businesses.

The Chief Executive Officers (CEOs) of the Ghana Telecommunications Chamber (GTC), Dr Ken Ashigbey and the Ghana Association of Bankers (GAB), John Awuah, disclosed this to the Daily Graphic in separate interviews last week.

MOMO angle
Dr Ashigbey and Mr Awuah said the assessments would focus mainly on the potential impact of the Central Bank Digital Currency (CBDC) on MOMO to both the banks and the telcos, as well as the possible effects of the eCedi on cash management among lenders.

They said the studies would also seek to increase the knowledge of the two sectors on the ecosystem and the general operational structure of the eCedi to help prepare members to participate fully in the rollout.

The two CEOs of the umbrella groups added that the outcomes of the assessments would inform the approach that banks and telcos should adopt in the lead up to the rollout of the eCedi.

Pilot phase
Dr Ashigbey and Mr Awuah were speaking to the paper after information emerged that the BoG was piloting the eCedi.

The Governor of the BoG, Dr Ernest Addison, said on May 30 that selected consumers at Sefwi Asafo, a farming community in the Western North Region, had started using the country’s digital currency to purchase goods and services, including food.

Dr Addison said the users, mostly inhabitants, were the privileged few chosen to pilot the eCedi that the central bank had been betting big on to help expand financial inclusion and drive up digitalization.

Participation
The CEO of the GTC said the chamber was aware of the pilot process, with Vodafone being the telco among the participating institutions.

“We have had some engagements with the regulator on the entire thing, including the pilot.

“With any new technology, there are positives and negatives and that is what we are trying to understand more,” Dr Ashigbey said.

“I am trying to get my members to look into the whole concept and see what it holds for us. Vodafone too will share their experiences for us to see what to improve upon,” he said. He added that while the eCedi presented opportunities to the telcos, it also presented challenges, hence the need for a comprehensive study into how it could affect the telecom industry.

On the potential impact of the eCedi on MOMO, the CEO of the GTC said it was too early to say.

“That is why we want to study it and see. The eCedi can have an effect on MOMO operations but there are ways that it can be deployed for MOMO to benefit, especially in the areas of settlement,” Dr Ashigbey said.

Benefits
On his part, Mr Awuah of the GAB said banks saw the CBDC as beneficiary to their operations and were putting in place efforts to maximize the gains.

The CEO of the association said the digital cedi would complement the cedi notes, thereby impacting positively on currency management.

He said increased use of the eCedi could lead to a reduction in the currency management costs of the lenders as less banknotes would be processed and carted around.

“It will help drive the cash-lite society too. Again, people will have the tokens of the eCedi on their phones, not physical cash, where they can be subjects of attack.

“It will help with distribution of bulk cash. If you need funds in Tamale, you do not have to transport bulk cash there.

“You can just request the amount in the digital form and it will be sent,” he said.

These notwithstanding, Mr Awuah said banks were not sure of the full impact of the eCedi on their general operations.

Consequently, he said, “We are still assessing its impact, including on MOMO and the likes.”

eCedi replaces MOMO?
When asked if the eCedi could impact negatively on MOMO, Mr Awuah said, “I will not say it is going to complement MOMO. The cash-in and cash-out may be affected because this is fiat cash and you cannot withdraw.

“It will not replace MOMO. I do not see eCedi reversing or cannabalizing MOMO but that is why the assessment is being done to study the impact.

“We are commissioning a report on it. We are just trying to understand the ecosystem to see how it will affect our operations,” the CEO of the GAB said.

Source: Maxwell Akalaare Adombila(Graphic Business News)

Leading global ICT company, Huawei has been acknowledged for playing a key role in expanding mobile network connectivity to some unserved and underserved rural communities in Ghana to drive digitalisation.

Huawei is the technical partner on the Rural Telephony Project which seeks to bring connectivity to over four million Ghanaians in underserved and unserved communities in Ghana.

This is through the use of the innovative RuralStar Solution jointly developed by Huawei and the Ghana Investment Fund for Electronic Communications (GIFEC) under the auspices of the Ministry of Communications and Digitalisation.

Three communities in the Ahafo Region became the recent beneficiaries of the project when a team led by the Communications Ministry commissioned the new RuralStar sites for the people of Apenamedi Dantano and Anwiem communities in the Region to give them access to the mobile networks.

In her remarks to the Chiefs and people of Dantano and Anwiem all in the Asunafo South District, the Communications and Digitalisation Minister, Ursula Owusu-Ekuful highlighted the benefits of network connectivity, hence the need to increase and improve infrastructure in that regard.

“The project is very critical to our digital inclusion project and we cannot wait for the telecom companies to do it alone because it may not be fast as we expected.”

She also called on the communities to take full advantage of their newly found connectivity to change their lives.

“The benefits of connectivity to your community goes beyond students using it to advance their knowledge, take advantage of services like Mobile Money, eCommerce, and explore new business opportunities and boost your existing businesses,” she added.

The Minister also acknowledged Huawei for the company’s role in jointly developing the RuralStar Solution which saves up to 60% on the cost of traditional cell sites to enable the government together with partners deploy sites to more rural communities to bridge the connectivity gap.

The Ahafo Regional Minister also called on the community to embrace digitalisation and leverage the availability of mobile connectivity to improve their livelihoods. He also commended Huawei and its partners for their contributions to the project.

As part of the Rural Sites commissioning marathon in the Ahafo Region, the Deputy Minister of Communications and Digitalisation, Ama Pomaa Boateng, inspected the newly completed Rural Telephony project site at Apenamedi in the Asutifi South District Region.

During the visit, the Deputy Minister reiterated the Government’s commitment to ensuring connectivity reaches everyone to facilitate the digital transformation process of government which Her ministry is spearheading.

She also complimented Huawei and the partners of the project for the good job done and entreated them to keep it up to ensure the goal of the project is achieved.

The Public Relations Manager for Huawei Ghana, David Appiah, reiterated Huawei’s commitment to the development of ICT infrastructure in Ghana.

“As a company, Huawei is committed to the development of ICT in Ghana, we shall continue to leverage our global expertise to complement the country’s digitalisation efforts.

“As an organisation, we have a vision of bringing connectivity to every community and our contributions to the RuralStar solution for the Rural Telephony Project is a testament to this,” he added

In Ghana, Huawei continues to complement digitalisation processes with a continuous focus on bridging the digital divide by connecting people and enabling information access across economic, social and geographic boundaries ensuring that more and more people enjoy conveniences brought by communications.

Source: MyJoyOnline

The Asantehene, Otumfuo Osei Tutu II, has praised Vodafone Ghana for its enormous support for sustainable development in the Ashanti Region.

According to him, apart from Vodafone’s support for the prestigious Asantehene Open Golf Championship, it has introduced interventions that benefit everyone, especially women and children, for which he commended the company.

Otumfuo Osei Tutu II said this when the senior management team of Vodafone Ghana paid a courtesy call on him at the Manhyia Palace last Friday.

The purpose of the visit was to announce plans to extend the sponsorship of the Asantehene Open Golf Tournament, which Vodafone has sponsored for 5 consecutive years since 2017.

Otumfuo commends Vodafone for leading sustainable development in Ashanti Region
Chief Executive Officer of Vodafone Ghana, Patricia Obo-Nai, who led the delegation, said her outfit is excited to be sponsoring the Asantehene Open Golf Championship for another year.

She noted that the support of the sport was not only to strengthen Vodafone’s relationship with His Majesty Otumfuo Osei Tutu II and the people of Asanteman but to promote sustainable development in the region through impactful initiatives.

“This year, we have named the month ‘Boa Asanteman’ as we seek to address the key sustainable development needs of the region. Together with His Royal Majesty Otumfuo Osei Tutu II’s Foundation, we will address several issues. These include promoting healthy lives and wellbeing through our Healthfest initiative; reducing maternal mortality with our free ultrasound screening; driving free and inclusive education for everyone through our Instant Schools activations; empowering SMEs with digital skill training as part of our SME Clinics; and ensuring the environmental sustainability of the region with a tree planting exercise,” she said.

“We wish to inform His Royal Majesty that our 2022 Ashanti-month campaign begins today with this official visit,” she declared.

Otumfuo Osei Tutu II thanked Vodafone for leading sustainable development in the Ashanti region and also for promoting health and education in the region. He urged the organization to continue its good work.

The Asantehene also used the opportunity to charge the Royal Golf Club in Kumasi to ensure that Vodafone gets the needed visibility as the headline sponsor of the Championship. Meanwhile, Otumfuo has encouraged the golfers and the wider community to patronize Vodafone’s products and services.

Source: MyJoyOnline

AirtelTigo is set to reward its customers with over ¢1.0 million in the “To Gu Me So” Reloaded Promotion launched today.

To Gu Me So Reloaded is a target-based promo designed to reward customers with weekly cash prizes, and this edition seeks to provide equal opportunities for all.

The promotion will run from 6th June 2022, through to middle of September 2022 and thousands of customers across the country will be rewarded weekly.

Unveiling the promotion, Chief Marketing Officer of AirtelTigo, Atul Narain Singh said, “last year, with the introduction of AirtelTigo “To Gu Me So”, we were able to make the lives of our customers better by showering on them lots of cash, call minutes, and data. This is evident in the testimonials we received from customers all over the country.”

He continued, “Based on feedback from our customers and the success of last year’s To Gu Me So, we are excited to introduce to you today, a reloaded version of the promo dubbed “AirtelTigo To Gu Me So Reloaded” with the aim of rewarding thousands of customers in the course of the promo.

Airteltigo ‘To Gu me so’ reloaded to expend over ¢1m in cash prizes
Expounding further on how the promotion works, Abubakari Halidu, Chief Sales Officer at AirtelTigo said, “Customers will be assigned two weekly targets: One for AirtelTigo Money (ATMoney) and another for Voice/Data Usage. Customers who achieve the ATMoney target will receive 10 tickets to enter the weekly draw, while achieving their Voice/Data targets will get them five tickets. Customers achieving both targets will get 20 tickets to enter the weekly draw. All the accumulated tickets during the promo will be added to the grand prize draw to increase the chances to the grand draw”.

He noted that customers must dial *500# to check their targets, do more ATMoney: Cash transfers, payments & cash withdrawals, make more calls, browse more, buy more bundles and subscribe to Value-Added Services to meet their unique targets to earn tickets to enter the weekly and grand draw.

“It is important to note that this promo is for AirtelTigo prepaid customers who are 18 years or above. Since this promo is based on chance, we are working with the Gaming Commission of Ghana to provide a reliable and transparent method of selecting winners in weekly and grand draws”, he reiterated.

The AirtelTigo To Gu Me So Reloaded Promo will reward customers every week with Cash Prizes till the end of the promo in September 2022 when the Grand Cash Prizes of ¢125,000, ¢50,000 and ¢25,000 would be rewarded to the Overall Winner, First and Second Runners-Ups respectively.”

Source: Joy Business

Banks and telecommunications companies have commissioned separate assessments into the potential impact of the eCedi on their operations, particularly the mobile money services (MOMO).
The outcomes are to enable the two major players to strategize how to maximize the gains and minimize the challenges that the digital cedi could pose to their businesses.

The Chief Executive Officers (CEOs) of the Ghana Telecommunications Chamber (GTC), Dr Ken Ashigbey and the Ghana Association of Bankers (GAB), John Awuah, disclosed this to the Daily Graphic in separate interviews last week.

MOMO angle
Dr Ashigbey and Mr Awuah said the assessments would focus mainly on the potential impact of the Central Bank Digital Currency (CBDC) on MOMO to both the banks and the telcos, as well as the possible effects of the eCedi on cash management among lenders.

They said the studies would also seek to increase the knowledge of the two sectors on the ecosystem and the general operational structure of the eCedi to help prepare members to participate fully in the rollout.

The two CEOs of the umbrella groups added that the outcomes of the assessments would inform the approach that banks and telcos should adopt in the lead up to the rollout of the eCedi.

Pilot phase
Dr Ashigbey and Mr Awuah were speaking to the paper after information emerged that the BoG was piloting the eCedi.

The Governor of the BoG, Dr Ernest Addison, said on May 30 that selected consumers at Sefwi Asafo, a farming community in the Western North Region, had started using the country’s digital currency to purchase goods and services, including food.

Dr Addison said the users, mostly inhabitants, were the privileged few chosen to pilot the eCedi that the central bank had been betting big on to help expand financial inclusion and drive up digitalization.

Participation
The CEO of the GTC said the chamber was aware of the pilot process, with Vodafone being the telco among the participating institutions.

“We have had some engagements with the regulator on the entire thing, including the pilot.

“With any new technology, there are positives and negatives and that is what we are trying to understand more,” Dr Ashigbey said.

“I am trying to get my members to look into the whole concept and see what it holds for us. Vodafone too will share their experiences for us to see what to improve upon,” he said. He added that while the eCedi presented opportunities to the telcos, it also presented challenges, hence the need for a comprehensive study into how it could affect the telecom industry.

On the potential impact of the eCedi on MOMO, the CEO of the GTC said it was too early to say.

“That is why we want to study it and see. The eCedi can have an effect on MOMO operations but there are ways that it can be deployed for MOMO to benefit, especially in the areas of settlement,” Dr Ashigbey said.

Benefits
On his part, Mr Awuah of the GAB said banks saw the CBDC as beneficiary to their operations and were putting in place efforts to maximize the gains.

The CEO of the association said the digital cedi would complement the cedi notes, thereby impacting positively on currency management.

He said increased use of the eCedi could lead to a reduction in the currency management costs of the lenders as less banknotes would be processed and carted around.

“It will help drive the cash-lite society too. Again, people will have the tokens of the eCedi on their phones, not physical cash, where they can be subjects of attack.

“It will help with distribution of bulk cash. If you need funds in Tamale, you do not have to transport bulk cash there.

“You can just request the amount in the digital form and it will be sent,” he said.

These notwithstanding, Mr Awuah said banks were not sure of the full impact of the eCedi on their general operations.

Consequently, he said, “We are still assessing its impact, including on MOMO and the likes.”

eCedi replaces MOMO?
When asked if the eCedi could impact negatively on MOMO, Mr Awuah said, “I will not say it is going to complement MOMO. The cash-in and cash-out may be affected because this is fiat cash and you cannot withdraw.

“It will not replace MOMO. I do not see eCedi reversing or cannabalizing MOMO but that is why the assessment is being done to study the impact.

“We are commissioning a report on it. We are just trying to understand the ecosystem to see how it will affect our operations,” the CEO of the GAB said.

Source: Maxwell Akalaare Adombila(Graphic Business News)

Leading global ICT company, Huawei has been acknowledged for playing a key role in expanding mobile network connectivity to some unserved and underserved rural communities in Ghana to drive digitalisation.

Huawei is the technical partner on the Rural Telephony Project which seeks to bring connectivity to over four million Ghanaians in underserved and unserved communities in Ghana.

This is through the use of the innovative RuralStar Solution jointly developed by Huawei and the Ghana Investment Fund for Electronic Communications (GIFEC) under the auspices of the Ministry of Communications and Digitalisation.

Three communities in the Ahafo Region became the recent beneficiaries of the project when a team led by the Communications Ministry commissioned the new RuralStar sites for the people of Apenamedi Dantano and Anwiem communities in the Region to give them access to the mobile networks.

In her remarks to the Chiefs and people of Dantano and Anwiem all in the Asunafo South District, the Communications and Digitalisation Minister, Ursula Owusu-Ekuful highlighted the benefits of network connectivity, hence the need to increase and improve infrastructure in that regard.

“The project is very critical to our digital inclusion project and we cannot wait for the telecom companies to do it alone because it may not be fast as we expected.”

She also called on the communities to take full advantage of their newly found connectivity to change their lives.

“The benefits of connectivity to your community goes beyond students using it to advance their knowledge, take advantage of services like Mobile Money, eCommerce, and explore new business opportunities and boost your existing businesses,” she added.

The Minister also acknowledged Huawei for the company’s role in jointly developing the RuralStar Solution which saves up to 60% on the cost of traditional cell sites to enable the government together with partners deploy sites to more rural communities to bridge the connectivity gap.

The Ahafo Regional Minister also called on the community to embrace digitalisation and leverage the availability of mobile connectivity to improve their livelihoods. He also commended Huawei and its partners for their contributions to the project.

As part of the Rural Sites commissioning marathon in the Ahafo Region, the Deputy Minister of Communications and Digitalisation, Ama Pomaa Boateng, inspected the newly completed Rural Telephony project site at Apenamedi in the Asutifi South District Region.

During the visit, the Deputy Minister reiterated the Government’s commitment to ensuring connectivity reaches everyone to facilitate the digital transformation process of government which Her ministry is spearheading.

She also complimented Huawei and the partners of the project for the good job done and entreated them to keep it up to ensure the goal of the project is achieved.

The Public Relations Manager for Huawei Ghana, David Appiah, reiterated Huawei’s commitment to the development of ICT infrastructure in Ghana.

“As a company, Huawei is committed to the development of ICT in Ghana, we shall continue to leverage our global expertise to complement the country’s digitalisation efforts.

“As an organisation, we have a vision of bringing connectivity to every community and our contributions to the RuralStar solution for the Rural Telephony Project is a testament to this,” he added

In Ghana, Huawei continues to complement digitalisation processes with a continuous focus on bridging the digital divide by connecting people and enabling information access across economic, social and geographic boundaries ensuring that more and more people enjoy conveniences brought by communications.

Source: MyJoyOnline

The Asantehene, Otumfuo Osei Tutu II, has praised Vodafone Ghana for its enormous support for sustainable development in the Ashanti Region.

According to him, apart from Vodafone’s support for the prestigious Asantehene Open Golf Championship, it has introduced interventions that benefit everyone, especially women and children, for which he commended the company.

Otumfuo Osei Tutu II said this when the senior management team of Vodafone Ghana paid a courtesy call on him at the Manhyia Palace last Friday.

The purpose of the visit was to announce plans to extend the sponsorship of the Asantehene Open Golf Tournament, which Vodafone has sponsored for 5 consecutive years since 2017.

Otumfuo commends Vodafone for leading sustainable development in Ashanti Region
Chief Executive Officer of Vodafone Ghana, Patricia Obo-Nai, who led the delegation, said her outfit is excited to be sponsoring the Asantehene Open Golf Championship for another year.

She noted that the support of the sport was not only to strengthen Vodafone’s relationship with His Majesty Otumfuo Osei Tutu II and the people of Asanteman but to promote sustainable development in the region through impactful initiatives.

“This year, we have named the month ‘Boa Asanteman’ as we seek to address the key sustainable development needs of the region. Together with His Royal Majesty Otumfuo Osei Tutu II’s Foundation, we will address several issues. These include promoting healthy lives and wellbeing through our Healthfest initiative; reducing maternal mortality with our free ultrasound screening; driving free and inclusive education for everyone through our Instant Schools activations; empowering SMEs with digital skill training as part of our SME Clinics; and ensuring the environmental sustainability of the region with a tree planting exercise,” she said.

“We wish to inform His Royal Majesty that our 2022 Ashanti-month campaign begins today with this official visit,” she declared.

Otumfuo Osei Tutu II thanked Vodafone for leading sustainable development in the Ashanti region and also for promoting health and education in the region. He urged the organization to continue its good work.

The Asantehene also used the opportunity to charge the Royal Golf Club in Kumasi to ensure that Vodafone gets the needed visibility as the headline sponsor of the Championship. Meanwhile, Otumfuo has encouraged the golfers and the wider community to patronize Vodafone’s products and services.

Source: MyJoyOnline

AirtelTigo is set to reward its customers with over ¢1.0 million in the “To Gu Me So” Reloaded Promotion launched today.

To Gu Me So Reloaded is a target-based promo designed to reward customers with weekly cash prizes, and this edition seeks to provide equal opportunities for all.

The promotion will run from 6th June 2022, through to middle of September 2022 and thousands of customers across the country will be rewarded weekly.

Unveiling the promotion, Chief Marketing Officer of AirtelTigo, Atul Narain Singh said, “last year, with the introduction of AirtelTigo “To Gu Me So”, we were able to make the lives of our customers better by showering on them lots of cash, call minutes, and data. This is evident in the testimonials we received from customers all over the country.”

He continued, “Based on feedback from our customers and the success of last year’s To Gu Me So, we are excited to introduce to you today, a reloaded version of the promo dubbed “AirtelTigo To Gu Me So Reloaded” with the aim of rewarding thousands of customers in the course of the promo.

Airteltigo ‘To Gu me so’ reloaded to expend over ¢1m in cash prizes
Expounding further on how the promotion works, Abubakari Halidu, Chief Sales Officer at AirtelTigo said, “Customers will be assigned two weekly targets: One for AirtelTigo Money (ATMoney) and another for Voice/Data Usage. Customers who achieve the ATMoney target will receive 10 tickets to enter the weekly draw, while achieving their Voice/Data targets will get them five tickets. Customers achieving both targets will get 20 tickets to enter the weekly draw. All the accumulated tickets during the promo will be added to the grand prize draw to increase the chances to the grand draw”.

He noted that customers must dial *500# to check their targets, do more ATMoney: Cash transfers, payments & cash withdrawals, make more calls, browse more, buy more bundles and subscribe to Value-Added Services to meet their unique targets to earn tickets to enter the weekly and grand draw.

“It is important to note that this promo is for AirtelTigo prepaid customers who are 18 years or above. Since this promo is based on chance, we are working with the Gaming Commission of Ghana to provide a reliable and transparent method of selecting winners in weekly and grand draws”, he reiterated.

The AirtelTigo To Gu Me So Reloaded Promo will reward customers every week with Cash Prizes till the end of the promo in September 2022 when the Grand Cash Prizes of ¢125,000, ¢50,000 and ¢25,000 would be rewarded to the Overall Winner, First and Second Runners-Ups respectively.”

Source: Joy Business

Banks and telecommunications companies have commissioned separate assessments into the potential impact of the eCedi on their operations, particularly the mobile money services (MOMO).
The outcomes are to enable the two major players to strategize how to maximize the gains and minimize the challenges that the digital cedi could pose to their businesses.

The Chief Executive Officers (CEOs) of the Ghana Telecommunications Chamber (GTC), Dr Ken Ashigbey and the Ghana Association of Bankers (GAB), John Awuah, disclosed this to the Daily Graphic in separate interviews last week.

MOMO angle
Dr Ashigbey and Mr Awuah said the assessments would focus mainly on the potential impact of the Central Bank Digital Currency (CBDC) on MOMO to both the banks and the telcos, as well as the possible effects of the eCedi on cash management among lenders.

They said the studies would also seek to increase the knowledge of the two sectors on the ecosystem and the general operational structure of the eCedi to help prepare members to participate fully in the rollout.

The two CEOs of the umbrella groups added that the outcomes of the assessments would inform the approach that banks and telcos should adopt in the lead up to the rollout of the eCedi.

Pilot phase
Dr Ashigbey and Mr Awuah were speaking to the paper after information emerged that the BoG was piloting the eCedi.

The Governor of the BoG, Dr Ernest Addison, said on May 30 that selected consumers at Sefwi Asafo, a farming community in the Western North Region, had started using the country’s digital currency to purchase goods and services, including food.

Dr Addison said the users, mostly inhabitants, were the privileged few chosen to pilot the eCedi that the central bank had been betting big on to help expand financial inclusion and drive up digitalization.

Participation
The CEO of the GTC said the chamber was aware of the pilot process, with Vodafone being the telco among the participating institutions.

“We have had some engagements with the regulator on the entire thing, including the pilot.

“With any new technology, there are positives and negatives and that is what we are trying to understand more,” Dr Ashigbey said.

“I am trying to get my members to look into the whole concept and see what it holds for us. Vodafone too will share their experiences for us to see what to improve upon,” he said. He added that while the eCedi presented opportunities to the telcos, it also presented challenges, hence the need for a comprehensive study into how it could affect the telecom industry.

On the potential impact of the eCedi on MOMO, the CEO of the GTC said it was too early to say.

“That is why we want to study it and see. The eCedi can have an effect on MOMO operations but there are ways that it can be deployed for MOMO to benefit, especially in the areas of settlement,” Dr Ashigbey said.

Benefits
On his part, Mr Awuah of the GAB said banks saw the CBDC as beneficiary to their operations and were putting in place efforts to maximize the gains.

The CEO of the association said the digital cedi would complement the cedi notes, thereby impacting positively on currency management.

He said increased use of the eCedi could lead to a reduction in the currency management costs of the lenders as less banknotes would be processed and carted around.

“It will help drive the cash-lite society too. Again, people will have the tokens of the eCedi on their phones, not physical cash, where they can be subjects of attack.

“It will help with distribution of bulk cash. If you need funds in Tamale, you do not have to transport bulk cash there.

“You can just request the amount in the digital form and it will be sent,” he said.

These notwithstanding, Mr Awuah said banks were not sure of the full impact of the eCedi on their general operations.

Consequently, he said, “We are still assessing its impact, including on MOMO and the likes.”

eCedi replaces MOMO?
When asked if the eCedi could impact negatively on MOMO, Mr Awuah said, “I will not say it is going to complement MOMO. The cash-in and cash-out may be affected because this is fiat cash and you cannot withdraw.

“It will not replace MOMO. I do not see eCedi reversing or cannabalizing MOMO but that is why the assessment is being done to study the impact.

“We are commissioning a report on it. We are just trying to understand the ecosystem to see how it will affect our operations,” the CEO of the GAB said.

Source: Maxwell Akalaare Adombila(Graphic Business News)

Leading global ICT company, Huawei has been acknowledged for playing a key role in expanding mobile network connectivity to some unserved and underserved rural communities in Ghana to drive digitalisation.

Huawei is the technical partner on the Rural Telephony Project which seeks to bring connectivity to over four million Ghanaians in underserved and unserved communities in Ghana.

This is through the use of the innovative RuralStar Solution jointly developed by Huawei and the Ghana Investment Fund for Electronic Communications (GIFEC) under the auspices of the Ministry of Communications and Digitalisation.

Three communities in the Ahafo Region became the recent beneficiaries of the project when a team led by the Communications Ministry commissioned the new RuralStar sites for the people of Apenamedi Dantano and Anwiem communities in the Region to give them access to the mobile networks.

In her remarks to the Chiefs and people of Dantano and Anwiem all in the Asunafo South District, the Communications and Digitalisation Minister, Ursula Owusu-Ekuful highlighted the benefits of network connectivity, hence the need to increase and improve infrastructure in that regard.

“The project is very critical to our digital inclusion project and we cannot wait for the telecom companies to do it alone because it may not be fast as we expected.”

She also called on the communities to take full advantage of their newly found connectivity to change their lives.

“The benefits of connectivity to your community goes beyond students using it to advance their knowledge, take advantage of services like Mobile Money, eCommerce, and explore new business opportunities and boost your existing businesses,” she added.

The Minister also acknowledged Huawei for the company’s role in jointly developing the RuralStar Solution which saves up to 60% on the cost of traditional cell sites to enable the government together with partners deploy sites to more rural communities to bridge the connectivity gap.

The Ahafo Regional Minister also called on the community to embrace digitalisation and leverage the availability of mobile connectivity to improve their livelihoods. He also commended Huawei and its partners for their contributions to the project.

As part of the Rural Sites commissioning marathon in the Ahafo Region, the Deputy Minister of Communications and Digitalisation, Ama Pomaa Boateng, inspected the newly completed Rural Telephony project site at Apenamedi in the Asutifi South District Region.

During the visit, the Deputy Minister reiterated the Government’s commitment to ensuring connectivity reaches everyone to facilitate the digital transformation process of government which Her ministry is spearheading.

She also complimented Huawei and the partners of the project for the good job done and entreated them to keep it up to ensure the goal of the project is achieved.

The Public Relations Manager for Huawei Ghana, David Appiah, reiterated Huawei’s commitment to the development of ICT infrastructure in Ghana.

“As a company, Huawei is committed to the development of ICT in Ghana, we shall continue to leverage our global expertise to complement the country’s digitalisation efforts.

“As an organisation, we have a vision of bringing connectivity to every community and our contributions to the RuralStar solution for the Rural Telephony Project is a testament to this,” he added

In Ghana, Huawei continues to complement digitalisation processes with a continuous focus on bridging the digital divide by connecting people and enabling information access across economic, social and geographic boundaries ensuring that more and more people enjoy conveniences brought by communications.

Source: MyJoyOnline

The Asantehene, Otumfuo Osei Tutu II, has praised Vodafone Ghana for its enormous support for sustainable development in the Ashanti Region.

According to him, apart from Vodafone’s support for the prestigious Asantehene Open Golf Championship, it has introduced interventions that benefit everyone, especially women and children, for which he commended the company.

Otumfuo Osei Tutu II said this when the senior management team of Vodafone Ghana paid a courtesy call on him at the Manhyia Palace last Friday.

The purpose of the visit was to announce plans to extend the sponsorship of the Asantehene Open Golf Tournament, which Vodafone has sponsored for 5 consecutive years since 2017.

Otumfuo commends Vodafone for leading sustainable development in Ashanti Region
Chief Executive Officer of Vodafone Ghana, Patricia Obo-Nai, who led the delegation, said her outfit is excited to be sponsoring the Asantehene Open Golf Championship for another year.

She noted that the support of the sport was not only to strengthen Vodafone’s relationship with His Majesty Otumfuo Osei Tutu II and the people of Asanteman but to promote sustainable development in the region through impactful initiatives.

“This year, we have named the month ‘Boa Asanteman’ as we seek to address the key sustainable development needs of the region. Together with His Royal Majesty Otumfuo Osei Tutu II’s Foundation, we will address several issues. These include promoting healthy lives and wellbeing through our Healthfest initiative; reducing maternal mortality with our free ultrasound screening; driving free and inclusive education for everyone through our Instant Schools activations; empowering SMEs with digital skill training as part of our SME Clinics; and ensuring the environmental sustainability of the region with a tree planting exercise,” she said.

“We wish to inform His Royal Majesty that our 2022 Ashanti-month campaign begins today with this official visit,” she declared.

Otumfuo Osei Tutu II thanked Vodafone for leading sustainable development in the Ashanti region and also for promoting health and education in the region. He urged the organization to continue its good work.

The Asantehene also used the opportunity to charge the Royal Golf Club in Kumasi to ensure that Vodafone gets the needed visibility as the headline sponsor of the Championship. Meanwhile, Otumfuo has encouraged the golfers and the wider community to patronize Vodafone’s products and services.

Source: MyJoyOnline