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Jun
Telcos Lose 300,000 Mobile Money Subscribers In April The telecommunication companies (Telcos) registered an over-300,000 loss of mobile money subscribers in the month of April prior to implementation of the Electronic Transactions Levy (E-levy), Bank of Ghana data have shown. According to the Summary of Economic and Financial data (May 2022), just ahead of implementing the E-levy in May, active mobile money subscribers saw a decline in April to 18.6 million from the 18.9 million recorded the previous month. Furthermore, the mobile money industry lost 4,000 active agents, as their number declined to 454,000 in April from the previous month’s…