The Vice President of Ghana Dr Mahamudu Bawumia stated at the 5th Ghana CEO Summit, which took place in Accra, that By the middle of this year, Ghanaians holding SIM cards will have to re-register them using their National Identification cards.
This, he claims, is part of a campaign to rid the country of fraud and scams.
He also said that anyone who does not participate in the exercise risks losing their SIM card.
Ghana had over 11 million active mobile money accounts as of 2017.
However, mobile money fraud has become more common in recent years. According to the Ghana Police Service's cybercrime unit, there were over 300 reported occurrences of cybercrime in 2019.
Mobile money is a technology that facilitates financial transactions without the use of a bank account over mobile phones.
When cases of fraud are reported,
Only the phone number of the individual who cashed the money can be given by the network providers.
Because the SIM cards used in these activities have bogus details, most investigations fail to catch suspects.
It will be simple to track down scammers once every SIM is linked to a real person.
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