The digitization system of transactions is really escalating due to the education people have gotten from mobile money. Gone are the days when the patronage was not as higher as today. There is no doubt about this that, the popularity of mobile money is as a result of the influence of the mobile money vendors. In every joint across Ghana, there is a mobile money agent and according statistics, there is over 300 thousand active mobile money agents as of December, 2020.
There is rampant killings and murder of mobile money operators which is very bad. They are making electronic transactions very easy but the rate at which they are being murdered or tortured and at the long run taking the money away is something that needs to be redressed. The precious lives of these people are taken away just like that. Just last Friday on the 9th of April, 2020, a 21 year old mobile money vendor was shot at Sekondi-Takoradi.
According to Bank of Ghana, the use of mobile money has increased massively as compared to 2019. In 2019, the total value of mobile money transactions was 32.9 billion Ghana Cedis but at the end of December 2020, it has shot up to 571 billion Ghana cedis. It has increased to 84% just within the space of one year. This shows the increasing rate of the use of mobile money and how it will be in the coming years ahead.
Now, the question is what are the bank of Ghana and the network operators doing in terms of security-wise to protect the lives of these vendors who generate money for them? The killings and injuries they suffer is becoming too much in the country and something must be done about it. Looking at revenue and the profit they accrue every year, something must actually be done to tighten up the security of the mobile money vendors to reduce such instances since they are the determinant of the success of the network operators interms of mobile money interoperability.
This piece is an opinion and expression of views, what do you think about that?
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