Government has made known it’s plans to track mobile money transactions in the country.
This it says is to ensure that mobile money transactions are secure from the activities of criminals.
According to the Minister of Communication, Ursula Owusu-Ekuful, government also intends to monitor the billing systems of the telecom operators in a bid to sanitize the communications sector.
Speaking on Eyewitness News on Wednesday, the Minister said the National Communications Authority [NCA], has met with the telcos to come up with measures which will ensure that the space is sanitized.
She mentioned that these actions were necessary to ensure that consumers are not shortchanged by the telcos.
As well as to ensure that mobile money transactions across the country, which involves the transfer of thousands of cedis daily, are secure.
“The NCA has met with the Chief Technology Officers and the finance officers of the Telcos to discuss this very issue and they’ve come up with a set of conditions. The NCA is also going to monitor the billing systems of these telcos,” she said.
She also mentioned that, government will be implementing a system to monitor the mobile money transactions as well as revenue assurance and security.
“We don’t want mobile money to be used to commit crime and we don’t want it to be used to finance terrorism or criminal activity. We need to monitor the trends and see how, who, and what it’s being used for,” she added.
This is as a result of the rise in the number of mobile money fraud incidents in the country.
However, according to the Minister, it is important that the telcos cooperate with the NCA to ensure that the transactions made by their customers remain secure.