Daily Accra
Notification
  • News
  • Things To Do
  • Food & Drinks
  • Arts & Culture
  • Celebrity
  • Movies
  • Music
  • Opinion
Reading: The Life We Never Had But Take For Granted
Share
Subscribe
Daily Accra
Notification
  • News
  • Things To Do
  • Food & Drinks
  • Arts & Culture
  • Celebrity
  • Movies
  • Music
  • Opinion
Search
  • News
  • Things To Do
  • Food & Drinks
  • Arts & Culture
  • Celebrity
  • Movies
  • Music
  • Opinion
Have an existing account? Sign In
Follow US
  • About
  • Contact
©2024 Laddile Technologies. All Rights Reserved.
Daily Accra > Blog > News > Prosperity > The Life We Never Had But Take For Granted
Prosperity

The Life We Never Had But Take For Granted

The Evolution of Communication and Financial Transactions in Ghana: From IDD to Mobile Money Interoperability

Kwadwo Nsafoah Poku
Last updated: June 10, 2024 12:54 pm
By Kwadwo Nsafoah Poku - Chairman, DMB Energy and Petroleum Manifesto Committee 823 Views
Share
4 Min Read

As humans, our biggest trait is adaptation. Our ability to adapt to changes in our lives. New generations will then see the current situation as the norm, but older generations will know what it was before.

My mother once told me a story of how she had come from Kumasi to Accra to call her sister in London. The Ghana Telecom lines were not working and because of the urgency of the call, she continued to Lagos to call London. This story to most people reading sounds like a tall tale (false story), but it’s the absolute truth. Today, most people do not remember the days of IDD (International Direct Dialing). To use your home phone to call outside Ghana was a privilege for the rich in society. For the rest of the poor and middle class, you had to go to the call center with IDD to call outside Ghana. This situation was only 24 years ago. Today, because of prepaid calling credit, calling outside Ghana is normal for everyone.

Not long ago, when Mobile money was introduced, there were MTN MoMo, Vodafone Cash and AirtelTigo Wallet. You were only allowed to transfer money within the same network, MTN MoMo to MTN MoMo, Vodafone Cash to Vodafone Cash. So most people had two phones for two momo accounts or three for 3 wallets if your business receives momo. You did not want a customer who has MTN MoMo to go away because you only receive Vodafone Cash. Secondly, if you had plenty of money in your wallet, you had to cash out, travel to the bank and deposit the money. If someone sends you a transfer from abroad (e.g., Western Union), you had to go to the bank, fill out a form and queue for your money.

We have on numerous occasions, heard Dr. Bawumia talk about the Mobile Money Interoperability payment system. In May 2018, Dr. Bawumia launched this interoperability payment system to fundamentally change our lifestyle and how we do business in Ghana.

- Advertisement -

Since Mobile Money Interoperability was implemented, you can now send money across networks, MTN MoMo to Vodafone Cash and vice versa. As a business, you only need one phone with a money wallet to receive payments from all networks. When there is too much money in your wallet, the interoperability has made it possible to transfer money to your bank account. There is no need to cash out and travel to the bank. When you don’t have money on your momo wallet, you can transfer from your bank account to your wallet even when the bank is closed. You can now receive your Western Union or any foreign transfer directly into your MoMo wallet.

Now, take a minute to think about how difficult and cumbersome our lifestyle was before Mobile Money Interoperability. 2018 is only 6 years ago. All the difficulties and hassle in our daily lives are gone because of a visionary leader, Dr. Bawumia.

Politics aside, when we talk about leaders who have impacted our lives with innovative thinking since independence, I am sure you will add Dr. Bawumia for Mobile Money Interoperability.

This is the leader who wants to be your president and bring more innovative ideas to lead Ghana into the 4th Industrial Revolution.

This, which you take for granted today, was not possible 8 years ago.

- Advertisement -

It is Possible.

You Might Also Like

Kwadwo Sheldon Blasts Sam George and Bongo Ideas Over High Data Prices

Manasseh may be doing the Jospong Group a Favour. Here’s why.

Rethinking How the Church and the Rich Treat Gifts and Labour

Ga men don’t work?

President Mahama Calls for Stakeholder Consultation on Anti-LGBTQ Bill

Share This Article
Facebook Twitter Flipboard Whatsapp Whatsapp Copy Link
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0

Top Stories

Cardinal Robert Francis Prevost Elected Pope Leo XIV
Pastor John Winfred to Launch Three Transformative Books on Ministry and Church Growth
Kwadwo Sheldon Blasts Sam George and Bongo Ideas Over High Data Prices

You Might Also Like

Governance

Afenyo Markins writes to Mahama: “Please stop!”

Felicia Afunyabea Felicia Afunyabea February 19, 2025
Transportation

DVLA Launches 2025 DV Plate with Enhanced Security Features

Seth Abanfo Essiam Seth Abanfo Essiam February 3, 2025
Parliament

NPP Condemns Speaker’s Decision to Suspend Minority MPs, Declares Full Support

Felicia Afunyabea Felicia Afunyabea February 3, 2025
Daily Accra

About

  • About Us
  • Advertise With Us
  • Editorial Complaints
  • Your Ad Choices
  • Contact Us

Loud in Accra

  • Lifestyle
  • Jazz
  • Job Board
  • Reviews
  • Tourism
  • Travel
  • Tech
  • Sports

Legal

  • Privacy Policy
  • Terms and Conditions

© 2024 Laddile Technologies. All rights reserved.

adbanner
AdBlock Detected
Our site is an advertising supported site. Please whitelist to support our site.
Okay, I'll Whitelist
Welcome Back!

Sign in to your account

Lost your password?