Transactions

Ghana’s digital payments realm is a fascinating mosaic of resilience and evolution, continually adapting to the ever-changing landscape of financial technology. Despite the intermittent shuffle of regulations, this sector remains unyielding in its growth trajectory. A recent surge in the numbers paints a vivid picture of this steadfast expansion. Picture yourself in January 2025. A new year, fresh beginnings, yet the drive of the digital world roars on. Mobile money transactions scaled an impressive GH₵333…

In a significant pivot, Dangote Refinery has announced a temporary halt to the sale of petroleum products in Naira. This decision appears to be a strategic move to sidestep the complexities arising from a disparity between revenues generated in Naira and the obligations tied to dollar-denominated purchases of crude oil, as reported by Premium Times. Without a doubt, this shift means that oil marketers will now be compelled to transact in dollars for crucial commodities, such as petrol and diesel. The implications are…

In the rugged yet dynamic cityscape of Hargeisa, a new chapter in taxation has recently unfolded. The North Western State of Somalia government, keen on broadening its financial horizons, has introduced a sales tax policy that intriguingly touches the pulse of everyday life: mobile money transactions. Once constrained to a select few businesses, this 5% sales tax now meticulously extends its reach over mobile phone airtime, internet data packages, and internet services for homes and offices. Such a decision is not…