Mobile money interoperability created over 900,000 jobs in Ghana - Bawumia

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ABDULRAZAK MANKIND 1 month ago

Ok now I get it. Now I know the job you guys are talking about. WTH!

Ok now I get it. Now I know the job you guys are talking about. WTH!
Yaw 1 month ago

Is Bawumia normal? I doubt. So we should make this fool president because of interoperability? What an insult. Does this gyimie gyimie Walewale nincompoop think we are primitive stone age peasants? What an idiot. See his ...
read full comment

Is Bawumia normal? I doubt. So we should make this fool president because of interoperability? What an insult. Does this gyimie gyimie Walewale nincompoop think we are primitive stone age peasants? What an idiot. See his stomach
Benji 1 month ago

He thinks everybody has NPP level of intelligence(low IQ). You tell them "ebini" is chocolate cake and they'll eat it.

He thinks everybody has NPP level of intelligence(low IQ). You tell them "ebini" is chocolate cake and they'll eat it.
Simeon London 1 month ago

@Yaw

Provide and alternative figures then. There are Momo operators in every corner of The country. There's is growth in e-commerce across the country. Go into the social media and see the number of people selling online a ...
read full comment

@Yaw

Provide and alternative figures then. There are Momo operators in every corner of The country. There's is growth in e-commerce across the country. Go into the social media and see the number of people selling online as a result of ease of payment with Momo.

We take these things for granted Bro
Ali 1 month ago

Do you know what mobile money operability means? Its single the ability to transfer money between different operators eg mtn momo to telecel or from account to bank and vice versa. Mobile money business was long in operation ...
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Do you know what mobile money operability means? Its single the ability to transfer money between different operators eg mtn momo to telecel or from account to bank and vice versa. Mobile money business was long in operation before Akuffo Addo became president. How did transferring money between Mtn momo to say telecel momo creates job? Nobody opens a momo business because it's possible to transfer money from mtn to telecel or bank account
Adae 1 month ago

Bawumia is still going about lying. This man never learns.

Bawumia is still going about lying. This man never learns.
Be Truthful 1 month ago

Dr bawumia is still lying in opposition.The first MOMO interoperability system contract was already given to a company called SIBTON in 2016.When NPP took power, they cancel it under false pretense & awarded a new contract to ...
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Dr bawumia is still lying in opposition.The first MOMO interoperability system contract was already given to a company called SIBTON in 2016.When NPP took power, they cancel it under false pretense & awarded a new contract to they're crony company.
K Poku-London-UK 1 month ago

Who took Ghana to the IMF in 2022? It was Dr Messiah Bawumia and Ken Ofori Atta- cum Akuffo Addo- The NPP Economic Messiah-Dr Bawumia. Ghana has been to the IMF 18 times- Ghana has spend 40 years under the IMF conditions out ...
read full comment

Who took Ghana to the IMF in 2022? It was Dr Messiah Bawumia and Ken Ofori Atta- cum Akuffo Addo- The NPP Economic Messiah-Dr Bawumia. Ghana has been to the IMF 18 times- Ghana has spend 40 years under the IMF conditions out of its 68 years history-Ghana IS A FAILED STATE.
The World Bank has pushed back against the erstwhile Akufo-Addo administration’s long-held narrative that Ghana’s 2022 economic collapse was the result of global turmoil, the COVID-19 pandemic and the Russia-Ukraine war.
Bawumia was the Chairman of the Ghana National Economic Management Committee but he says that he was the Drivers Mate. How can a driver's mate do this when he claims he never had the chance to implement anything in government because the powers that be did not allow him. Yet he wants to claim credit for any good things that he never did yet will refuse to accept responsibility for any failure in their government. How stupid does this man think we are? You took the cedi from 4 to 17 and still had the audacity to tell us the rate of depreciation at that time was better than the previous NDC administration. What at all does this man take us for? Does he think we're stupid or what? Someone should tell this man that we haven't forgotten about the DDEP haircuts and surely we shall punish the npp again come 2028.

It insisted that the economic meltdown was “homegrown”.

In its latest 2025 Policy Notes on Ghana, the Bank made clear that while the COVID-19 pandemic and Russia’s invasion of Ukraine worsened the situation, they were not the root cause.

“The deterioration of global conditions… was not the cause of the 2022 macroeconomic crisis; rather, it merely exposed an economy already beset with deep structural vulnerabilities and precarious macroeconomic conditions,” the report said.

The government has frequently blamed external shocks for the collapse, which saw inflation spiral, the cedi plummet, and the country default on its debt.

But the World Bank said years of weak governance, fiscal indiscipline, and stalled reforms were the real culprits of Ghana's "dark days".

Interbank Market: Cedi trades at GH¢12.35 to $1

The bank also argued that the easy access to international credit and expectations of resource windfalls encouraged short-term political decisions at the expense of long-term stability.

The report noted that the cycle of expansionary spending followed by painful corrections, one that has forced Ghana into 17 IMF programs over the past 68 years, is damaging.

“Sudden macroeconomic stops and crises have led the country to request a record number of IMF programs, remaining under active IMF support for 40 out of its 68 years of history,” the Bank said.

The report also noted that more than 800,000 people were pushed into poverty in the aftermath of the 2022 crisis, with per capita incomes stuck at around US$2,200 for over a decade.

Today, more than a quarter of Ghanaians live below the poverty line, it noted.

Looking ahead, the Bank also raised alarms about Ghana’s fiscal management in the 2024 election year.

It flagged unbudgeted spending commitments of roughly US$4.8 billion, equivalent to 5.7% of GDP, much of it accumulated outside official financial systems.

“Spending indiscipline poses a critical challenge…undermining efforts to maintain fiscal discipline and compromising long-term sustainability,” the report cautioned.

Also, the energy sector arrears still cost around 2% of GDP annually, while COCOBOD’s debts reached US$1.8 billion in 2024, with interventions distorting markets and hurting farmers.

The bank warned that Ghana now stands at a critical crossroads, and temporary fixes will not be enough.

“There is an urgent need to signal a clear break from the past and a commitment to change… Success will ultimately be measured by the ability of the government to regain the trust of its citizens.”

Its recommendations are focused on restoring fiscal discipline, broadening the tax base, reforming state-owned enterprises, and enhancing governance.

Without decisive reforms, the World Bank cautions, Ghana risks remaining trapped in its cycle of crisis and bailouts for decades to come.

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=======================================================
Joker 1 month ago

The one who introduced MoMo didn't do well and create jobs, but the one who made it interoperable is the most intelligent and a genius. How many of these transactions are carried across networks. Joker!!!

The one who introduced MoMo didn't do well and create jobs, but the one who made it interoperable is the most intelligent and a genius. How many of these transactions are carried across networks. Joker!!!
Simeon London 1 month ago

Unless you don't understand the what interoperability is. It is massive Bro. Infact there are more financial transactions as a result of interoperability than our traditional banking practices

We take these things for gr ...
read full comment

Unless you don't understand the what interoperability is. It is massive Bro. Infact there are more financial transactions as a result of interoperability than our traditional banking practices

We take these things for granted
Kim 1 month ago

So who then bring mobile money

So who then bring mobile money
Kapongerman 1 month ago

Does this man really has advisors? Nomfa issues nkoaaaa aaarh. Am very disappointed in him. Which payroll did he put them onn?

Does this man really has advisors? Nomfa issues nkoaaaa aaarh. Am very disappointed in him. Which payroll did he put them onn?
kwame 1 month ago

a contract was awarded for a project. you came to power and cancelled it. you reward it and is an achievement. eii Bawumia.

a contract was awarded for a project. you came to power and cancelled it. you reward it and is an achievement. eii Bawumia.
Araba 1 month ago

Eiiii

Eiiii
Dave 1 month ago

So nobody go tell this guy sey he dey fool, every time he opens his mouth, there are arrows of lies and deception every where

So nobody go tell this guy sey he dey fool, every time he opens his mouth, there are arrows of lies and deception every where
Pee 1 month ago

Masa it looks like you are still not serious.

Masa it looks like you are still not serious.
BRIGHT 1 month ago

no wonder that is why you took the dollar from 4 cedis to 17 cedis and your wife says the rate of depreciation under npp is better than NDC. YOU PEOPLE HAVE ISSUES WITH FIGURES. WHERE ARE THOSE PEOLE WORKING. IT IS GOOD YOU A ...
read full comment

no wonder that is why you took the dollar from 4 cedis to 17 cedis and your wife says the rate of depreciation under npp is better than NDC. YOU PEOPLE HAVE ISSUES WITH FIGURES. WHERE ARE THOSE PEOLE WORKING. IT IS GOOD YOU AND YOUR PARTY WERE KICKED OUT IN 2024 ELECTIONS
Star Nation 1 month ago

900.000 jobs? where are the jobs they? Bawumia thinks, we are doom? I wonder, that he did not say ten million. The money exchanged hands and became business. "If the fundamentals are weak the exchange rate will expose you"

900.000 jobs? where are the jobs they? Bawumia thinks, we are doom? I wonder, that he did not say ten million. The money exchanged hands and became business. "If the fundamentals are weak the exchange rate will expose you"
K Poku-London-UK 1 month ago

Who took Ghana to the IMF in 2022? It was Dr Messiah Bawumia and Ken Ofori Atta- cum Akuffo Addo- The NPP Economic Messiah-Dr Bawumia. Ghana has been to the IMF 18 times- Ghana has spend 40 years under the IMF conditions out ...
read full comment

Who took Ghana to the IMF in 2022? It was Dr Messiah Bawumia and Ken Ofori Atta- cum Akuffo Addo- The NPP Economic Messiah-Dr Bawumia. Ghana has been to the IMF 18 times- Ghana has spend 40 years under the IMF conditions out of its 68 years history-Ghana IS A FAILED STATE.
The World Bank has pushed back against the erstwhile Akufo-Addo administration’s long-held narrative that Ghana’s 2022 economic collapse was the result of global turmoil, the COVID-19 pandemic and the Russia-Ukraine war.
Bawumia was the Chairman of the Ghana National Economic Management Committee but he says that he was the Drivers Mate. How can a driver's mate do this when he claims he never had the chance to implement anything in government because the powers that be did not allow him. Yet he wants to claim credit for any good things that he never did yet will refuse to accept responsibility for any failure in their government. How stupid does this man think we are? You took the cedi from 4 to 17 and still had the audacity to tell us the rate of depreciation at that time was better than the previous NDC administration. What at all does this man take us for? Does he think we're stupid or what? Someone should tell this man that we haven't forgotten about the DDEP haircuts and surely we shall punish the npp again come 2028.

It insisted that the economic meltdown was “homegrown”.

In its latest 2025 Policy Notes on Ghana, the Bank made clear that while the COVID-19 pandemic and Russia’s invasion of Ukraine worsened the situation, they were not the root cause.

“The deterioration of global conditions… was not the cause of the 2022 macroeconomic crisis; rather, it merely exposed an economy already beset with deep structural vulnerabilities and precarious macroeconomic conditions,” the report said.

The government has frequently blamed external shocks for the collapse, which saw inflation spiral, the cedi plummet, and the country default on its debt.

But the World Bank said years of weak governance, fiscal indiscipline, and stalled reforms were the real culprits of Ghana's "dark days".

Interbank Market: Cedi trades at GH¢12.35 to $1

The bank also argued that the easy access to international credit and expectations of resource windfalls encouraged short-term political decisions at the expense of long-term stability.

The report noted that the cycle of expansionary spending followed by painful corrections, one that has forced Ghana into 17 IMF programs over the past 68 years, is damaging.

“Sudden macroeconomic stops and crises have led the country to request a record number of IMF programs, remaining under active IMF support for 40 out of its 68 years of history,” the Bank said.

The report also noted that more than 800,000 people were pushed into poverty in the aftermath of the 2022 crisis, with per capita incomes stuck at around US$2,200 for over a decade.

Today, more than a quarter of Ghanaians live below the poverty line, it noted.

Looking ahead, the Bank also raised alarms about Ghana’s fiscal management in the 2024 election year.

It flagged unbudgeted spending commitments of roughly US$4.8 billion, equivalent to 5.7% of GDP, much of it accumulated outside official financial systems.

“Spending indiscipline poses a critical challenge…undermining efforts to maintain fiscal discipline and compromising long-term sustainability,” the report cautioned.

Also, the energy sector arrears still cost around 2% of GDP annually, while COCOBOD’s debts reached US$1.8 billion in 2024, with interventions distorting markets and hurting farmers.

The bank warned that Ghana now stands at a critical crossroads, and temporary fixes will not be enough.

“There is an urgent need to signal a clear break from the past and a commitment to change… Success will ultimately be measured by the ability of the government to regain the trust of its citizens.”

Its recommendations are focused on restoring fiscal discipline, broadening the tax base, reforming state-owned enterprises, and enhancing governance.

Without decisive reforms, the World Bank cautions, Ghana risks remaining trapped in its cycle of crisis and bailouts for decades to come.

=-=====------
=========================================================
VC 1 month ago

Was it sustainable????

Was it sustainable????
TT 1 month ago

Imagine that Bawumia is president of Ghana and his vice is Napo. Just imagine

Imagine that Bawumia is president of Ghana and his vice is Napo. Just imagine
THERE HE GOES AGAIN!! 1 month ago

Throwing unverified and unverifiable numbers around like Kelewele and roasted groundnuts!!!

Throwing unverified and unverifiable numbers around like Kelewele and roasted groundnuts!!!
FOYOOSIS 1 month ago

Is a Bawuliar born a pathological liar? If so, he needs therapy as soon as possible ti change his ways before any serious Ghanaian listen to what he says.

How can you be in opposition and still be telling lies to the same ...
read full comment

Is a Bawuliar born a pathological liar? If so, he needs therapy as soon as possible ti change his ways before any serious Ghanaian listen to what he says.

How can you be in opposition and still be telling lies to the same people you failed? Ghanaians will only unleash problems on themselves if they should listen to this clown and ever consider him to ascend any high position in the country again.

I wonder why Bawuliar thinks he's anything Ghanaians, if not NPP thieves want as president. The man is a joke!
LIAR; Total MoMo Agents in Ghana was 433,261 in Aug-25 1 month ago

So who are the advisors of Bawumia at all? He's still lying in opposition. The total number of Active MoMo Agents in Ghana as of August 2025 was 433,261 by the BOG records. So how can interoperability alone create 900,000 job ...
read full comment

So who are the advisors of Bawumia at all? He's still lying in opposition. The total number of Active MoMo Agents in Ghana as of August 2025 was 433,261 by the BOG records. So how can interoperability alone create 900,000 jobs. This guy is USELESS.
Buluu 1 month ago

The only time l go listen to this man is when he brings Ken Ofori Attah his finance minister to render account of his stewardship.

The only time l go listen to this man is when he brings Ken Ofori Attah his finance minister to render account of his stewardship.
Chief 1 month ago

This is a big insult to the youth. Is it the mobile money we know? Sad

This is a big insult to the youth. Is it the mobile money we know? Sad
Truth 1 month ago

Hahaha...smh! Wei!

Hahaha...smh! Wei!
Buidam 1 month ago

What was his role in that? Does he own the telecom companies? Does he have a back-room staff?

What was his role in that? Does he own the telecom companies? Does he have a back-room staff?
Ebi 1 month ago

My dear don't waste your time because some of us start withdrawing money directly from our account to mobile money since 2014

My dear don't waste your time because some of us start withdrawing money directly from our account to mobile money since 2014
Redman 1 month ago

So, Dr. Bawumia is going to use 3years to campaign. What is he going to be talking about.
Lectures then those stuff, we go tire ooo. and he may be a nuisance if not manage properly ooo...yo

So, Dr. Bawumia is going to use 3years to campaign. What is he going to be talking about.
Lectures then those stuff, we go tire ooo. and he may be a nuisance if not manage properly ooo...yo
Useless 1 month ago

Lies! What do you know about interoperability? Mtcheew

Lies! What do you know about interoperability? Mtcheew
Abdul 1 month ago

Interperability means sending money to another network, so how does that only create over 900,000 jobs, it's impossible Mr Bawumia with all due respect, the Telecoms may employ not more than 1000 to operate the systems.

Interperability means sending money to another network, so how does that only create over 900,000 jobs, it's impossible Mr Bawumia with all due respect, the Telecoms may employ not more than 1000 to operate the systems.
Light Up 1 month ago

What a lie, just throwing out figures left right Centre all because nobody has time check you.

What a lie, just throwing out figures left right Centre all because nobody has time check you.
Kwei Laryea 1 month ago

Mobile.money operators use MTN Merchant SIM for MTN transfers and same for Telecel and AT for their respective transfers.
How on earth did interoperability generate new jobs upto 900000 new jobs.
Even report quotes 433000 a ...
read full comment

Mobile.money operators use MTN Merchant SIM for MTN transfers and same for Telecel and AT for their respective transfers.
How on earth did interoperability generate new jobs upto 900000 new jobs.
Even report quotes 433000 active operators.Sp where from the over 900 000?
Ebi 1 month ago

Where was bawumia when the sika naaba advertising was being runs in our various telephone station by mtn around 209? Hmm with little respect I have for him bawumia, I don't want to talk

Where was bawumia when the sika naaba advertising was being runs in our various telephone station by mtn around 209? Hmm with little respect I have for him bawumia, I don't want to talk
Christopher Ang-Nieten Dassah 1 month ago

So, when your momo interoperability was not introduced were there mobile money venders?

So, when your momo interoperability was not introduced were there mobile money venders?

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Mobile money interoperability created over 900,000 jobs in Ghana - Bawumia

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