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Dr Bawumia launches platform to check Mobile Money fraud

The Vice-President, Dr Mahamudu Bawumia, has launched a platform that will harmonize individual fraud control mechanisms of mobile money operators in the country.

The system, according to Dr Bawumia would help in blocking subscriber identification module (SIM) cards and mobile devices, as well as blacklist identification numbers that are connected to fraud or general crime-related cases.

The launch was done in a webinar to mark the second edition of the Mobile Technology for Development conference in Accra last Tuesday under the theme: “The rise of Africa: Promoting Africa’s sustainable digital ecosystem”. It was organised by the Ghana Chamber of Telecommunications and the Financial Inclusion Forum for Africa.

The system is known as the fraud control dashboard. It was introduced by the industry, in partnership with the Bank of Ghana and the Ghana Police Service to strengthen the resolve of the country in tackling fraud on all networks.

Dr Bawumia said one of the major challenges confronting the financial sector was the proliferation of fraudulent activities, which he said was of concern to the government, service providers and consumers.

He, however, expressed confidence in the ingenuity and determination of the people to find solutions to complex problems in the country to ensure universal access to financial services, health care, food, security and education for all.

On digitisation, the Vice-President said the continent was awake to the possibilities and opportunities available in the Fourth Industrial Revolution, and that Africa would not be left behind this time around.

He said the government recognised the significant role digitisation played in the socio-economic development of a country, saying it was for that reason it was collaborating with the private sector to drive the economy through the use of a digital ecosystem.

The Vice-President mentioned the integration of the database of the Ghana Revenue Authority (GRA), the Social Security and National Insurance Trust (SSNIT), the National Health Insurance Scheme (NHIS) and the National Identification Authority (NIA) as one of the initiatives by the government to ensure transparency and efficiency in their operations.

He further said it would help in checking criminal records of individuals, including the elimination of ghost names from the system.

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