Central Bank Governor likely to answer questions on mobile money transfer operation in Parliament

The MP for Effutu Alexander Afenyo-Markin has called on the Leadership of Parliament to consider inviting the Governor of the Bank of Ghana to the House to answer questions on the recent development in the Telecom sector where the Telcos’ are engaging in banking services termed Mobile Money Transfer and other transitions.

The MP made the called when commenting on the Business Statement of the House for next week presented by the Deputy Majority Leader Alfred Agbesi.

Mr. Afenyo-Markin wondered whether there is any law backing the Mobile Money transfer business.

He said steps must be taken by the House to empower the relevant institutions to properly regulate the money transfer service to prevent what is happening at the Savings and Loans and Microfinance sector from happening in the Telecom sector.

The Minister for Employment and Labour Relations and MP for Tamale South Haruna Iddrisu urged his colleague, MP Afenyo-Markin to tread cautiously as his Party the NPP is using the Mobile Money Transfer service to raise funds for its 2016 election campaign.


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