Governor Godwin Emefiele has on Tuesday revealed that MTN has paid $53 million to settle a money transfer dispute with Nigeria’s central bank and the matter has been withdrawn from court.

The central bank had ordered MTN and its lenders to bring back a total of $8.1 billion it alleged the company had illegally repatriated using improperly issued paperwork between 2007 and 2008.Emefiele said the money paid by MTN was a notional sum and that the company has been absolved from any wrongdoing, he said during a monetary policy meeting at which the bank left interest rates on hold at 14 percent.

Source:ITNews Africa


[caption id="attachment_5115" align="alignnone" width="200"]Yolanda Cuba - CEO VF Yolanda Cuba - CEO VF[/caption]

Vodafone Ghana has affirmed its resolve to strengthening customer care for the sustainable growth of the company.

Ms Yolanda Cuba, the Chief Executive Officer (CEO) of Vodafone, said for that reason the company was working assiduously to roll out innovative products to address the needs of customers.

The company intends to introduce a ‘4G’ component to its line of services by the close of this year, and this was being pursued by the Management to bring their services to standard, she said.

Ms Cuba, who was inaugurating a new retail shop of the company at the Kumasi Shopping Mall, said Vodafone would continue to work to the satisfaction of the customer.  She was accompanied by Mr Puspinder Singh, Vodafone Ghana Director in-charge of Consumer Business.

The CEO indicated that the new retail outlet was to help expand its activities for the convenience of the customer. Mr Singh said the company had stepped up efforts to opening up more of such outlets to meet its growing customer base.

Source: GNA


MTN Music

The maiden edition of MTN Digital Music Conference has been held today January 17, 2019, in Accra.

It featured seasoned record labels and online music distribution platforms such as Universal Music Group, Content Connect Ghana and so on who ‘schooled’ artists and other stakeholders on how to make money from their music and stay relevant in the music industry.

At the event, artistes were duly advised to register their content with copyright societies such as GHAMRO in order to retrieve royalties and also prevent other platforms from unlawfully using their songs.

Speaking to this regard, Managing Director for Content Connect Ghana, Munya Chanetsa urged the general public to desist from downloading songs from unauthorised music sites.

He again recommended that artistes should try their best to collaborate with ‘giant’ industry players to enable their brand grow.

“Grow your fan base and find a way of working with major artistes so they can help you. The public should stop engaging in piracy. Stop downloading songs and stop feeding those sites”. He added

Senior manager for products and services for MTN, Mr Bless Agordjo also revealed that MTN has acquired an online music distribution platform known as CIMS which would enable their 200million subscribers have access to locally manufactured songs.

“We are here to help artistes so they can take advantage of our 200million subscribers. MTN has also acquired CIMS, an online distribution platform that would make music accessible and inexpensive to all”. He stated.

He went on further to note that a subscription model where mobile money can be used to purchase music would be provided so as to make songs accessible and affordable in the country.

MTN digital music conference brought together key stakeholders in the industry to discuss the state and future of Ghanaian music.

Source: MTN



Device vendors and operators are betting on 5G to unlock a new chapter in the smartphone growth story but new research from the GSMA suggests consumers will need to be convinced before upgrading. GSMA Intelligence’s annual consumer survey of 36,000 people across 34 key markets found that almost 90 percent of consumers in developed countries own a smartphone, with an average of 2.5 smartphones in every US household. More than half of consumers in developed countries (54 percent) said they expect 5G networks to deliver faster speeds, but it is not yet clear if they will pay a premium for the speed boost.

In addition, the survey revealed that only one in four consumers (25 percent) expect 5G to deliver ‘innovative new services’, and only 20 percent believe 5G will usher in a new era of devices.

Other findings include the fact that the average US and UK household now owns six connected devices – from TVs to consoles to emerging categories such as smart speakers – with 16 percent of US households owning a smart speaker, compared to 9 percent a year earlier.

However, adoption rates of VR headsets in developed markets stayed flat year-on-year at around 6 percent of households and have even dropped in some key markets such as the UK. AR applications in fashion, gaming and various enterprise sectors are more advanced at this stage, said the GSMA.

The industry body added that it will be using the data to publish two new GSMA Intelligence reports on ‘The Future of Devices’ and ‘5G’s Great Expectations’ at CES 2019.