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Author: Shepherd Yaw Morttey

  • After Agona Swedru MoMo Robbery: Safety Tips for Ghanaian Mobile Money Users

    After Agona Swedru MoMo Robbery: Safety Tips for Ghanaian Mobile Money Users

    Mobile money has become a part of daily life for millions of Ghanaians. It is fast, convenient, and helps many people who do not have access to traditional banking. But this convenience also comes with risks. In Agona Swedru, police are currently hunting suspects after a mobile money robbery. This incident is a reminder that criminals are paying attention to how we use MoMo. For anyone who uses mobile money regularly, knowing how to protect yourself is not optional.

    What Happened in Agona Swedru?

    Reports from Agona Swedru indicate that mobile money users were robbed. The police have launched a search for the suspects. While specific details about the robbery are still emerging, the event highlights a growing concern: mobile money agents and customers are being targeted by criminals who see MoMo transactions as an opportunity. In many cases, robbers watch agents or customers when they withdraw cash or make large transfers. They strike when the person is least expecting it.

    This is not an isolated case. Similar incidents have been reported in other parts of Ghana. The convenience of mobile money has unfortunately created new opportunities for crime. For the average Ghanaian, this means being extra careful when handling MoMo transactions, especially in public places.

    Practical Safety Tips for MoMo Users

    Staying safe with mobile money does not require giving up the service. It just means being more aware of your surroundings and taking a few precautions. Here are some steps that can help reduce your risk:

    • Avoid large cash withdrawals in busy or poorly lit areas. If you need to take out a significant amount, find a safe location such as inside a shop or near a police station. Preferably, go during the day.
    • Do not display large amounts of cash in public. After withdrawing, put the money away quickly. Count your cash discreetly, not on the street.
    • Use mobile money transfers instead of cash when possible. For payments to businesses or family, sending MoMo directly to their wallet reduces the need to carry physical cash.
    • Be careful when using an agent. Avoid sharing your PIN or letting anyone see you enter it. Always check that the agent is using an official MoMo terminal.
    • Stay alert to anyone watching you. If you notice someone hanging around an agent point for too long, consider waiting until they leave or using a different agent.
    • Keep your phone secure. Your mobile money wallet is tied to your SIM card. Use a SIM lock or app lock to prevent unauthorized access if your phone is stolen.

    These tips may seem basic, but many people skip them in the rush of daily life. Taking an extra minute to be careful can save you from losing hard-earned money.

    What About Agents? They Need Protection Too

    Mobile money agents are often the frontline of the service. They handle large amounts of cash daily, which makes them attractive targets. If you are an agent or know one, remind them to vary their routine, avoid keeping too much cash overnight, and consider installing security cameras or alarm systems. Community awareness also helps. Neighbors and customers can look out for suspicious activity around agent shops.

    Agents should also ensure they have insurance coverage for cash on the premises. Some mobile money operators offer such options. It is worth checking.

    The robbery in Agona Swedru is a sobering event. But it does not mean mobile money is unsafe. It means we must adapt our habits. As the service grows, so does the need for personal security awareness. The police are working to catch the suspects. In the meantime, every MoMo user has a role to play in staying safe. Share these tips with family and friends. A little caution goes a long way.

  • MTN Ghana acknowledges role of Ghanaians in company’s growth

    MTN Ghana acknowledges role of Ghanaians in company’s growth

    In a recent statement, MTN Ghana acknowledged the vital role that Ghanaians have played in the company’s achievements. Michael Gbewonyo, the Chief Internal Audit and Forensic Officer, highlighted that the company recognizes the unique contributions of its stakeholders, including customers, employees, and partners, to its success.

    Why this recognition matters

    For a telecom giant like MTN, operating in a competitive market, acknowledging local stakeholders builds trust and loyalty. Many Ghanaians have been loyal customers for years, and this message reinforces that their patronage is valued. It also signals that MTN sees itself as part of Ghana’s ecosystem, not just a foreign corporation. In a sector where customer retention is key, such recognition can encourage positive word-of-mouth and deepen community ties.

    Ghana’s telecom industry has seen rapid growth, with mobile money, data services, and digital solutions becoming integral to daily life. MTN’s acknowledgment of local contributions underscores the mutual dependency between service providers and users. When a company openly credits its stakeholders, it fosters a sense of ownership among Ghanaians, who often feel that large corporations overlook their role.

    What this means for MTN’s stakeholders

    For everyday users, this statement is a reminder that their voice matters. MTN’s recognition could translate into better customer service or initiatives that address local needs. Employees may also feel more motivated, knowing their work is appreciated at the highest level.

    • Customers: A stronger connection to the brand, potentially leading to increased loyalty.
    • Employees: A boost in morale and pride in their contributions.
    • Business partners: Reassurance that collaboration is valued.

    While specific initiatives were not mentioned, such public acknowledgments often precede community-focused programs or enhanced engagement strategies. Ghanaians should watch for tangible actions that follow these words.

    Looking ahead

    As MTN Ghana continues to expand its services, maintaining this appreciation will be crucial. The company’s success in Ghana depends on the continued support of its stakeholders. This recognition is a positive step, but the real test will be whether it leads to meaningful changes that benefit Ghanaians. For now, it serves as a reminder that even large corporations rely on the people they serve.

  • Digital Fraud in Ghana Jumps 48%: What Bank of Ghana’s New Rules Mean for Your Money

    Digital Fraud in Ghana Jumps 48%: What Bank of Ghana’s New Rules Mean for Your Money

    Digital fraud in Ghana has surged by 48% in 2025, according to the Bank of Ghana. The central bank has responded by tightening regulations on fintech companies. For ordinary Ghanaians who rely on mobile money and payment apps daily, this change signals both risks and protections.

    Why Digital Fraud Is Rising

    The exact reasons behind the 48% jump are not detailed in the warning, but the trend is clear: more people are using digital financial services, and fraudsters are following. Mobile money platforms, payment apps, and online banking have become everyday tools for millions of Ghanaians, from paying for goods to sending money to family. This convenience also creates opportunities for criminals who use phishing, SIM swapping, and other tactics to steal money.

    Bank of Ghana’s Response

    To address the rising threat, the Bank of Ghana is tightening fintech rules. While the specific measures have not been fully outlined, the central bank’s warning suggests stronger oversight of digital payment providers. This could mean stricter know-your-customer (KYC) requirements, increased transaction monitoring, and tougher penalties for non-compliance. For users, the immediate effect may be more identity checks when opening accounts or conducting large transactions.

    What This Means for Mobile Money and Payment Apps

    If you use mobile money services from MTN, Vodafone, or AirtelTigo, or payment apps like Zeepay or Hubtel, you may notice changes. Registration processes could become longer as providers verify your details more thoroughly. Transaction limits might be adjusted for new accounts. The idea is to make it harder for fraudsters to operate, but it also means more steps for legitimate users.

    For businesses that accept digital payments, stricter rules can reduce the risk of chargebacks and stolen funds. However, they may also need to update their systems to comply with new requirements. The Bank of Ghana is essentially trying to balance innovation with security, making the fintech ecosystem safer without slowing it down.

    How to Protect Yourself

    While regulators work on tightening rules, individuals can take simple steps to stay safe:

    • Never share your PIN, password, or one-time code with anyone, even if they claim to be from your bank or mobile money provider.
    • Beware of calls or messages asking for personal information. Scammers often impersonate customer service.
    • Keep your phone’s operating system and mobile money app updated to patch security holes.
    • Use strong, unique passwords for every financial app.
    • Report any suspicious activity to your service provider immediately.

    The 48% increase in fraud is a wake-up call for everyone using digital money. The Bank of Ghana’s tighter rules are a step in the right direction, but they work best when users also stay vigilant. As the rules roll out, pay attention to updates from your mobile money provider and adjust your habits accordingly. Digital payments are here to stay, but they require a new level of caution from both regulators and consumers.

  • MTN MoMo Users Can Now Invest Directly With IC Asset Managers

    MTN MoMo Users Can Now Invest Directly With IC Asset Managers

    Mobile money in Ghana is no longer just for sending money or paying bills. A new partnership between IC Asset Managers (Ghana) Ltd and MTN MoMo means that millions of mobile money users can now invest directly through the MoMo app, bypassing traditional bank accounts or brokerages.

    IC Asset Managers has launched IC Wealth on the MTN MoMo platform. The service gives MoMo customers access to the IC Liquidity Fund, a regulated investment product managed by IC Asset Managers. This move brings formal investment opportunities to everyday Ghanaians who may not have had easy access before.

    What IC Wealth Offers MoMo Users

    Through IC Wealth on the MoMo app, users can invest in the IC Liquidity Fund directly from their mobile money wallets. The fund is regulated by the Securities and Exchange Commission (SEC) in Ghana. This means the product falls under official oversight, giving investors a layer of protection.

    The IC Liquidity Fund is designed as a low-risk, short-term investment vehicle. It is suitable for individuals who want to earn returns on idle cash without locking it away for long periods. Users can likely invest small amounts, making it accessible for people who are new to investing.

    IC Asset Managers is one of Ghana’s established fund managers. By bringing their product onto the MoMo app, they are removing barriers that often keep people from investing. No need to visit a bank, fill out lengthy forms, or maintain a minimum balance that is too high for the average person.

    Why This Matters for Mobile Money Users

    Mobile money penetration in Ghana is deep. Millions of Ghanaians use MoMo daily for transactions, but many have never invested in a formal financial product. This partnership makes investing as easy as sending money.

    Traditionally, to invest in a mutual fund you would need a bank account, identity documents, and a trip to a fund manager’s office. IC Wealth on MoMo removes those steps. If you have a MoMo wallet, you can potentially start investing with whatever amount you have, as long as it meets the fund’s minimum (the source does not specify the minimum, but such funds typically allow small starting amounts).

    This is especially useful for young professionals, students, and informal sector workers who may not have bank accounts but use mobile money. It brings them into the formal investment ecosystem, helping them grow their savings beyond just keeping cash in a wallet.

    How to Use IC Wealth on MoMo

    While the source does not give step-by-step instructions, the partnership means users will find the IC Wealth option within the MTN MoMo app. After selecting it, they can read about the IC Liquidity Fund, check the terms, and invest directly from their MoMo balance.

    Because the app already has your identity information (MoMo accounts are registered with Ghana Card or other ID), you may not need to submit additional documentation for small investments. However, there may be a verification step for larger amounts, as required by regulation.

    The IC Liquidity Fund is a collective investment scheme. Your money is pooled with other investors and managed by professionals at IC Asset Managers. Returns are paid out periodically. You can also withdraw your money when needed, though some funds have a notice period or fees.

    What to Consider Before Investing

    Even though the IC Liquidity Fund is low-risk, all investments carry some risk. The SEC registration means the fund follows rules, but it does not guarantee profits. Users should read the terms carefully, understand fees, and consider how long they can keep their money invested.

    Another thing to note is that this is not a savings account with a guaranteed interest rate. The fund’s returns depend on the performance of the assets it holds. Past performance does not guarantee future results.

    This partnership also signals a trend in Ghana’s fintech space: mobile money platforms are becoming gateways to more financial services. We have seen MoMo offer loans, insurance, and now investments. This could push other asset managers to partner with mobile networks, giving Ghanaians more choice.

    Looking Ahead

    IC Wealth on MTN MoMo is a practical step toward financial inclusion in Ghana. For the average MoMo user, it offers a simple way to start investing without needing a bank account. As more people use the service, it will be interesting to see how IC Asset Managers expands its product range on the platform.

    If you use MoMo and have been thinking about investing but found it complicated, this is worth exploring. Open the MoMo app, look for IC Wealth, and read about the IC Liquidity Fund. Make sure you understand the terms before committing your money.

  • Ghana Card biometric verification now mandatory: what changes and how to prepare

    Ghana Card biometric verification now mandatory: what changes and how to prepare

    If you have used your Ghana Card for any official transaction recently, you may have noticed a change. The government has introduced a new requirement that makes biometric verification mandatory whenever your Ghana Card is checked. This is not a minor update — it affects how banks, telecom operators, government agencies, and other organisations confirm your identity.

    The change is rooted in the need to improve security and reduce fraud. Previously, organisations could verify a Ghana Card by simply scanning the details on the card or checking the number. Now, they must use biometric matching — typically your fingerprints — to confirm that the person presenting the card is actually the rightful owner. This is a significant shift in how identity verification works in Ghana.

    What the new law requires

    Under the new law, every verification of a Ghana Card must include a biometric check. This means that any institution that needs to verify your identity using the card must capture your fingerprints or another biometric identifier and match it against the data stored by the National Identification Authority (NIA).

    The process is not optional for these institutions. They are legally required to perform biometric verification before accepting the Ghana Card as proof of identity. This applies to both in-person and, where possible, remote verifications. The NIA has been working to upgrade its systems to handle the increased volume of biometric checks.

    Who this affects

    This change affects every Ghanaian who uses their Ghana Card for official purposes. That includes:

    • Bank customers — opening accounts, applying for loans, or conducting high-value transactions will now require biometric verification.
    • Mobile money users — registering SIM cards, performing KYC updates, or making large transfers will trigger biometric checks.
    • Government service users — accessing services like passport applications, driver’s licence renewals, or tax registration will demand biometric confirmation.
    • Businesses — companies that verify customer identities (e.g., financial institutions, telecoms, insurance firms) must update their verification systems to comply.

    If you have already enrolled your biometrics with the NIA, the process should be straightforward. However, if your fingerprints are worn or your data has not been captured properly, you may encounter delays.

    Steps to take

    To avoid any disruption, here are practical steps you can take:

    • Check your biometric status — if you have your Ghana Card, visit an NIA registration centre to confirm that your fingerprints are on record and match the NIA database.
    • Update your details — if you lost your card or your data is outdated, you may need to go through the re-registration or replacement process at the NIA.
    • Carry your card — biometric verification will still require you to present your physical card or at least your card number, so keep it handy.
    • Be prepared for delays — during the initial rollout, some organisations may face technical issues or longer queues. Plan ahead for important transactions.

    The government has indicated that the new requirement is part of broader efforts to secure identity systems and combat identity theft. For everyday users, the key is to ensure your biometric data is up to date and accessible.

    If you have not yet registered for a Ghana Card, now is a good time to do so. The NIA continues to run registration exercises across the country. Without a properly verified card, you may find it increasingly difficult to access essential services.

  • UHAS to Host Ghana’s First International Conference on AI in Healthcare and Pharma

    UHAS to Host Ghana’s First International Conference on AI in Healthcare and Pharma

    Ghana’s healthcare system is under pressure. Hospitals are crowded, diagnosis can be slow, and access to specialists is uneven. Artificial intelligence offers tools to change that — from faster image analysis to drug discovery — but adoption has been limited by a lack of awareness and collaboration.

    Now, the University of Health and Allied Sciences (UHAS) is stepping in to bridge that gap. UHAS will host Ghana’s first International Conference on AI in Healthcare and Pharma (ICAIH 2026) in Ho, Volta Region. The conference is planned for 2026 and aims to bring together researchers, health professionals, policymakers, and tech innovators to discuss how AI can transform healthcare delivery and pharmaceutical development in Ghana and beyond.

    Why This Conference Matters for Ghana

    Healthcare in Ghana faces familiar challenges: a shortage of doctors, limited diagnostic equipment, and high costs for patients. AI can help in areas like medical imaging, predictive analytics for disease outbreaks, and personalized treatment plans. But these tools need to be adapted to local realities — data privacy, infrastructure, and skills development.

    ICAIH 2026 is being organized in collaboration with the Ministry of Health, the Ministry of Communication, Digital Technology and Innovation, and the University of Missouri, USA, along with other international partners. This suggests a strong push to align the conference with national digital health strategies and to bring global expertise to Ghana.

    For Ghanaian tech startups and health professionals, the conference could be a rare opportunity to network, learn about cutting-edge research, and explore partnerships. It may also influence policy – for example, how the government regulates AI in medical devices or supports local AI development.

    What to Expect at ICAIH 2026

    While specific details about sessions and speakers have not been released, the conference focus on AI in healthcare and pharma points to several likely themes:

    • AI for diagnosis and medical imaging (e.g., detecting malaria, tuberculosis, or cancers from scans)
    • Machine learning in drug discovery and clinical trials
    • Data privacy and ethical considerations in using patient data
    • Building AI capacity among Ghanaian healthcare workers and students

    The involvement of the University of Missouri suggests exchange of knowledge and possibly joint research projects. Local institutions like the Korle Bu Teaching Hospital or the Ghana Health Service may also play a role. However, no concrete program has been announced yet.

    For now, the conference is still in the planning phase. The date, venue within Ho, and registration details will likely be shared closer to the event. But the announcement alone signals that Ghana is serious about using AI to solve real health problems.

    If you work in health, tech, or policy, keep an eye on ICAIH 2026. It could become a regular platform for shaping how AI is adopted in Ghana’s healthcare system — and that matters for everyone who depends on it.

  • Samsung Galaxy Watch 9 Gets 5 Years of Updates: What Ghanaian Users Should Know

    Samsung Galaxy Watch 9 Gets 5 Years of Updates: What Ghanaian Users Should Know

    Smartwatch buyers in Ghana often face a frustrating reality: after a year or two, the software stops getting updates. New features, security patches, and bug fixes dry up, forcing you to either live with an outdated device or buy a new one. Samsung’s latest announcement changes that equation for its next-generation wearable.

    The company has promised five years of software updates for the Galaxy Watch 9 and the Galaxy Watch Ultra 2. That is a major shift in the smartwatch industry, where two to three years of support has been the norm. For Ghanaian users, this could mean getting much more value from a device that already costs several hundred cedis.

    What the Five-Year Update Promise Covers

    Samsung’s commitment includes both Wear OS system updates and One UI Watch interface updates. That means your watch will receive new versions of Google’s wearable operating system, along with Samsung’s custom features and improvements, for five years from launch. Security patches are also part of the deal.

    To put this in perspective: if you buy a Galaxy Watch 9 today, you can expect it to receive the latest software through at least 2029. That is longer than most smartphones get updates. For a device you wear daily, this level of support matters for both functionality and safety.

    Why It Matters for Ghanaian Buyers

    In Ghana, where many people are price-sensitive when buying gadgets, a longer support lifespan changes the total cost of ownership. A smartwatch that stays updated for five years is a better investment than one that becomes obsolete after two. You avoid the pressure to upgrade frequently, and the device remains compatible with new phone models and apps for longer.

    Security is another factor. With mobile money and payment features like Google Wallet becoming more common on smartwatches, regular security updates protect your financial data. A watch that receives patches for five years is safer to use for contactless payments and storing sensitive information.

    That said, there are practical limitations. The Galaxy Watch 9 and Ultra 2 still have replaceable batteries? No, they use sealed batteries like most smartwatches. Battery health will degrade over five years. Samsung may offer battery replacement services in Ghana through authorized service centers, but availability and cost are unclear. Users should factor in potential battery servicing when planning long-term use.

    What This Means for Your Next Purchase

    If you are in the market for a smartwatch in Ghana, the Galaxy Watch 9 series now offers better long-term value than most competitors. Apple, for example, provides about five years of watchOS updates for its models, but Samsung matching that on Wear OS is noteworthy. Other Wear OS brands like Fossil or Mobvoi typically offer far less support.

    When comparing prices at Ghanaian retailers, consider the update commitment. A watch that costs GHS 2,500 but lasts five years updated is cheaper per year than a GHS 1,800 watch that stops getting updates after two years. Over the long run, the Samsung option may actually save you money.

    One thing to keep in mind: five years of updates does not mean the hardware will keep up. Battery life, processor speed, and screen quality will age. But for typical use like notifications, health tracking, and payments, a five-year-old Galaxy Watch 9 should still be perfectly usable — as long as the battery holds up.

    For now, the Galaxy Watch 9 and Ultra 2 are yet to be officially launched in Ghana, but the update promise is a strong reason to consider them once they arrive. If you already own an older Galaxy Watch, this also signals that Samsung is serious about long-term support for its wearables, which may lead to better update policies for future models.

    Before buying, check whether the watch supports the same bands, chargers, and apps you use. But from a software perspective, this is one of the best commitments we have seen in the smartwatch market — and that matters even more when every cedi counts.

  • Online restaurant scams cost Ghanaians nearly GHS 300,000 in six months

    Online restaurant scams cost Ghanaians nearly GHS 300,000 in six months

    If you have ordered food online recently, you may want to double-check the restaurant’s contact details before making a payment. A new alert from the Cyber Security Authority (CSA) reveals that Ghanaians lost nearly GHS 300,000 to online restaurant scams in the first six months of 2026.

    The scammers are not creating fake websites from scratch. Instead, they hijack legitimate Google business listings of real restaurants. They change the phone number on the listing to one they control. When a customer calls to place an order, the scammer takes the order and asks for payment via mobile money. After the payment is made, the scammer disappears and no food is delivered.

    How the scam works and who is at risk

    The CSA’s alert explains that the fraudsters target popular restaurants listed on Google. By taking over the business profile, they make the fake number appear as the official contact. Customers who search for a restaurant on Google and call the number listed are unknowingly connected to the scammer.

    This scam affects anyone who orders food online, especially those who rely on Google to find restaurant contacts. It is particularly risky for people who pay in advance before receiving their order. The scam is not limited to any specific region in Ghana; it can happen anywhere.

    The financial loss of GHS 296,000 in just six months shows that this is not a minor issue. For context, that amount could cover the monthly salaries of several small businesses. The actual number of victims may be higher, as not all cases are reported to the CSA.

    What you can do to protect yourself

    The CSA has provided several recommendations to help consumers avoid falling victim to these scams. Here are the key steps you can take:

    • Verify the phone number directly with the restaurant. If you have ordered from a restaurant before, use the number you already know. For new restaurants, consider visiting their physical location or checking their official website for contact details.
    • Cross-check the Google listing. Look for multiple sources that confirm the same phone number. Check the restaurant’s social media pages or ask friends who have ordered from there.
    • Be cautious with advance payments. If a restaurant insists on full payment before delivery, especially via mobile money to a personal number, it could be a red flag. Legitimate restaurants often have business accounts or offer pay-on-delivery options.
    • Report suspicious listings to Google. If you notice a listing with a changed phone number or other suspicious activity, you can report it through Google Maps. This helps protect other customers.
    • Contact the CSA if you are scammed. The Cyber Security Authority encourages victims to report incidents. Reporting helps them track scam patterns and issue warnings.

    Why this matters for Ghana’s growing online food market

    Online food ordering is becoming more common in Ghana, especially in cities like Accra and Kumasi. Many people rely on Google to find new restaurants or to get contact details for delivery. This scam undermines trust in the entire online food ecosystem.

    For restaurants, a hijacked listing can damage their reputation. Customers who are scammed may blame the restaurant, even though the restaurant is also a victim. Restaurants should regularly check their Google business profiles to ensure the information is correct and has not been tampered with.

    The CSA’s alert is a timely reminder that cyber criminals are constantly finding new ways to exploit popular platforms. As more Ghanaians turn to online services, staying vigilant is essential.

    If you plan to order food online, take a few extra minutes to verify the restaurant’s contact details. A small step can save you from losing money and the frustration of a missed meal.

  • SEC warns public against 23 unlicensed online investment schemes

    SEC warns public against 23 unlicensed online investment schemes

    Ghana’s Securities and Exchange Commission (SEC) has issued a public warning about 23 entities that are offering investment products online and on social media without the required licences. The regulator says none of these entities has been authorised to operate in the capital market, and it is stepping up efforts to protect investors from potential fraud.

    The list includes names that may sound familiar to many Ghanaians who come across investment opportunities on platforms like WhatsApp, Facebook, and Instagram. The SEC’s move is part of a broader push to clean up the digital investment space, which has become a hotspot for unregulated schemes promising quick returns.

    Why this matters for everyday investors

    For the average Ghanaian looking to grow their savings, online investment offers can be tempting. Many of these schemes advertise high returns with little risk, often using social media influencers or referral bonuses to attract participants. But without SEC approval, there is no guarantee that the money you invest is safe or that the promised returns will ever materialise.

    The SEC’s warning is a reminder that any entity soliciting investments from the public in Ghana must be licensed. Dealing with unlicensed operators means you have no recourse if the scheme collapses or the operators disappear with your funds. The regulator has urged the public to verify the licence status of any investment firm before committing money.

    How to check if an investment scheme is legitimate

    Before investing, you can take a few simple steps to protect yourself:

    • Visit the SEC Ghana website to check if the company is listed as a licensed capital market operator.
    • Look for the company’s registration details and confirm them with the Registrar General’s Department.
    • Be wary of schemes that promise unusually high or guaranteed returns, especially if they pressure you to act quickly.
    • Ask for official documentation and read the terms carefully.
    • If an offer comes through social media or a referral from a friend, still do your own research.

    The SEC has not provided details on how it identified these 23 entities, but it is clear that the regulator is actively monitoring online platforms. This is a positive step for investor protection in Ghana’s growing digital economy.

    For now, the best advice is to stick with licensed financial institutions and verified investment platforms. If you are unsure about a scheme, you can contact the SEC directly for clarification. The full list of unlicensed entities has been published on the SEC’s official channels, and investors are advised to review it carefully.

    As the digital investment landscape evolves, regulators are likely to increase their oversight. For Ghanaians, the key takeaway is to always verify before you invest. A few minutes of checking could save you from losing your hard-earned money.

  • Solex Energy plans solar factory in Ghana: what it could mean for your electricity bills

    Solex Energy plans solar factory in Ghana: what it could mean for your electricity bills

    Electricity bills in Ghana have been a pain point for households and businesses for years. Between rising tariffs and unreliable grid supply, many Ghanaians are looking for alternatives. Now, a potential new development in the solar energy space could offer some relief.

    Indian solar manufacturer Solex Energy is reportedly in discussions to set up a solar panel factory in Ghana. While the talks are still at an early stage, the move signals growing interest in Ghana as a hub for renewable energy manufacturing. If the factory becomes a reality, it could bring down the cost of solar panels and make solar power more accessible to ordinary Ghanaians.

    Why a local solar factory matters for your pocket

    Currently, most solar panels used in Ghana are imported. Import duties, shipping costs, and currency fluctuations all add to the final price. A local factory would cut out many of these costs. Solar panels made in Ghana could be significantly cheaper than imported ones, making the upfront investment in solar energy more affordable.

    For a typical Ghanaian household, the biggest barrier to going solar is the initial cost. A basic solar system with panels, battery, and inverter can cost several thousand cedis. If panel prices drop by even 20 to 30 percent, more families could consider making the switch. Over time, the savings on electricity bills could offset the installation cost.

    Businesses, especially small and medium enterprises, would also benefit. Many SMEs in Ghana spend a large portion of their revenue on electricity, especially those that rely on air conditioning or refrigeration. Cheaper solar panels could help them reduce operating costs and become less dependent on the national grid.

    What this means for Ghana’s renewable energy goals

    Ghana has set targets to increase the share of renewable energy in its electricity mix. The country aims to achieve 10 percent renewable energy by 2030. Currently, solar contributes only a small fraction. A local solar panel factory could accelerate progress toward that goal.

    Local manufacturing also creates jobs. A solar factory would need engineers, technicians, assembly line workers, and administrative staff. It could also spur the growth of local supply chains, from raw materials to logistics. This aligns with the government’s industrialization agenda and could reduce the country’s reliance on imported energy equipment.

    However, it’s important to note that Solex Energy’s plans are still in the negotiation phase. No timeline or investment figure has been announced. The success of the project will depend on factors like government incentives, infrastructure, and market demand.

    What Ghanaians should watch for next

    For now, the news is a positive signal but not a done deal. Ghanaians interested in solar should keep an eye on official announcements from Solex Energy and the Ministry of Energy. If the factory moves forward, it could be a game-changer for the local solar market.

    In the meantime, those considering solar can still benefit from existing options. Several local companies already offer solar installation services, and prices have been gradually declining. Comparing quotes and checking for quality certifications can help ensure you get a good deal.

    The potential arrival of Solex Energy is a reminder that Ghana’s solar market is attracting international attention. For households and businesses tired of high electricity bills, cheaper solar panels could be worth waiting for.