Mobile Money boom: Thousands scramble for agency jobs in Ghana

Thursday, August 18, 2016

On a misty afternoon on Tuesday in Accra, Mary Agyekum sits by a desk, arms akimbo, earpiece in ear and looking pensive which she recalls is the result of a slowdown in business transaction for the day.

Ms. Agyekum, a 24-year old teller of a mobile money agent, is indebted to her employer for offering her a salaried job for the first time in three years after losing her ‘work and pay’ hair salon business to the electricity challenges that overwhelmed the country recently.

Her employer, ‘Godsway Enterprise’ is part of the tens of thousands of agents that have now found comfort in a trade that even the banks see as the prime vehicle to enhance financial inclusion.

According to the Bank of Ghana, the number of registered mobile money agents has now hit 93,376 as of the end of the first three months of this year, which is a 200 percent increase in the number of registered agents in just a year.

Source: Ghana Web (link opens in a new window)

financial inclusion, mobile finance