Mobile Microfinance in Ghana

Mobile Microfinance

The total number of phone subscribers in Ghana is well over 25,000,000. Six phone companies share this market. Mobile Telecommunications Network (MTN)’s market share in Ghana is around 46%. MTN recently announced its plans to partner with microfinance organizations to make it easier for microfinance borrowers to receive and pay loans using MTN’s Mobile Money.

Hopefully more local and international companies follow suit to help reach the close to 3Billon people who have little to no access to financial services!

Resources

International Finance Corporation
http://goo.gl/E1qDvQ

Ghana Web
http://goo.gl/fiDS7b

Microfinanace Focus
http://goo.gl/20FzsY