Ebenezer Asante, CEO MTN Ghana said modalities with partner banks are being finalised, including how much interest should be paid, and the criteria for qualification to earn an interest.
He said modalities with partner banks are being finalised, including how much interest should be paid, and the criteria for qualification to earn an interest.
He added that the mobile money business is regulated by the Bank of Ghana to ensure that customers' interest are safeguarded, especially in the wake of the microfiance scandal that rocked the country last year.
There are currently about six million MTN mobile money users.
MTN remains market leader and has even increased their dominance form 16 million to 16.25 million between November 2015 to December 2015, according to data from National Communication Authority's mobile Voice and mobile data market report.
The company is planning to enlist on the stock market as part of processes to localise 35 percent of its shares.
“The 4G licence comes with a localisation condition, and we are looking at various options to localise about 35 percent of our business in Ghana – and the stock market will be one of the options. But is it going to be the most favoured option looking at the time we have to do the listing? I don’t know. But as and when we are ready with the full details, we will share how we will go about the localisation condition,” Asante said.