barbara adams

<h1>A Ghanaian Facebook user called Clarence Clark has been making a good living but its not through legal means according to another user of the platform Randy Sky Boateng.</h1>

His day to day activities involve making friends with strangers on the popular social media platform, manipulating them with sad stories and subsequently duping them of their hard earned monies.

READ ALSO :<a href="http://www.pulse.com.gh/news/politics/i-didnt-embezzle-ndcs-ghs-2-billion-allotey-jacobs-id8302600.html" id="60ccc755-6950-54bd-8238-bd1907831262"> I didn't embezzle NDC's GHS 2 billion - Allotey Jacobs</a>

Clark has come under attack after another Facebook user called Randy Sky Boateng launched his own private investigation and got to know of Clark's alleged fraudulent behaviours.

According to Randy, Clark cooks up stories to trick his victims into giving him money. He poses as an orphan in some instances to solicit for money. In other situations he claims his sister is either dead or in a coma, or his landlord is evicting him due to unpaid rent.

One user also shared his story of how Clark and his girlfriend (whose name and identity is unknown) allegedly duped him of $1,500.

He also uses his Facebook wall as a plea platform and publicly ask for money with his same old stories. He is also known have other Facebook profiles like "Kwaku Kwaku".

Below are some of the screen shots of some victims encounter with Clark.

A facebook user named RandySky Boateng has released a series of private messages exposing one Clarence Clark, another user for allegedly duping facebook users of their hard earned monies

Alleged Facebook scammer exposed for swindling other users

Ghana businessinsider finance

<h1>As part of efforts to move Ghana towards a cashless economy, some banks are set to begin the issuance of electronic money.</h1>

This development will allow customers to transfer money on a virtual platform.

Local news agency in Ghana Citi Business News reports that this development is likely to impact competition among telcos, fintechs and other players within the digital ecosystem.

Although, the disclosure comes on the back of the completion of the new Payment Systems and Services Bill, it is unclear which banks have put forward the proposals.

The Head of the Payment Systems Department of the Bank of Ghana, Dr. Settor Amediku explains “banks can also have their own wallet, that is a virtual account also operating like how mobile money works but in this case, they will have their own agents who will accepts monies and digitally transfer the equivalent unto the customer’s wallet so he or she could go ahead with his or her transactions.”

He also adds that “when the bill is passed, not only banks but other international companies have also shown interest in creating their own wallets and have their own virtual accounts.”

Currently, three telcos; that is, MTN, Airtel Tigo and Vodafone are issuing their own electronic money.

For some, the coming on board of the three banks in issuing their own electronic money means intense competition for the already existing platforms.

Others have also viewed this as an opportunity to leap unto the 2020 cashless economy target by the government.

Already, official figures show that the volume of mobile money transactions has shot up massively; from 18,042,241 in 2012, the figure has reached 981,564,563 as at 2017.

Similarly, the value of mobile money transactions has shot up from 594,120,000 to 155,844,840,000 between 2012 and 2017.

Meanwhile Dr. Settor Amediku is confident the law will be passed as soon as possible to kick start all these plans.

“The government itself is highly committed to getting this Bill passed and we’ve had a lot of support from the economic management team. The members really expressed their willingness to support the bill and we currently have the Finance Minister and his deputies who have promised to do everything possible to ensure the Bill is passed within the shortest possible time,” he stated.

At least three banks are set to commence the issuing of electronic money which will allow customers transfer money on a virtual platform.

After bountiful returns from mobile money transactions banks in Ghana have launched their own version of the virtual platform

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barbara adams

Articles written by the author

Alleged Facebook scammer exposed for swindling other users

After bountiful returns from mobile money transactions banks in Ghana have launched their own version of the virtual platform