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Sim box fraud Subah saves Ghana $70 million annually

General Manager, Business Development and Projects, Redeemer Kwame, also disclosed that SIM fraud operations has saved the telecos $10 million a month.

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Over the last four years, operations of Subah Infosolutions Ghana Limited has saved the nation 70 million dollars annually.

Additionally, it operations has helped increase Value Added Tax (VAT) collection from GH¢25 million annually on average to about GH¢60 million cumulatively, amounting to GH¢3 billion over the years.

This came to light when the management of Subah interacted with members of the Parliamentary Select Committee on Communications to give an overview of the operations of the company over the years.

Read more: We will root out simbox fraud in Ghana- Afriwave

General Manager, Business Development and Projects, Redeemer Kwame, also disclosed that Subah's SIM fraud operations saved the telecos $10 million a month.

He said, “Subah’s SIM fraud operations save the Government of Ghana and the telcos $10 million a month.”

“We will continuously harness the resources and skills we have to drive value for our clients, shareholders in Ghana and the rest of Africa,” he added.

See also: 7 Arrested For SIM Box Fraud

Managing Director of Subah Infosolutions, Mr Birendra Sasmal, also told the committee that a number of African countries – Kenya, The Gambia, Zimbabwe, Sierra Leone, Zambia, Congo DR and Lesotho – had expressed interest in the services of the company.

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