Business News of Sunday, 26 January 2020Source: www.ghanaweb.comTelcos Chamber denies seizure of deceased MoMo users account by TelcosIng. Ken Ashigbey, CEO of the Ghana Chamber of TelecommunicationsThe Ghana Chamber of Telecommunications has vehemently denied allegations that mobile money operators confiscate funds of deceased account owners. Ken Ashigbey, there are laid down processes to accessing such funds contained in the Payment Systems and Services (Actb 987), which regulates the activities of mobile money. He specified that, it is the mandate of every financial institution to release funds of persons who have passed on to the appropriate beneficiaries. Ken Ashigbey advised that people who have lost loved ones verify from telcos for accounts they may have left behind so funds could be released.

Source: GhanaWeb January 26, 2020 12:45 UTC