MTN Ghana: Ghana Card will detect MoMo loan defaulters who dispose of SIM cards

“MTN Ghana's Field Service Manager (Network) in Kumasi, Mr Dickson Amoung-Yam, has urged customers of the Mobile Money service to repay the loans they borrow from their accounts.”
MTN Ghana’s Field Service Manager (Network) in Kumasi, Mr Dickson Amoung-Yam, has urged customers of the Mobile Money service to repay the loans they borrow from their accounts.
"Borrowers who take loans and refuse to pay can no longer escape because of the Ghana Card they used to register on their accounts," he stated.
Mr Amoung-Yam gave the advice in an interview with the Ghana News Agency on the sidelines of a media and stakeholders' engagement organised by MTN Ghana in Sunyani.
He expressed worry that previously, some people used their SIM cards to access loans and later disposed of them for new ones to avoid repayment. He warned that if such persons tried to register another SIM card, they would be detected because their details are already in the service system.
Mr Amoung-Yam encouraged all those who had borrowed money from the MoMo service to pay back on time so that other individuals could also benefit.
He reiterated that customer satisfaction drove the company's operations and motivated MTN Ghana to do more. He said it was because of that commitment that the company was investing heavily to guarantee customer satisfaction with services.
Mr Amoung-Yam urged customers not to hesitate to report service problems to the company for the needed attention.
He said there had been no barrier to the company's existence, adding that even farmers at their farms are now able to make calls and send messages from the forest. This was an indication that every area in Ghana was gradually being covered with signals.
Mr Amoung-Yam said there were several apps that customers could access to prevent the long queues that were often mounted at MTN offices.
Deep Analysis
AI Intelligence
Key Impact
- MTN Ghana's new policy linking Ghana Card to Mobile Money loans will reduce loan default rates, as defaulters can no longer avoid detection by discarding their SIM cards.
Background
- Previously, some Mobile Money borrowers in Ghana exploited the system by borrowing loans and then disposing of their SIM cards to evade repayment, as noted by MTN's Field Service Manager in Kumasi.
Benefits
- Farmers and rural customers in Ghana, including those in forested areas, will gain improved access to mobile loans, as repayment risks for lenders decrease.
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