The Momo Association of Ghana is sounding the alarm on the escalating threats faced by mobile money vendors, with a growing number of attacks resulting in fatalities, particularly among young vendors under 30. Joshua Edmonson, Board Chair of the association, is urging vendors to join the organization, emphasizing that collective advocacy and enhanced safety measures are crucial to protecting their lives and livelihoods. Despite being a voluntary association, Edmonson believes that membership is essential for vendors to benefit from the association’s efforts to improve their security and working conditions.
Edmonson highlights the importance of stakeholder intervention, calling on Mobile Money Operators, the Bank of Ghana, and the Ministry of Communications to support the protection of vendors. He notes that the association has fought tirelessly for recognition and has gained support from telcos, underscoring the need for a collaborative approach to address the security challenges faced by vendors. By joining the association, vendors can benefit from enhanced safety measures, collective advocacy, and support in navigating the complexities of the mobile money business.
The call for enhanced security measures comes as the mobile money business faces increasing insecurity, with attacks on vendors becoming more frequent and brazen. Edmonson emphasizes that proper security measures are crucial for the future of the mobile money business, as the current insecurity could deter potential investors and undermine the growth of the industry. He urges regulatory agencies, including the Bank of Ghana and the Ministry of Communications, to engage in dialogue with the Momo Association to develop effective security measures that will sanitize the system and alleviate fears.
The proposed regulatory process aims to establish a robust framework for enhancing security for mobile money vendors. Edmonson believes that this will not only protect vendors but also promote growth in the mobile money business. By working together, stakeholders can develop effective security measures that will reassure investors, customers, and vendors alike, creating a safer and more secure environment for the industry to thrive. The Momo Association’s efforts to enhance security measures and promote collective advocacy are critical to the survival and growth of the mobile money business.
The situation highlights the need for a multi-stakeholder approach to address the security challenges faced by mobile money vendors. The government, regulatory agencies, and industry players must work together to develop effective security measures and provide support to vendors. By prioritizing the safety and security of vendors, the mobile money business can continue to grow and thrive, providing financial inclusion and economic opportunities for millions of Ghanaians. The Momo Association’s call for enhanced security measures is a timely reminder of the need for collective action to address the security challenges faced by vendors and promote a safer and more secure environment for the industry.
Story by: Ohemaa Adusi-Poku
