Some quick loan customers who haven’t paid are waiting for their SIM to be blocked – Sam George

Ningo Prampram Member of Parliament, Samuel Nartey George, has said that the decision to block unregistered SIM cards in Ghana will discourage investors from injecting capital into the telecom space in Ghana.

He said some quick loan customers who are yet to settle their debt have decided not to pay and are waiting for their SIM to be blocked.

If any businessman observes this situation, that person is likely to shy away from investing in the sector because one day, due to government policy, he may lose all his capital investments, he said.

Speaking on the Key Points on TV3 Saturday July 30, Sam George said “You have quick loan customers who have taken facilities and people are holding back and not wanting to pay, they are saying, okay, if you want to deactivate my SIM, let’s deactivate it.

“It is a disincentive for you to attract investor into the tech space. Don’t forget that this quick loan has created a space for a new cadre of small scale businesses, people who take ¢500 or ¢1000 and turn it around and run businesses and pay these facilities back.

“The quick loan, at times, has put food on the table of families, you can’t underestimate the value of this. Right now, industry players are going to be scared. How do I put in money into an industry like OTT [Operate Over the Internet] when a policy directive one day could cost me millions or billions of dollars. These are the kind of policy incoherence we need to talk about.”

He further said the decision by the government not to extend the deadline for the SIM reregistration is mere talk.

In his view, the deadline will be extended.

The Minister of Communications and Digitalization, Madam Ursula Owusu-Ekuful, served notice that the deadline remains Today Sunday, July 31.

It was earlier pushed forward from 31st March to 31st July.

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