A couple of weeks ago, we posted a story about Tingo Ghana and its alleged illegalities.
Tingo has gone on record to state that Nwassa Ghana, Tingo Pay, and School Portal are part of its product portfolio but none of these apps are ready and available for commerce.
An anonymous source got in contact with us to confirm the company’s dealings to be on record about the company’s “shady” dealings.
Details
In East Legon, Tingo Ghana rents a large office that used to house one of Ghana’s banks as its base of operations.
According to our source, the company claims they haven’t officially started operations in Ghana but have already recruited staff, paid out salaries as well as the appropriate taxes. Our source says the company has also paid out SSNIT contributions to employees.
Tingo Ghana’s country manager is a foreign national who doesn’t officially have a work permit but has already engaged most of the local banks seeking partnerships and business opportunities.
Company Registration and The “Next Titan” Project
According to our source, Tingo was officially registered by local Ghanaians who were promised compensation upon registration and commencement of operations.
Those promises have allegedly not been fulfilled and no benefits have been paid out to the registrants of the company.
Officially, Tingo Group International does not have any stake in Tingo Mobile Ghana Ltd until the due process is done and due changes are effected at the Registrar General’s Department.
The company announced last year that they had signed an agreement with Ashanti Investment Trust and Ashanti Investment Trust was expected to introduce about two million farmers to the company’s platforms which are not operational yet.
Our source claims that Ashanti Investment Trust does not have a database of the two million farmers and is being used as a cover-up by both parties.
Moves By The Regulators
As of today, the official word is that Tingo is not registered with any of the regulators including Bank Of Ghana, the National Communications Authority, or the Data Processing Commission (DPC).
Last week, the enforcement unit of the DPC sent a warning letter to Tingo to either register with the commission within the next 14 days or face sanctions and possible prosecution.
We’ll follow up with more information as it becomes available.
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