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BusinessTingo ceases operations in Ghana - Report

Date:

Tingo ceases operations in Ghana – Report

Vice President of the think-tank IMANI Centre for Policy and Education, Bright Simons, has reported what he believes is the end of Tingo‘s operations in the country.

In a post on X, Mr Simons indicated that the company’s signage at what he describes as a “swanky Accra suburb” has been stripped off.

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He is devastated about how things have punned out as “Tingo got the building even though some high street banks were also after it.”

Mr Simons did not provide the reason(s) behind the company’s decision to cease operations in the country.

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According to Mr Simons, “the landlord now has to deal with a seriously depressed rental market.”

In November 2022, Tingo Holdings Incorporated, a leading Agri-Fintech company in Africa, ventured into the Ghanaian market to expand its operations

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At the official launch, President of Tingo Inc; Dr. Chris Cleverly, assured Ghanaian farmers and subscribers of top-notch services with cutting-edge technology.

In 2023, Hindenburg Research accused the Tingo Group of being an exceptionally obvious scam with completely fabricated financials.

In a rebuttal, Tingo Group said it stands by its commitment to transparency, ethical practices, and the pursuit of excellence in all aspects of its business as the company’s growth and achievements are a testament to its dedicated team and visionary leadership.

For several years, Tingo Mobile Nigeria has been offering a comprehensive Agri-Fintech platform service through use of smartphones to empower the marketplace including farmers or subscribers.

Tingo supports the value chain from ‘seed to sale’ with services including airtime top ups, bill pay services for utilities, access to insurance services and micro finance.

Additionally, the company has introduced Tingo Media Limited to help Ghanaian businesses take advantage of their cutting-edge media technology and investments in innovative strategies.

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