Starting March 1, 2024, the Bank of Ghana (BoG) has opted to revise the balance and transaction limits for customers’ mobile money wallets in response to the increasing trend of transactional activities and evolving customer requirements. The adjustment, as disclosed by the Ghana Chamber of Telecommunications, aims to accommodate the …
Read More »
In response to what they perceive as stagnant and insufficient commissions, the Mobile Money Advocacy Group (MoMAG) has taken decisive action. After engaging in discussions with pertinent authorities, MoMAG has promptly suspended the enforced limit of GHC1,000 on mobile money withdrawals. This decision to revoke the cap was announced through …
Read More »
During the first eight months of 2023, Mobile Money transactions reached an impressive ¢1.190 trillion, as reported in the September 2023 Summary of Economic and Financial Data released by the Bank of Ghana. This marks a substantial increase compared to the ¢655.97 billion recorded during the same period in 2022. …
Read More »
The government, as part of strategies to widen the country’s tax net, has announced an Electronic Transaction Levy. It will be a 1.75 percent charge on all electronic transactions. This fee, according to the Finance Minister, Ken Ofori-Atta, is to enhance financial inclusion and protect the vulnerable. Transactions covering mobile …
Read More »
GhArticles.com Every News in Detail